Aris offers advisors a range of asset management services that include private wealth management, retirement solutions and purpose-based portfolio strategies. Once the purchase closes, Aris will continue to focus its efforts on developing, managing, and enhancing existing and new products that are designed to serve key client objectives.

“Our decision to purchase Aris is an example of our commitment to offering advisors more comprehensive services in areas where their clients have expressed a high level of interest,” said Charles Goldman, President and CEO of AssetMark. “Acquisitions like this one are an important part of our strategy to continuously enhance our platform.”

Aris will operate as a division of AssetMark. Advisors will see Aris as an investment choice alongside the other portfolio strategists offered through AssetMark’s innovative investment platform.

“The addition of Aris will provide our advisors an expanded set of attractive asset management capabilities and will allow them to refine the solutions they deliver to meet key needs of clients with specific portfolio preferences and objectives,” said Jerry Chafkin, Chief Investment Officer at AssetMark. “The unique asset management, retirement and purpose-based solutions offered by Aris complement our existing lineup and are attractive to advisors looking to expand their offering to clients.”

Aris has $1.7 billion in assets under management, serves approximately 600 advisors and has 49 employees. After the closing, which is targeted for December 31, 2014, AssetMark will have approximately $25 billion in total assets on the platform.

“We are excited to introduce our capabilities to a broader group of financial advisors through AssetMark,” said John Battaglia, Jr., Aris President and CEO. “Advisors working with us will have the same level of service they’ve come to expect and will work with the investment and relationship team members they already know, while enjoying the benefits of AssetMark’s exceptional platform and capabilities.”

About Aris Corporation of America

Aris, headquartered in State College, Pennsylvania, serves financial advisors and their clients with integrated wealth, retirement and trust service solutions for businesses, municipalities, non-profit organizations and high-income/high net-worth individuals.

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 $23 billion in assets on its platform and a history of innovation spanning over 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:
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JCPR
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SOURCE AssetMark, Inc.