AssetMark Expands High Net Worth Solutions For Independent Financial Advisors

CONCORD, Calif., April 1, 2015 /PRNewswire/ -- AssetMark, Inc. announced today that it has expanded its curated set of investment solutions to help financial advisors using its platform better serve the needs of high net worth clients.

"Advisors are increasingly working with wealthier households and we want to equip them with tools, resources and insights to ensure they can confidently attract and support these clients," said Charles Goldman, President and CEO of AssetMark. More than nine million households in the United States now have $1 million or more in net worth.

In the first quarter of 2015, the firm added two significant and focused capabilities to its platform.

• In January, AssetMark added the William Blair Custom High Net Worth Strategy.
  • William Blair is known for its institutional pedigree and their private client team leverages that expertise for global asset allocation solutions.
  • Portfolios generally include a custom and tax-aware mix of U.S. and international equities and mutual funds, bonds and liquid alternative strategies.
• In March, AssetMark added the Aris Custom High Net Worth Strategy.
  • Adding the Aris strategy was part of integrating the recent acquisition of Aris Corporation of America, which was acquired by AssetMark late last year.
  • Through the strategy, Aris provides high-touch service and tax-smart, custom portfolios starting at $500,000.
• These two new strategies complement the existing Custom High Net Worth Strategy on the AssetMark platform provided through City National Rochdale.
  • City National Rochdale designs personalized portfolios that are tailored to the needs of high net worth individuals with a specific focus on active risk management and tax efficiency.
  • Portfolio managers strategically adjust allocations based on proprietary research, changing market environments and evolving client risk tolerance and goals.

"AssetMark's platform is designed to offer advisors a broad range of solutions to address diverse client investment objectives and preferences," said Jerry Chafkin, Chief Investment Officer at AssetMark. "This set of high net worth solutions provides advisors a spectrum of investment choices tailored to affluent clients, and is supported by AssetMark's robust investment, relationship and practice management expertise."

About AssetMark, Inc.

AssetMark, Inc. is a leading independent provider of innovative investment and consulting solutions serving financial advisors. The firm provides investment, relationship and practice management solutions that advisors use to help clients achieve their investment objectives and life goals. AssetMark, Inc. and its affiliate, Aris Wealth Services, Inc., have approximately $25 billion in combined assets on their respective platforms and a history of innovation spanning over 20 years. For more information, visit www.assetmark.com and follow @AssetMark on Twitter.

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SOURCE AssetMark, Inc.