DSS has opened a new office in Sacramento, California to further bolster its wealth management and fund businesses.
The new office will house DSS Wealth Management and DSS AmericaFirst Quantitative Funds.
Commenting on the development, DSS COO Jason Grady said: “This is an exciting area of our business with significant rapid growth potential.
“Bringing the DSS Wealth Management and DSS AmericaFirst teams together in Sacramento should accelerate our sales and marketing initiatives while the ongoing expansion of our product portfolio with innovative quantitative strategies will enable us to reach an even broader mix of investors.”
DSS AmericaFirst first is a suite of mutual funds managed by DSS Wealth Management. The firm is expected to be extended to into several additional investment platforms including new mutual funds, exchange-traded funds, unit investment trusts, and closed-end funds.
At present, DSS AmericaFirst comprises four mutual funds; The DSS AmericaFirst Income Trends Fund, DSS AmericaFirst Defensive Growth Fund, DSS AmericaFirst Risk-On Risk-Off Fund and DSS AmericaFirst Large Cap Buyback Fund.
By employing a quantitative rules-based approach to security selection, these funds target to outperform their respective benchmark indices.
US-based DSS operates business segments in direct marketing, blockchain security, consumer packaging, real estate, healthcare, renewable energy, and securitised digital assets.
In May this year, DSS purchased 4.9% of broker-dealer Sentinel Brokers Company to support o build out an ecosystem around this high-growth, high-return potential segment of its operations.
Under the agreement, the firm has an option to buy an additional 50.1% stake in Sentinel.