AssetMark Launches Enhanced SDBA Solution for Advisors

AssetMark's Enhanced SDBA Solution: A Game Changer for Advisors

AssetMark, a trailblazer in wealth management for independent financial advisors, has recently introduced a powerful enhancement to its Self-Directed Brokerage Account (SDBA) solution. This cutting-edge offering allows advisors to integrate employer-sponsored retirement assets into their clients’ investment strategies, helping them provide more personalized and comprehensive guidance.

Empowering Advisors to Expand Their Practices

With the introduction of the upgraded SDBA solution, AssetMark confirms its commitment to supporting advisors in growing their practices and strengthening client connections. Michael Kim, the CEO of AssetMark, emphasizes that managing clients' retirement accounts is increasingly crucial for advisors looking to offer holistic financial advice. The SDBA solution is designed to empower advisors to fulfill this critical need efficiently.

The Strategic Importance of Retirement Assets

Retirement accounts, which account for a significant portion of the average American’s wealth, represent a vital opportunity for advisors to enhance their assets under management (AUM). By managing 401(k), 403(b), and 457 plan assets through partnerships with Schwab Personal Choice Retirement Account and Fidelity BrokerageLink, advisors can leverage these retirement assets effectively. All this is seamlessly integrated into the eWealthManager platform of AssetMark.

Benefits of Integration for Advisors

This integration offers a variety of advantages for advisors, including:

• Expanding their investment strategies across a client’s entire portfolio
• Providing a unified and personalized client experience
• Utilizing AssetMark's existing models and workflows
• Delivering professional management for a client’s most significant assets

Additionally, the solution gives clients access to a broader range of investment options, greater freedom, and alignment of their retirement assets with long-term goals and risk preferences—facilitated by a trusted advisor.

AssetMark's Commitment to Innovation

The launch of the enhanced SDBA is a strategic part of AssetMark’s initiative to accelerate platform expansion, particularly within the Registered Investment Advisor (RIA) and private markets segments. By allowing advisors to manage a significant portion of their client's wealth through a unified retirement and investment account management platform, AssetMark aids them in scaling their operations while providing exceptional value.

Understanding AssetMark's Mission

AssetMark strives to support financial advisors in thriving in a competitive environment. Their mission revolves around delivering flexible, purpose-built solutions that leverage innovative technology. With comprehensive planning tools, investment solutions, and operational capabilities, AssetMark helps advisors enhance productivity and satisfaction among their clients.

Impressive Growth Metrics

Founded in 1996, AssetMark has grown significantly, boasting over 1,100 employees and catering to more than 10,500 financial advisors and 318,000 investor households. As of a recent report, the firm managed upwards of $148 billion in platform assets, demonstrating their capacity to assist advisors effectively.

Staying Connected with AssetMark

For those looking to explore more about AssetMark's innovative SDBA solution, it’s worth visiting their official website. Their commitment to providing advisors with top-notch resources continues to shape the landscape of wealth management.

Frequently Asked Questions

What is the purpose of AssetMark's enhanced SDBA solution?

The enhanced SDBA solution aims to help financial advisors manage employer-sponsored retirement assets effectively within their clients' broader investment strategies.

How does the SDBA solution benefit advisors?

It allows advisors to expand their investment strategies, deliver personalized client experiences, and manage significant client assets under one integrated platform.

What types of retirement accounts can be managed through the SDBA?

Advisors can manage 401(k), 403(b), and 457 plan assets using the SDBA solution.

How does AssetMark support financial advisors?

AssetMark provides planning tools, technology, and operational capabilities to enhance advisor productivity and client satisfaction.

When was AssetMark founded?

AssetMark was founded in 1996 and has since grown to serve a large number of advisors and investor households.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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