AssetMark Expands Investment Strategies with Morningstar Partnership
AssetMark Enhances Offerings Through Morningstar Collaboration
AssetMark, a leader in providing wealth management and technology solutions for financial advisors, has recently made a significant advancement by launching Morningstar Wealth investment strategies on its platform. This exciting addition allows financial advisors to access a diverse range of model portfolios and separately managed accounts (SMAs) that are crafted by the experienced Morningstar Investment Management team.
Details of the New Launch
The new strategic partnership means that financial advisors utilizing AssetMark will now benefit from approximately $316 billion in assets under management and advisement globally. By integrating these Morningstar Wealth strategies, AssetMark is not only expanding its portfolio offerings but also reinforcing its commitment to empowering advisors with a broad array of investment solutions tailored to meet varying investor needs.
Features of Morningstar Wealth Strategies
With this enhancement, AssetMark users gain access to several new investment options, including:
- Morningstar Equity SMAs – These strategies utilize a valuation-driven approach and cover multiple market capitalizations, providing opportunities for long-term growth.
- Morningstar ETF Models – Focused on growth, income, and aligning with investors' goals, these diversified core portfolios primarily invest in U.S. and international ETFs.
- Morningstar Active/Passive Models – Designed to cater to various risk tolerances and tax sensitivities, these strategies aim to strike a balance between active and passive investments to help clients reach their financial aspirations.
Quoted Insights from Leadership
In a recent statement, David McNatt, EVP of Investment Solutions for AssetMark, highlighted the importance of this addition: "Morningstar has a strong legacy of delivering top-notch investment products and insights. By integrating these strategies into our platform, we continue to empower advisors with the essential tools to better serve their clients."
Daniel Needham, President of Morningstar Wealth, echoed this sentiment, stating that advisors play a crucial role in investor success. Since the announcement of the collaboration, the anticipation of making comprehensive strategies readily available to more advisors has been a priority.
About AssetMark
Founded in 1996, AssetMark has built a robust wealth management platform dedicated to assisting financial advisors and their clients at various stages of their investment journey. The company operates with a mission to promote client engagement and enhance advisor efficiency, ensuring they are equipped with the necessary resources to deliver exceptional investor outcomes. As of now, AssetMark has over 1,000 employees serving more than 9,200 financial advisors and 261,000 households, managing over $119 billion in platform assets.
Comprehensive Solutions for Advisors
AssetMark works closely with its affiliates, including AssetMark Trust Company and Voyant, to provide flexible, purpose-built solutions that enhance productivity, profitability, and client satisfaction. This holistic approach enables advisors to navigate the complexities of investment management while focusing on achieving better outcomes for their clients.
About Morningstar Wealth
Morningstar Wealth focuses on empowering advisors and investors with a comprehensive range of investment solutions. This includes model portfolios managed by the Morningstar Investment Management team, along with various advisory services. Morningstar has earned a reputation for providing independent investment insights across multiple global markets, offering invaluable resources to both individual and institutional investors.
Frequently Asked Questions
What are the benefits of the new Morningstar Wealth strategies?
The benefits include access to a diversified range of investment options tailored for various investor needs, enhancing the ability of advisors to meet client goals.
How does AssetMark support financial advisors?
AssetMark supports financial advisors by providing a wealth management platform that offers a range of flexible solutions aimed at enhancing productivity and client engagement.
What is AssetMark's approach to investment management?
AssetMark's approach emphasizes empowering advisors with the necessary tools and resources to serve their clients effectively and achieve optimal investment outcomes.
What types of investment strategies are included in the Morningstar Wealth offerings?
The strategies include Equity SMAs, ETF Models, and Active/Passive Models, catering to different market segments and investor goals.
How large is AssetMark's platform in terms of assets managed?
As of now, AssetMark's platform manages over $119 billion in assets, reflecting its expansive reach and commitment to excellence in the wealth management sector.
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