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HIGHMARK CAPITAL MANAGEMENT CONTINUES TO GROW ITS FOOTPRINT IN WIREHOUSE CHANNEL WITH NEW MERRILL LYNCH PARTNERSHIP
For Immediate Release
San Francisco, June 23, 2010 -- HighMark Capital Management, Inc., the investment adviser of HighMark Funds, today announced the addition of its nationally recognized family of mutual funds to select advisory platforms at Merrill Lynch Global Wealth & Investment Management.
"We're confident that our funds and our outstanding investment capabilities offer Merrill Lynch a wide range of mutual funds for clients," said HighMark Funds Managing Director Kevin Rowell. "As a distribution partner, we look forward to a long-lasting business relationship with Merrill Lynch by aligning its strategic initiatives on a national, regional and branch level with Regional Sales Directors at HighMark."
"This latest partnership illustrates our aggressive growth plans and significant investment in the retail distribution channel," said Earle Malm, president and CEO, HighMark Capital Management. "We are proud that HighMark Funds are now available to Merrill Lynch's high-caliber group of investment professionals."
HighMark is committed to helping clients achieve their long-term financial goals by providing high quality, competitive products and services utilizing both its seasoned in-house managers and select institutional sub-advisers who are leaders in their field. Its funds utilize disciplined investment processes with the goal of delivering consistent long-term investment performance.
About HighMark Capital Management, Inc.San Francisco-based HighMark Capital Management, Inc. (HCM), a registered investment adviser, is a wholly-owned subsidiary of Union Bank, N.A., with over $16 billion in assets under management for individual and institutional investors worldwide.
HCM is a wholly-owned subsidiary of Union Bank, N.A. Union Bank, N.A. is wholly owned by UnionBanCal Corporation. UnionBanCal Corporation is wholly-owned by The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG, NYSE:MTU), one of the world's largest financial organizations in market capitalization and deposit taking.
HCM is also the adviser to the HighMark Funds, a nationally recognized fund company offering a wide range of mutual funds including world class fixed income funds, domestic and international equity funds, conservatively managed money market funds and asset allocation portfolios. HighMark Funds Distributors, Inc., an affiliate of BNY Mellon Distributors Inc., is the principal underwriter of HighMark Funds. For more information on HighMark Fund's family of mutual funds and services, please visit www.highmarkfunds.com. HighMark Capital Management can be found on the Web at www.highmarkcapital.com.
Mutual fund investing involves risk, including possible loss of principal. HighMark Funds Distributors, Inc., an affiliate of BNY Mellon Distributors Inc., is the principal underwriter of the HighMark Funds. HighMark Capital Management, Inc., a registered investment adviser, is a wholly owned subsidiary of Union Bank, N.A., and serves as an investment adviser for HighMark Funds. Union Bank, N.A., a subsidiary of UnionBanCal Corporation, provides certain services to the Funds and is compensated for these services. NO BANK GUARANTEE, NOT FDIC INSURED, MAY LOSE VALUE. There is no guarantee that the Funds will meet their stated objectives.
Carefully consider the Funds' investment objectives, risk, and charges and expenses. This and other information can be found in the Funds' prospectus, which may be obtained by calling 1.800.433.6884 or by visiting www.highmarkfunds.com. Read the prospectus carefully before investing.