CONCORD, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) — AssetMark (NYSE: AMK), the main wealth administration platform for monetary advisors, right now introduced the growth of its suite of money options with the addition of FDIC-insured certificates Deposit (CD Plus) and purchase cash market funds (MMF). This strategic transfer enhances AssetMark’s present choices and permits advisors to faucet into an estimated $8 billion pockets alternative within the wealth shopper money holding area, in keeping with AssetMark’s evaluation.
Money is a crucial a part of any sound monetary plan, however it’s usually neglected, stated David McNatt, govt vice chairman and head of funding options at AssetMark. With rates of interest rising for the primary time in a long time, AssetMark Money Options gives advisors with a compelling worth proposition to assist purchasers make the most of this setting and enhance their short- and long-term monetary outcomes. By integrating money administration into wealth planning conversations, advisors can display the worth of their methods and strengthen shopper relationships.
The AssetMark suite of money options goes past conventional fee choice to supply advisors with compelling merchandise, skilled steerage and the highly effective sources they should have interaction in advisory conversations about their purchasers’ short-term financing wants and objectives. AssetMark’s new CD Plus provides FDIC insurance coverage for thousands and thousands of {dollars} in money balances, with aggressive charges, versatile phrases and handy account administration, permitting prospects to avoid wasting smarter. Mixed with the not too long ago launched buy of cash market funds and an present suite of money and short-term liquidity merchandise, AssetMark permits advisors to create personalized options to fulfill shopper wants throughout various return, danger and liquidity wants.
AssetMark Money Options permits advisors to enhance shopper outcomes by bettering portfolio diversification, managing money circulation and optimizing short-term funding goals. Advisors can make the most of traditionally excessive rates of interest to doubtlessly generate larger returns on money in comparison with conventional financial savings accounts. Moreover, providing numerous and customized money administration options can entice new purchasers in search of a holistic method to wealth planning.
That is for informational functions solely, will not be a solicitation, and shouldn’t be thought of funding, authorized or tax recommendation. Traders searching for additional info ought to seek the advice of their monetary advisor.
Investments are usually not FDIC insured, not financial institution assured, and will lose worth.
Investing includes dangers, together with attainable lack of principal. Previous efficiency is not any assure of future outcomes.
About AssetMark
AssetMark operates a wealth administration platform that helps unbiased monetary advisors and their purchasers. Along with our associates Voyant and Adhesion Wealth, we offer advisors of all fashions with versatile, specialised options at each stage of their journey to help shopper engagement and enhance effectivity. Our ecosystem of options gives advisors with providers and capabilities that will in any other case require a major funding of money and time, finally enabling them to ship higher investor outcomes and enhance their productiveness, profitability and shopper satisfaction.
Based in 1996 and headquartered in Harmony, California, the corporate has greater than 1,000 workers. Right this moment, the AssetMark platform serves greater than 9,200 monetary advisors and greater than 261,000 investor households. As of June 30, 2024, the corporate had $119.4 billion in platform property.
Contact info
investor:
Tyler J. Hamilton, CFA
Investor Relations Supervisor
InvestorRelations@assetmark.com
media:
Veselina Davenport
PR and Communications Supervisor
Vesselina.Davenport@assetmark.com
