AssetMark Financial Holdings Inc.

09/07/2021 | Press release | Archived content

AssetMark Adds SMAs to Advisor Platform

What You Need to Know

  • The new SMAs were designed to help advisors meet the changing needs of their clients, AssetMark says.
  • AssetMark will continue to expand its product suite in response to market demands, it says.
  • The company had $84.6 billion in platform assets as of June 30.

AssetMark launched a suite of separately managed accounts for advisors on its turnkey asset management platform and said it plans to continue expanding its product suite to meet market demand.

The SMAs were designed to 'help advisors tailor portfolios for their clients' and include a wide selection of asset classes, investment styles and asset managers, the company said Tuesday, noting it had $84.6 billion in platform assets as of June 30.

'AssetMark had a handful of SMAs prior to 2017 and saw limited use at that time,' a company spokeswoman told ThinkAdvisor. 'This new SMA suite was developed based on market research and advisor demands to offer an expanded selection. It is also integrated with the rest of the investment solutions on the platform and competitively priced.'

Included in the new suite are 12 SMAs from 10 investment managers, 'many of whom are new' to the AssetMark platform, including Acadian, Edge, Hartford and Logan, according to AssetMark. FranklinTempleton has been a sub-advisor only until now, the spokesperson said.

The 12 SMAs are: Large Cap Core (Hartford Core Equity), Large Cap Value (J.P. Morgan U.S. Value), Large Cap Growth (William Blair Large Cap Growth), Dividend Equity (BlackRock Equity Dividend and Edge Equity Income), International ADR (Acadian International ADR Non-U.S. Equity and Capital Group International Equity), Global (Cap Group Global Equity), Global Growth (Capital Group Global Growth Equity and Logan Global Growth), and Thematic (Franklin Templeton DynaTech and Neuberger Berman Disrupters Portfolio).