Sierra Group of Companies Reaches over $3 Billion in Assets
February 13 2018 - 9:36AM
Business Wire
The Sierra Group of Companies ("Sierra") is proud to announce
that as of 12/31/17, the firm has reached over three billion
dollars in combined assets under management and assets under
advisement.
Founded in 1987, the Sierra Group of Companies consists of
Sierra Investment Management, Inc., Ocean Park Asset Management
Inc., and Wright Fund Management, LLC, which manages the Sierra
Mutual Funds, which include the Sierra
Tactical All Asset Fund and Sierra Strategic Income Fund.
“At Sierra, we have a long-term focus on limiting downside risk
and volatility,” said David Wright, co-founder and managing
director at Sierra. “It’s gratifying to our team that conservative
investors have continued to see the value we provide and have
helped us almost double our assets in about two years. We will
continue to concentrate on providing value to our investors.”
About The Sierra Companies
Since 1987 Sierra has been helping retirees and other
conservative investors preserve and grow their wealth. Through the
years, Sierra has fine-tuned an investment approach with the
specific goals of limiting downside risk and providing satisfying
returns over a market cycle. Using decades of strategic research
and proven risk management disciplines, Sierra strives to help its
clients meet their specific investment goals.
Past performance does not guarantee future results and there
is no assurance that any investment strategy will achieve its
investment objective. Investors should carefully consider the
investment objectives, risks, charges, and expenses of the Sierra
Mutual Funds. This and other information about the funds is
contained in the prospectuses and should be read carefully before
investing. The prospectus can be obtained on our website
www.sierramutualfunds.com or by calling toll free
1-800-729-1467. The Sierra Mutual Funds are distributed by Northern
Lights Distributors, LLC, member
FINRA/SIPC.
Neither Sierra Investment Management, Inc., Ocean Park Asset
Management, Inc. nor Wright Fund Management LLC are affiliated with
Northern Lights Distributors, LLC.
The Sierra Tactical All Asset Fund invests in underlying funds,
including mutual funds and ETFs. In some instances it may be less
expensive for an investor to invest in the underlying funds
directly. There is also a risk that investment advisers of those
underlying funds may make investment decisions that are detrimental
to the performance of the Fund. Investments in underlying funds
that own small and mid-capitalization companies may be more
vulnerable than larger, more established organizations to adverse
business or economic developments. Investments in underlying funds
that invest in foreign equity and debt securities could subject the
Fund to greater risks including currency fluctuation, economic
conditions, and different governmental and accounting
standards.
The Sierra Strategic Income Fund invests in underlying funds
that may invest in foreign emerging market countries that may have
relatively unstable governments, weaker economics, and
less-developed legal systems, which do not protect investors. In
general, the price of a fixed income security falls when interest
rates rise. Underlying fund investments in lower-quality bonds,
known as high-yield or junk bonds, present greater risk than bonds
of higher quality. Municipal securities are subject to the risk
that legislative changes and economic developments may adversely
affect the value of the Fund's investments. REIT risks include
declines from deteriorating economic conditions, changes in
property value, and defaults by borrower. Underlying funds that own
small and mid-capitalization companies may be more vulnerable than
larger, more established organizations to adverse business or
economic developments. In some instances it may be less expensive
for an investor to invest in the underlying funds directly.
6113-NLD-2/9/2018
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Media:Hewes CommunicationsTucker Hewes,
212-207-9451tucker@hewescomm.com