AssetMark Launches Morningstar Wealth Investment Strategies for Financial Advisors

A suite of new strategies added to AssetMark platform to help advisors serve their clients.

CONCORD, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- AssetMark, a leading provider of wealth management and technology solutions for financial advisors, announced the addition of Morningstar Wealth, a division of independent investing insights firm Morningstar, as a third-party strategist on the AssetMark Platform.

This launch will enable financial advisors currently working with AssetMark to access a wide range of model portfolios and separately managed accounts (“SMAs”) from the Morningstar Investment Management team which has approximately $316 billion of assets under management and advisement (“AUMA”) globally.

Today’s addition of the Morningstar Wealth strategies marks a further step in the firms' strategic collaboration. As announced in June 2024, AssetMark agreed to acquire approximately $12 billion in assets from Morningstar Wealth’s Turnkey Asset Management Platform (TAMP), with the transaction expected to close in late 2024.

“Morningstar has a long history of providing investors with industry-leading investment products and insights,” said David McNatt, EVP of Investment Solutions for AssetMark. “Adding these strategies to AssetMark’s platform is the latest step in our mission to empower advisors with the necessary resources and tools to best serve their clients, and another pivotal moment in our ongoing collaboration with Morningstar.”

Through this launch, AssetMark adds a suite of Morningstar Wealth strategies to its platform, providing its advisor clients with several new options to meet a diverse array of investor needs. The strategy types include:

• Morningstar Equity SMAs – Employing a valuation-driven approach to investing, seven SMA strategies cover various market capitalizations, both international and U.S., and are built for long-term growth.
• Morningstar ETF Models – Diversified core portfolios focused on growth, income, and risk alignment with investors' goals, investing primarily in diversified portfolios of domestic and international ETFs.
• Morningstar Active/Passive Models – Flexible strategies across different risk tolerances and tax sensitivities, which balance active and passive investments with the goal of helping investors achieve their goals.