AssetMark Acquires OBS Financial
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
CONCORD, Calif., Sept. 30, 2019 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc., announced today that it has reached an agreement, through its subsidiary AssetMark Financial, with Canandaigua National Corporation to acquire OBS Financial, an established turnkey asset management platform delivering academically constructed, structured investment strategies to independent advisors, bank Trust officers and their clients, in an all-cash transaction. The transaction is expected to close in early 2020, subject to customary closing conditions. “AssetMark is dedicated to making a difference in the lives of advisors and their clients. This transaction helps us share the value of the AssetMark platform with advisors and bank Trust officers so they can build a better future for their clients, while also building a more successful business for themselves,” said Charles Goldman, President and CEO of AssetMark. “This acquisition will help us expand our base of independent advisors an
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