AssetMark, which provides investment, relationship and practice management for financial advisory firms, has launched a new product for advisors working with retirement plans whose assets total $25 million or less.
AssetMark Retirement Services combines recordkeeping, administration and asset management in one offering and includes lower-priced institutional-quality mutual funds and portfolio models that many smaller plans don’t have access to, according to AssetMark.
The product is built on the chassis of Aris Corp. of America, a retirement plan and asset accounting provider that AssetMark acquired in early 2015, adding scale, updated technology and a more robust and price-competitive investment lineup, says Cathy Clauson, senior vice president of Retirement Solutions at AssetMark.