AssetMark partners with Refinitiv to address evolving needs of financial advisors

By Pavithra R

Refinitiv, a leading provider of financial markets data and infrastructure, has announced a new partnership with AssetMark, a leading provider of extensive wealth management and technology solutions, to bring added resource, innovation and scale to AssetMark through the Refinitiv BETA platform.

The collaboration demonstrates Refinitiv’s commitment to the Wealth Management industry by supporting AssetMark’s mission to evolve its solutions and services to meet the volatile needs of financial advisors and their investor clients.

“We’re delighted to be working with AssetMark, a leading TAMP (Turnkey Asset Management Program) provider, to deliver the comprehensive resources that allow them to continue expanding the breadth and depth of their platform. AssetMark understands it isn’t just about helping advisors grow, but also about creating a better outcome for investors, a mantra that informs every aspect of our work together,” said Joe Mrak, Global Head of Wealth Management at Refinitiv.

The alliance is expected to enable AssetMark in offering an improved client experience and technology to drive scale for both AssetMark and its financial advisor clients. The AssetMark platform is an integrated suite of products and services enabling advisors to streamline key asset management and business processes which would otherwise require significant investments of time and money.

“Providing value at AssetMark means always looking for opportunities to enhance the financial advisor’s ability to serve clients more efficiently and effectively. As AssetMark grows to support advisors’ own growth trajectories, it’s important that we align with established, proven organizations like Refinitiv that can support our larger effort to continue innovating and optimizing our platform for an unrivalled real-time experience,” said Gaurav Auditya, Senior Vice President at AssetMark.

Refinitiv’s wealth management solutions provide seamless integration across the front, middle, and back-office workflows. It’s BETA Securities Processing and Custody Solution is a comprehensive set of tools that enable automated straight-through processing, allowing firms to focus on client relationships. It automates critical transaction processing requirements of wealth managers, brokers, and investment banks.

Founded in 2018, Refinitiv provides information, insights, and technology that drive innovation and performance in global financial markets. According to company data, the FinTech serves more than 40,000 institutions in approximately 190 countries.