As a part of our ongoing commitment to educate and keep our investors informed, we sent the following message to each of our clients via email:
We wanted to let you know that we are monitoring the recent departure of Bill Gross from PIMCO.
Bill Gross co-founded PIMCO in 1971 and managed the PIMCO Total Return Fund which has been one of the largest mutual funds in the world. Since actively managed mutual funds are dependent on the decisions of the fund manager, it is a significant event when a manager leaves. The size of PIMCO and Mr. Gross’s high profile makes his departure a notable event in the investment community.
We are monitoring your accounts with us for any action that may be needed.
We also wanted to make you aware of the situation since you may have PIMCO funds inside your employer retirement plan.
As always, if you would like to discuss this further please give us a call or e-mail. We are here for you.
Your LifeGuide Team