Retirement Industry People Moves

The Retirement Advantage hires veteran financial professional, while AssetMark will acquire Adhesion Wealth.

By DJ Shaw

The Retirement Advantage Hires Veteran Financial Professional

The Retirement Advantage Inc. has announced the addition of Robert Dolin to the firm’s regional sales consulting team. Dolin will provide retirement plan consulting services in both North and South Carolina and will report to Darin Erdmann, TRA’s national sales manager.

Dolin joins TRA from Nationwide, where he served as a regional vice president. He will partner with financial advisers and recordkeeping partners to assist them in designing and implementing optimal retirement plan designs for businesses of all sizes.

Dolin recently retired from Nationwide but wanted to continue to work with the adviser community for a few more years. He has over 30 years of experience and has held several sales, consulting and leadership roles with Nationwide.

Dolin has his Accredited Investment Fiduciary and PLANSPONSOR Retirement Professional designations. He resides in Charlotte, North Carolina.

AssetMark to Acquire Adhesion Wealth

AssetMark Financial Holdings Inc. has announced it has reached an agreement with Vestmark to acquire Adhesion Wealth, a provider of wealth management technology solutions to registered investment advisers, RIA enterprises and asset managers.

Adhesion’s platform enables over 2,800 fee-based advisers across 180 RIAs to deliver better investor outcomes while growing their practices by providing outsourced overlay trading services, client engagement technologies and managed account programs.

The acquisition delivers value-added services and solutions to AssetMark’s existing offering, including personal and direct indexing, tax transition, portfolio administration, practice analytics and client reporting.

Post-close, Adhesion Wealth will continue to offer an open marketplace of modular solutions, complementing AssetMark’s fully bundled capabilities and services designed for RIAs and delivered through AssetMark Institutional. Both Adhesion and AssetMark will continue to leverage Vestmark’s technology to support their platforms.

The transaction is expected to close in the second half of 2022, subject to customary closing conditions. Terms of the deal were not disclosed.

ECHELON Partners is serving as the adviser to Adhesion Wealth and Vestmark, while Broadhaven Capital Partners, LLC is serving as the adviser to AssetMark.