Transforming Wealth Management: AssetMark and Cheetah's Success

Unified Wealth Management Through Strategic Collaboration

AssetMark, Inc., recognized for its innovative wealth management and technology solutions, has partnered with Cheetah, a cloud-based trust accounting platform, to deliver a comprehensive wealth management service. This collaboration not only showcases their commitment to enhancing financial advisory services but also empowers institutions to achieve significant operational improvements.

Empowering Financial Institutions with Advanced Solutions

The strategic partnership between AssetMark and Cheetah has become a driving force for financial institutions like First State Bank (FSB). Since implementing their integrated solution, FSB has experienced remarkable benefits, including increased efficiency and enhanced capacity for future growth. The bank has successfully transitioned its trust services to this new platform, which has positioned it favorably in a competitive landscape.

Revolutionizing Trust Management

Curtis Groves, Senior Vice President of Wealth Management & Trust at FSB, described this collaboration as a transformative shift for their operations. According to him, “We’ve experienced a surge in new accounts and overall business momentum thanks to this integration.” This partnership allows FSB to focus on what matters most: delivering exceptional service and fostering growth.

Boosting Operational Efficiency

The technological prowess of Cheetah, paired with AssetMark's expertise, has streamlined operational processes at FSB. Automation minimizes manual tasks and facilitates better data management, enabling the team to concentrate on strengthening client relationships. The effective use of advanced technology equips FSB to improve client engagement significantly.

A Partnership That Delivers Results

By blending AssetMark's substantial industry knowledge with Cheetah's cutting-edge solutions, the integration has fortified FSB's competitive edge in the wealth management market. As technology continues to evolve, this partnership explores new avenues to enhance service offerings and identify revenue opportunities.

Matt Matrisian, SVP and Head of Client Growth at AssetMark, emphasizes the significance of their collaboration, stating, “Our alliance with Cheetah empowers financial institutions like First State Bank to harness a scalable wealth management solution.” Through advanced automation, banks can streamline operations and enhance growth-focused client relationships.

Transforming the Wealth Management Landscape

The unified solution from AssetMark and Cheetah represents a new benchmark in trust and wealth management, allowing firms to deliver exceptional services while achieving robust growth. Their commitment to innovation is reshaping the way these institutions approach client engagement and operational efficiency.

AssetMark's Commitment to Advisors

AssetMark is dedicated to empowering financial advisors with tailored solutions designed to improve client outcomes. With a mission that emphasizes engagement and productivity, AssetMark, including its affiliates like AssetMark Trust Company, has been supporting advisors since 1996. Today, it serves over 9,000 financial advisors and manages more than $127 billion in platform assets as of late 2024.

Innovative Tools for Wealth Managers

Cheetah is committed to providing wealth managers with comprehensive tools that foster business growth and operational efficiency. Its flagship trust management platform equips trust managers to oversee all facets of client wealth, from investment management to complex tax reporting. Through its commitment to modernization, Cheetah enhances the trust industry with state-of-the-art cloud-based solutions.

First State Bank's Legacy

As Texas’s oldest state bank, First State Bank is a pioneer in blending traditional banking with modern technology. This financial institution prides itself on offering a friendly customer service experience while maintaining a dedication to its community. With close to $2 billion in assets, it continues to innovate and expand its service offerings.

Frequently Asked Questions

What is the essence of the AssetMark and Cheetah collaboration?

The partnership focuses on integrating advanced technology solutions to enhance wealth management, drive growth, and improve operational efficiency for financial institutions.

What benefits has First State Bank experienced from this integration?

First State Bank has reported significant operational improvements, increased new account generation, and a stronger focus on service delivery due to streamlined processes.

How does the technology from AssetMark and Cheetah work together?

Cheetah’s automation and data management capabilities combine with AssetMark's wealth management expertise to create a comprehensive solution that enhances client experience and efficiency.

Why is this partnership impactful for the wealth management industry?

This collaboration sets new standards for trust and wealth management by enabling financial institutions to expand their service offerings and improve client engagement strategies.

How long has AssetMark been in the industry?

AssetMark has been operational since 1996, providing innovative solutions to financial advisors and serving a robust client base across the nation.

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