AssetMark Launches Morningstar Wealth Investment Strategies for Financial Advisors
AssetMark (AMK) has announced the addition of Morningstar Wealth as a third-party strategist on its platform, offering financial advisors access to a wide range of model portfolios and separately managed accounts (SMAs). This launch is part of the firms' strategic collaboration, following AssetMark's agreement to acquire approximately $12 billion in assets from Morningstar Wealth's Turnkey Asset Management Platform (TAMP) in June 2024.
The new strategies include Morningstar Equity SMAs, ETF Models, and Active/Passive Models, designed to meet diverse investor needs. Morningstar Wealth's Investment Management team manages approximately $316 billion in assets globally. This addition aims to empower advisors with more resources and tools to serve their clients effectively.
AssetMark (AMK) ha annunciato l'aggiunta di Morningstar Wealth come stratega terzo sul suo portale, offrendo ai consulenti finanziari l'accesso a un'ampia gamma di portafogli modello e conti gestiti separatamente (SMA). Questo lancio fa parte della collaborazione strategica delle aziende, a seguito dell'accordo di AssetMark per acquisire circa 12 miliardi di dollari in attivi dalla piattaforma di gestione patrimoniale Turnkey di Morningstar Wealth (TAMP) a giugno 2024.
Le nuove strategie includono Morningstar Equity SMAs, ETF Models, e Modelli Attivi/Passivi, progettate per soddisfare le diverse esigenze degli investitori. Il team di gestione degli investimenti di Morningstar Wealth gestisce circa 316 miliardi di dollari in attivi a livello globale. Questa aggiunta mira a fornire ai consulenti più risorse e strumenti per servire i propri clienti in modo efficace.
AssetMark (AMK) ha anunciado la incorporación de Morningstar Wealth como un estratega externo en su plataforma, ofreciendo a los asesores financieros acceso a una amplia gama de carteras modelo y cuentas administradas por separado (SMAs). Este lanzamiento es parte de la colaboración estratégica entre las firmas, tras el acuerdo de AssetMark para adquirir aproximadamente 12 mil millones de dólares en activos de la plataforma de gestión de activos Turnkey de Morningstar Wealth (TAMP) en junio de 2024.
Las nuevas estrategias incluyen Morningstar Equity SMAs, Modelos ETF, y Modelos Activos/Pasivos, diseñadas para satisfacer las diversas necesidades de los inversores. El equipo de gestión de inversiones de Morningstar Wealth administra aproximadamente 316 mil millones de dólares en activos a nivel mundial. Esta incorporación tiene como objetivo empoderar a los asesores con más recursos y herramientas para atender a sus clientes de manera efectiva.
AssetMark (AMK)는 Morningstar Wealth를 플랫폼의 제3자 전략가로 추가했다고 발표하며, 재무 상담사에게 모델 포트폴리오 및 별도 관리 계좌(SMA)에 대한 폭넓은 접근을 제공합니다. 이번 출시는 AssetMark가 2024년 6월 Morningstar Wealth의 턴키 자산 관리 플랫폼(TAMP)에서 약 120억 달러의 자산을 인수하기로 한 협약에 따른 전략적 협력의 일환입니다.
새로운 전략에는 Morningstar Equity SMA, ETF 모델 및 능동/수동 모델이 포함되어 있으며, 다양한 투자자 요구에 맞춰 설계되었습니다. Morningstar Wealth의 투자 관리 팀은 전 세계적으로 약 3160억 달러의 자산을 관리하고 있습니다. 이러한 추가는 상담사가 고객에게 보다 효과적으로 서비스를 제공할 수 있도록 더 많은 자원과 도구를 제공하는 것을 목표로 합니다.
AssetMark (AMK) a annoncé l'ajout de Morningstar Wealth en tant que stratège tiers sur sa plateforme, offrant aux conseillers financiers un accès à une large gamme de portefeuilles modèles et de comptes gérés séparément (SMA). Ce lancement fait partie de la collaboration stratégique des entreprises, suite à l'accord d'AssetMark pour acquérir environ 12 milliards de dollars d'actifs de la plateforme de gestion d'actifs Turnkey de Morningstar Wealth (TAMP) en juin 2024.
Les nouvelles stratégies incluent Morningstar Equity SMAs, Modèles ETF et Modèles Actifs/Passifs, conçues pour répondre aux besoins divers des investisseurs. L'équipe de gestion des investissements de Morningstar Wealth gère environ 316 milliards de dollars d'actifs dans le monde entier. Cet ajout vise à donner aux conseillers plus de ressources et d'outils pour servir efficacement leurs clients.
AssetMark (AMK) hat die Hinzufügung von Morningstar Wealth als externen Strategen auf seiner Plattform bekannt gegeben und bietet Finanzberatern Zugang zu einer breiten Palette von Modellportfolios und separat verwalteten Konten (SMAs). Diese Einführung ist Teil der strategischen Zusammenarbeit der Unternehmen, nachdem AssetMark zugestimmt hat, etwa 12 Milliarden Dollar an Vermögenswerten von Morningstar Wealths Turnkey Asset Management Platform (TAMP) im Juni 2024 zu übernehmen.
Die neuen Strategien beinhalten Morningstar Equity SMAs, ETF-Modelle und aktive/passive Modelle, die entwickelt wurden, um den unterschiedlichen Bedürfnissen der Anleger gerecht zu werden. Das Investmentmanagement-Team von Morningstar Wealth verwaltet weltweit etwa 316 Milliarden Dollar an Vermögenswerten. Diese Ergänzung soll Berater mit mehr Ressourcen und Werkzeugen ausstatten, um ihren Kunden effektiv zu helfen.
- Addition of Morningstar Wealth strategies expands AssetMark's platform offerings
- Strategic collaboration with Morningstar Wealth, including $12 billion asset acquisition
- Access to Morningstar's Investment Management team with $316 billion AUMA globally
- Diverse range of new investment strategies added to meet various investor needs
- None.
The addition of Morningstar Wealth's strategies to AssetMark's platform is a strategic move that could enhance AssetMark's competitive position. While it's not directly impactful to financials, it broadens AssetMark's offering, potentially attracting more advisors and assets.
The collaboration, including the pending
Investors should monitor AssetMark's assets under management and client acquisition metrics in upcoming quarters to gauge the success of this partnership.
This partnership reflects a broader trend in the wealth management industry towards platform consolidation and expanded investment options. By integrating Morningstar's respected strategies, AssetMark is positioning itself as a one-stop-shop for financial advisors.
The diverse range of new strategies, including SMAs and ETF models, caters to the growing demand for personalized investment solutions. This move could help AssetMark capture a larger share of the $316 billion AUMA that Morningstar's Investment Management team oversees globally.
Long-term, this collaboration could strengthen AssetMark's brand reputation and market position, potentially leading to increased advisor loyalty and client retention.
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
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
“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.
“Advisors are central to our mission of empowering investor success, and since announcing our collaboration in June, we have been looking forward to making our comprehensive and diversified strategies available to more advisors through the AssetMark platform,” said Daniel Needham, President of Morningstar Wealth. “Our strategies draw on the best of Morningstar and are designed to help investors reach their financial goals.”
About AssetMark
AssetMark operates a wealth management platform whose mission is to help financial advisors and their clients. AssetMark, together with its affiliates AssetMark Trust Company, Voyant, and Adhesion Wealth Advisor Solutions, serves advisors at every stage of their journey with flexible, purpose-built solutions that champion client engagement and drive efficiency. Its ecosystem of solutions equips advisors with services and capabilities to help deliver better investor outcomes by enhancing their productivity, profitability, and client satisfaction.
With a history going back to 1996, AssetMark has over 1,000 employees, and its platform serves over 9,200 financial advisors and over 261,000 investor households. As of June 30, 2024, the Company had over
About Morningstar Wealth
Morningstar Wealth is a global organization dedicated to empowering both advisor and investor success. Our extensive range of offerings includes the Morningstar International Wealth Platform, model portfolios managed by the Morningstar Investment Management team (
*Includes AUMA for advisory services offered by certain Morningstar subsidiaries that are authorized in the jurisdictions in which they operate to provide investment management and advisory services
About Morningstar Inc.
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and private capital markets, financial advisors and wealth managers, asset managers, retirement plan providers and sponsors, and issuers of fixed-income securities. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately
Media Contacts:
AssetMark
Vesselina Davenport
Vesselina.Davenport@AssetMark.com
Morningstar Wealth
Stephanie Lerdall
newsroom@morningstar.com
FAQ
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