Brooke Southall

Excellent reporting on a developing story in the TAMP world. Surprised to see the Parent Co. wanting to unload the whole thing but never fully understood their motivations for buying a majority stake in the first place.
AMK is a solid bellweather organization many would argue the market leader among turnkey platforms and they sport better margins than some of the large RIA Aggregators.
It will be interesting to see if there is a private equity buyer that is interested and if so what/how they believe they can do to to grow and improve the performance of AssetMark from here forward.

Keith Girard

Huatei Securities is ready to cash out of AssetMark, after it hits $100-billion of AUM and $2-billion in market cap, according to reports

AssetMark

Huatai Securities

Outsourced investments are one of the fastest-growing categories in the financial advisory world. Perched between
the asset custodian and the financial advisor, these (mostly) turnkey asset management programs can handle all or a 
portion of their investing, technology and fiduciary duties.

Advocates of using these TAMPs point to how it's better for the advisor because it frees up more time to spend with clients and prospects. It's also better for clients because the duties are being handled by specialized professionals who benefit from economies of scale.

Skeptics say that it adds a layer of cost and takes away an element of control from the advisors in executing according to a client's financial plan.

TAMPs

The Chinese financial conglomerate may unload all of the $1.4-billion stake it bought for $768 million in 2016

Huatei Securities is ready to cash out of AssetMark, after it hits $100-billion of AUM and $2-billion in market cap, according to reports

Marcus

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Huatei Securities is ready to cash out of AssetMark, after it hits $100-billion of AUM and $2-billion in market cap, according to reports

Marcus

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