AssetMark Acquires Adhesion Wealth


January 9, 2023

On December 19, 2022, AssetMark Financial Holdings, Inc. announced the acquisition of Adhesion Wealth Advisor Solutions, Inc.

Under the terms of the transaction, AssetMark Financial Holdings, Inc. (“AssetMark”) acquired Adhesion Wealth Advisor Solutions, Inc. (“Adhesion Wealth”). AssetMark acquired a total of $7.2 billion in billable assets. Further, Adhesion Wealth will continue to operate as a separate brand for the foreseeable future. Other terms of the deal were not disclosed.

AssetMark, based in Concord, California, is a registered investment advisor that offers is a wealth management and technology solutions. AssetMark had over $90 billion in platform assets as of March 31, 2022. Echelon Partners advised AssetMark on the transaction.

Adhesion Wealth, based in Charlotte, North Carolina, is an investment management firm with over $9 billion in assets under management.

To read the press release: please click here.

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