Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor
Hands pointing at charts and graphs

Technology > Investment Platforms

AssetMark Adds Morningstar Wealth as Third-Party Strategist

X
Your article was successfully shared with the contacts you provided.

The wealth management technology provider AssetMark has added Morningstar Wealth as a third-party strategist on its platform.

The launch will enable financial advisors working with AssetMark to access a range of model portfolios and separately managed accounts, according to the announcement, with the addition coming about three months after AssetMark said it would acquire $12 billion in assets from Morningstar Wealth’s turnkey asset management platform.

“Adding these strategies to AssetMark’s platform is the latest step in our mission to empower advisors with the necessary resources and tools to best serve their clients, and another pivotal moment in our ongoing collaboration with Morningstar,” said David McNatt, executive vice president of investment solutions for AssetMark.

Among the newly available strategies for advisors working with AssetMark are Morningstar equity SMAs, which employ a valuation-driven approach to investing across market capitalization levels and global geographies, as well as Morningstar exchange-traded fund models focused on growth, income and risk alignment with investors’ goals.

Additionally, advisors will be able to access both passive and active models from Morningstar, covering strategies across different risk tolerances and tax sensitivities.

“Advisors are central to our mission of empowering investor success, and since announcing our collaboration in June, we have been looking forward to making our comprehensive and diversified strategies available to more advisors through the AssetMark platform,” added Daniel Needham, president of Morningstar Wealth.

As of June, the AssetMark platform serves over 9,200 financial advisors and over 261,000 investor households with a combined $119 billion in platform assets.

Credit: Adobe Stock


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.