Investmentnews Email Newsletter: Assetmark strikes TAMP deal with Morningstar (June 25, 2024)

AssetMark to snap up multibillion-dollar TAMP business from Morningstar

The strategic alliance will see $12B in TAMP assets switch hands, with more advisors and clients gaining access to AssetMark’s industry-leading platform.

Expanded partnership will bring enhanced capabilities to leading managed accounts platform, including holistic portfolio management and a scaled-down option for small to mid-sized wealth firms.

The fintech giant says it’s easing fiduciary advisors’ back-office burden with bill generation and comparison tool, a platform redesign, and other enhancements.

The RIA’s new solution aims to help advisors make their planning more holistic by considering held-away 401(k) assets.

New data integration and direct linking to tax analysis results will allow more holistic planning conversations for advisor users.

RECENT COLUMNS

Who do you need to hire to grow your business?

If you believe recruiting other top business development people is the answer, you should think again.

FSI will work constructively with the regulator to find the best way forward, just as it did over residential supervisory location designations.

Financial advisors may be dragged through the muck when financing goes wrong.

Assetmark strikes TAMP deal with Morningstar

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