AssetMark (AMK) & Morningstar Wealth Form Strategic Alliance [Yahoo! Finance]
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: Yahoo! Finance
MORN. The transaction, approved by the board of directors of both companies, is expected to be closed in the second half of 2024, subject to regulatory approvals. AssetMark will acquire roughly $12 billion in assets from Morningstar Wealth Turnkey Asset Management Platform ("TAMP") as part of the alliance. AssetMark's platform, which offers top-tier service, advisor technology, business consulting and a diligently selected group of investment strategists, will be accessible to financial advisors and clients on Morningstar Wealth's TAMP. Further, AssetMark's financial advisors will gain access to a broad range of model portfolios and separately managed accounts managed by the investment management team of Morningstar, having more than $290 billion of assets under management and advisement worldwide. Morningstar Wealth will integrate into AMK's platform as a third-party strategist and continue broadening its investment services range. Michael Kim, CEO of AssetMark, said, “This rel
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AMK
News
- UBS Group (UBS) Forms GWM Solutions to Transform Wealth Unit [Yahoo! Finance]Yahoo! Finance
- Midcap Financial (MFIC) Merger Gets CEF Stockholders' Approval [Yahoo! Finance]Yahoo! Finance
- AssetMark to Enter Strategic Alliance with Morningstar Wealth, Acquire Assets from TAMP BusinessGlobeNewswire
- May AMK ReportGlobeNewswire
- ASSETMARK INVESTOR ALERT: Public Equity Buyout May Be Unfair To Shareholders; Block & Leviton Urges Shareholders To Contact The Firm To Understand Their RightsAccesswire
AMK
Earnings
- 5/1/24 - Beat
AMK
Sec Filings
- 6/20/24 - Form 8-K
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- AMK's page on the SEC website