The firm has experienced rapid growth over the last two years.
Santa Monica, CA (February 20, 2018) – 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 Dr. Kenneth Sleeper, 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.
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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 by visiting www.sierramutualfunds.com or by calling toll free 1-866-738-4363. 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.