Genworth Financial (GNW -0.6%) plans to sell two of its businesses, including its wealth...

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

Genworth Financial (GNW -0.6%) plans to sell two of its businesses, including its wealth management business, in an effort to raise capital, Reuters reports. The wealth business has more than $20B in assets under management and sells its portfolios through ~6,000 third-party advisers. GNW also is said to be seeking a buyer for its alternative investments provider with $3.3B in client assets.