CONCORD, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) — AssetMark (NYSE: AMK), a number one wealth administration platform for monetary advisors, right this moment introduced the growth of its Money Options suite with the addition of FDIC-insured certificates of deposit (CD Plus) and bought Money Market Funds (MMFs). This strategic initiative enhances AssetMark’s present choices, empowering advisors to capitalize on the estimated $8 billion share of pockets alternative inside the wealth shopper money holding area, as recognized by AssetMark’s evaluation.
Money is a essential part of any sound monetary plan, but it has typically been missed, mentioned David McNatt, EVP, Head of Funding Options at AssetMark. With elevated rates of interest for the primary time in many years, AssetMark Money Options gives advisors a compelling worth proposition to assist shoppers capitalize on this surroundings and enhance their quick and long-term monetary outcomes. By integrating money administration into the wealth planning dialog, advisors can exhibit their strategic worth and strengthen shopper relationships.
AssetMark Money Options suite transcends conventional price procuring by equipping advisors with compelling merchandise, skilled steering, and sturdy assets obligatory to interact in consultative conversations about shoppers’ short-term funding wants and objectives. AssetMark newly launched CD Plus gives FDIC insurance coverage protection on multi-million-dollar money balances, aggressive charges, versatile phrases, and handy account administration, enabling shoppers to avoid wasting smarter. Mixed with the current launch of bought cash market funds and a set of present money and short-term liquidity merchandise, AssetMark is enabling advisors to create customized options that meet their shoppers’ wants throughout totally different return, danger, and liquidity profiles.
AssetMark Money Options empowers advisors to boost shopper outcomes by bettering portfolio diversification, managing money move, and optimizing short-term funding objectives. Advisors can leverage traditionally excessive rates of interest to probably generate greater returns on money holdings in comparison with conventional financial savings accounts. Moreover, offering numerous and personalised money administration options can entice new shoppers looking for a holistic method to wealth planning.
That is for informational functions solely, just isn’t a solicitation, and shouldn’t be thought-about funding, authorized, or tax recommendation. Buyers looking for extra data ought to seek the advice of with their monetary advisor.
Investments aren’t FDIC insured, not financial institution assured, and may lose worth.
Investing includes danger, together with the potential lack of principal. Previous efficiency doesn’t assure future outcomes.
About AssetMark
AssetMark operates a wealth administration platform that powers unbiased monetary advisors and their shoppers. Along with our associates Voyant and Adhesion Wealth, we serve advisors of all fashions at each stage of their journey with versatile, purpose-built options that champion shopper engagement and drive effectivity. Our ecosystem of options equips advisors with providers and capabilities that may in any other case require vital investments of money and time, in the end enabling them to ship higher investor outcomes and improve their productiveness, profitability, and shopper satisfaction.
Based in 1996 and based mostly in Harmony, California, the corporate has over 1,000 staff. At present, the AssetMark platform serves over 9,200 monetary advisors and over 261,000 investor households. As of June 30, 2024, the corporate had $119.4 billion in platform belongings.
Contacts
Buyers:
Taylor J. Hamilton, CFA
Head of Investor Relations
[email protected]
Media:
Vesselina Davenport
Supervisor, PR & Communications
[email protected]
