Assetmark, INC.
Assets Under Management
$77.4B
Number of Clients
410,747
Number of Advisors
174
Average Client AUM
$188K
AUM per Advisor
$444.9M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
AssetMark, through its AssetMark Retirement Services (AMRS) division, offers investment advisory services to defined contribution retirement plans qualified under IRC Section 401(k) and IRC Section 403(b) Client Plans. They develop and maintain Investment Alternatives, including individual funds and Managed Accounts Solutions. AssetMark also provides asset allocation services to participants of 403(b) plans where Fidelity Institutional Wealth Services or TIAA CREF is an authorized provider.
Fee Structure
AssetMark charges an Investment Advisory Fee comprised of a Financial Advisor Fee and a Platform Fee, based on a percentage of assets in the account. Fees are billed quarterly in advance or in arrears based upon the previous quarter-end values. Fee rates are subject to negotiation. For the Pooled Employer Plan, advisory fee rates are specified in each participating employer’s CSA or IMSA, however, the tiers applicable to the fee percentages for a participating employer are based on the aggregate total of all participating PEP assets, rather than the assets attributable to the employees of the participating employer. There is no minimum account size. For Screened Portfolios used for 403(b) advisory services in conjunction with the Asset Builder service, the minimum fee is $225 and the remainder of the Asset Builder fee schedule applies.
Areas of Practice
Location
1655 Grant Street, 10th Floor, Concord, CA, 94520-2445