UBS Group (UBS) Forms GWM Solutions to Transform Wealth Unit [Yahoo! Finance]
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: Yahoo! Finance
This was disclosed in an internal memo by Rob Karofsky and Iqbal Khan, the unit's new co-leaders according to Reuters. The bank has announced that starting from Jul 1, 2024, it will establish a new division known as GWM Solutions to consolidate different products for clients. The new unit will offer services, including investment management, lending, family and institutional wealth management and alternative investments. Its operations will be run by Yves-Alain Sommerhalder — a previous Credit Suisse executive. This new unit will have alternative products from both its wealth and asset management businesses, including real estate and private market investments. In a separate memo, the bank stated that it was establishing a unit called Unified Global Alternatives, which would bring some of its alternative asset-management products closer to its wealth business. Citing a Reuters report from May, UBS planned to incorporate parts of its asset-management unit into its broader wealt
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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