GTCR Closes on Acquisition of AssetMark

AssetMark has been delisted from the public markets and appointed Lou Maiuri, former president of State Street Bank, as chairman and group CEO of AssetMark Financial Holdings.

AssetMark Financial Holdings, Inc. is a financial services company that provides investment management and consulting services primarily to financial advisors and their clients.

Founded in 1996 and headquartered in Concord, California, AssetMark offers a range of solutions, including investment strategies, portfolio management, and technology platforms to support financial advisors in managing their clients' assets.

The company's services are designed to help financial advisors deliver customized investment solutions, streamline their operations, and enhance their client relationships. AssetMark’s offerings often include access to a broad range of investment products, as well as tools and resources to assist with financial planning and client communication.

In recent years, AssetMark has grown both organically and through acquisitions, expanding its capabilities and market presence. The company went public in 2019, trading under the ticker symbol “AMK” on the New York Stock Exchange