AssetMark Rolls Out New Retirement Business

The new solution aims to help advisers provide smaller plans with a “big plan experience.”

AssetMark, an investment and consulting solutions provider, has rolled out a new retirement business aimed at advisers serving small plans. The firm says its solution provides access to a curated lineup of institutional quality mutual funds and portfolio models traditionally available to only larger retirement plans.

“Advisers are always looking for ways to differentiate themselves, especially in today’s competitive market,” says Cathy Clauson, SVP of Retirement Solutions at AssetMark. “With our new retirement offer, advisers will be able to expand their offering and drive business growth by building out an institutional quality retirement practice.”

AssetMark also bundles recordkeeping and administrative services, eliminating the need for advisers and plan sponsors to negotiate with multiple partners. The firm also says its strategy to select and monitor investments is designed to offer fiduciary protection.  

“Our goal is to help advisers expand their service offering so that they can consult on their clients’ business and personal financial needs and become indispensable partners,” says Natalie Wolfsen, EVP and chief commercialization officer at AssetMark.