Investment Advisors International, the affiliate investment advisory firm of World Financial Group, has named Pinnacle Advisory Group as its newest third-party money manager.

IAI works with third-party money managers to make active asset management available not only to affluent clients and large corporations, but also to middle-income individuals and families and small businesses.

Through these partnerships, IAI is able to offer diverse investment strategies to give clients a wide selection of styles customised to meet their financial objectives.

"IAI is proud to add Pinnacle Advisory Group to our team of professional money management firms dedicated to helping IAI make active money management available to everyday individuals and families," says IAI president Kevin L. Palmer.

Pinnacle's investment philosophy centres on tactical asset allocation, which uses a value-based investment approach that allows for incremental changes in portfolio asset allocation to take advantage of investment opportunities that materialise throughout the year.

"Pinnacle Advisory Group has been in the business of providing comprehensive private wealth management services for affluent clients since 1993. We have created the kind of state-of-the-art investment process that is demanded by wealthy people who can afford to hire the best of the best," says Pinnacle chief investment officer Kenneth Solow (pictured). "We look forward to sharing our investment philosophy and industry expertise in tactical asset allocation with IAI's clients."

Investment Advisors International and World Financial Group are Aegon companies.