AssetMark Boosts Offerings with Morningstar Collaboration
AssetMark, a leader in wealth management and technology solutions for financial advisors, has recently taken a significant step forward by introducing Morningstar Wealth investment strategies on its platform. This new development provides financial advisors with access to a broad selection of model portfolios and separately managed accounts (SMAs), all crafted by the experienced team at Morningstar Investment Management.
New Launch Details
This strategic partnership means that financial advisors using AssetMark can now draw from approximately $316 billion in assets under management and advisement worldwide. By incorporating these Morningstar Wealth strategies, AssetMark is not only broadening its portfolio options but also reinforcing its dedication to equipping advisors with an extensive range of investment solutions tailored to meet diverse investor needs.
Highlights of Morningstar Wealth Strategies
With this enhancement, users of AssetMark will enjoy access to several new investment alternatives, which include:
- Morningstar Equity SMAs – These strategies employ a valuation-driven approach, covering various market capitalizations and offering opportunities for long-term growth.
- Morningstar ETF Models – Concentrated on growth, income, and aligning with investors' aspirations, these diversified core portfolios primarily invest in U.S. and international ETFs.
- Morningstar Active/Passive Models – Designed to cater to different risk appetites and tax considerations, these strategies seek to balance active and passive investments for clients to meet their financial goals.
Insightful Quotes from Leadership
Recently, David McNatt, EVP of Investment Solutions for AssetMark, underscored the significance of this integration: "Morningstar has a strong legacy of delivering outstanding investment products and insights. By incorporating these strategies into our platform, we further empower advisors with the vital tools needed to serve their clients effectively."
Daniel Needham, President of Morningstar Wealth, echoed this thought, remarking that advisors are crucial to investor success. Since the announcement of their collaboration, the focus has been on making comprehensive strategies available to a wider range of advisors.
About AssetMark
Established in 1996, AssetMark has developed a robust wealth management platform aimed at supporting financial advisors and their clients across various stages of their investment journey. The company is driven by a mission to foster client engagement and improve advisor efficiency, ensuring they have the tools necessary to deliver excellent investor outcomes. Currently, AssetMark employs over 1,000 individuals, serving more than 9,200 financial advisors and 261,000 households, while managing over $119 billion in platform assets.
Comprehensive Solutions for Advisors
AssetMark collaborates closely with its affiliates, including AssetMark Trust Company and Voyant, to deliver flexible, purpose-focused solutions that elevate productivity, profitability, and client satisfaction. This comprehensive approach allows advisors to effectively tackle the complexities of investment management while concentrating on securing better results for their clients.
About Morningstar Wealth
Morningstar Wealth is focused on empowering advisors and investors by offering a diverse range of investment solutions. This includes model portfolios managed by Morningstar's Investment Management team and a variety of advisory services. Morningstar has built a reputation for delivering independent investment insights across multiple global markets, providing invaluable resources for both individual and institutional investors.
Frequently Asked Questions
What are the benefits of the new Morningstar Wealth strategies?
The new strategies offer financial advisors access to a diverse range of investment options that are designed to cater to different investor needs, enhancing their ability to help clients achieve their goals.
How does AssetMark support financial advisors?
AssetMark aids financial advisors by providing a comprehensive wealth management platform that delivers a variety of flexible solutions aimed at improving productivity and client engagement.
What is AssetMark's investment management approach?
AssetMark focuses on empowering advisors by providing the necessary tools and resources to effectively serve their clients and attain optimal investment outcomes.
What types of investment strategies are part of the Morningstar Wealth offerings?
The offerings feature Equity SMAs, ETF Models, and Active/Passive Models, all of which target different market segments and align with various investor objectives.
How significant is AssetMark's platform in terms of assets managed?
Currently, AssetMark's platform manages over $119 billion in assets, highlighting its extensive footprint and commitment to quality in the wealth management industry.
