AssetMark, which provides investment, relationship and practice management for financial advisory firms, has launched a new product for advisors working with retirement plans whose assets total $25 million or less.
AssetMark Retirement Services combines recordkeeping, administration and asset management in one offering and includes lower-priced institutional-quality mutual funds and portfolio models that many smaller plans don't have access to, according to AssetMark.
The product is built on the chassis of Aris Corp. of America, a retirement plan and asset accounting provider that AssetMark acquired in early 2015, adding scale, updated technology and a more robust and price-competitive investment lineup, says Cathy Clauson, senior vice president of Retirement Solutions at AssetMark.
"With our new retirement offer, advisors will be able to expand their offering and drive business growth by building out an institutional quality retirement practice," says Clauson.
