AssetMark Completes Acquisition of Aris Corporation of America

CONCORD, Calif., Jan. 5, 2015 /PRNewswire/ -- AssetMark, Inc. announced today that on December 31, 2014 it completed its acquisition of Aris Corporation of America and its subsidiaries ("Aris"). With the close, Aris is a subsidiary of AssetMark Financial.

Through integration efforts over the course of 2015, advisors working with Aris will have access to the breadth and depth of AssetMark's innovative investment solutions and other back-office and consulting services. Likewise, advisors currently working with AssetMark will have access to private wealth management, retirement solutions and purpose-based portfolio strategies from Aris after integration plans are complete.

For more about Aris, please visit: https://www.ariscorporation.com.

"With the upcoming integration of Aris to the AssetMark platform, advisors will be able to access an expanded range of strategies, including customized portfolios where we've seen tremendous interest," said Charles Goldman, President and CEO of AssetMark. "These new capabilities will complement our existing lineup of investment and consulting solutions and deliver on our commitment to providing advisors with the choices, flexibility and support they need to build long-term relationships with clients."

"AssetMark's platform is designed to offer advisors a broad set of solutions to address diverse client investment objectives and preferences," said Jerry Chafkin, Chief Investment Officer at AssetMark. "The addition of Aris to our investment platform provides advisors with access to wealth management solutions for a broader range of clients, supported by AssetMark's robust investment, relationship and practice management expertise."

Aris brings $1.7 billion in assets under management and approximately 600 advisors to AssetMark, which now has approximately $25 billion in total assets on the platform.

"We look forward to establishing rewarding relationships with AssetMark's exceptional advisors, while introducing the company's industry-leading platform and capabilities to those who have been working with us for years," said John Battaglia, Jr., Aris President and CEO. "This new alignment represents a win-win for all involved."

About AssetMark, Inc.

AssetMark, Inc. is an independent provider of innovative investment and consulting solutions serving financial advisors. AssetMark provides investment, relationship and practice management solutions that advisors utilize in helping clients achieve their investment objectives and life goals. The firm has approximately $25 billion in assets on its platform and a history of innovation spanning more than 20 years. AssetMark works in collaboration with independent advisors who make a difference in the lives of their clients. AssetMark Financial, Inc. is the holding company and the acquiring entity. For more information, visit www.assetmark.com and follow @AssetMark on Twitter: https://twitter.com/AssetMark.

MEDIA CONTACT:
Dana Taormina
Jennifer Connelly Public Relations
(973) 850-7305
[email protected]

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SOURCE AssetMark, Inc.

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