News, Vision & Voice for the Advisory Community


Fresh off IPO, AssetMark bumps Charles Goldman's pay 47%, but the AssetMark CEO had good news for his employers, too

After 2018 slowed a bit, the Concord, Calif.-based firm's growth rate picked up in first six months of 2019 and the firm has its star CEO locked up now for three years

Author By Lisa Shidler August 29, 2019 at 4:33 PM
no description available
Charles Goldman: In 2018, advisers received 67% of their total revenue from fees, up from 40% in 2013

Related Moves

AssetMark suddenly parts ways with president/CEO Charles Goldman; protégé Natalie Wolfsen named CEO; Michael Kim president

AssetMark chairwoman Xiaoning Jiao provided no details, faint praise for Goldman amid his unexpected departure, but was effusive over Wolfsen appointment.

February 24, 2021 at 3:31 AM

Orion names 'left-brained' Natalie Wolfsen as CEO to replace Eric Clarke, and AssetMark, which synchronized its announcement, hires Michael Kim as her replacement

Orion Chairman Charles Goldman again lures his protege to self-replace, while Michael Kim was 'integral to AssetMark’s record financial performance over the past several years'

September 8, 2023 at 11:58 PM

Cetera hiring Mike Durbin as CEO -- overseeing its existing 'CEO' -- completes Genstar's stellar HR week after it put Charles Goldman atop Orion's board -- with 'exponential' growth in mind for the 'middle market' companies

The Los Angeles broker-dealer nabbed the Fidelity legend to take its $118-billion AUM and 8,000 advisors higher, just as Orion -- also majority owned by Genstar -- makes a similar move.

May 18, 2023 at 1:46 AM

Jeff Spears

Jeff Spears

August 30, 2019 — 1:01 PM
It is refreshing to read about Charles' success. It is the anti Wall Street CEO positioning as are the target clients with less than $250 million. Wall Street seems to be pushing these advisors out or encouraging them to partner with larger assets. We will see whose approach works better long term. My bet is on Charles!
Charlie Latimer

Charlie Latimer

September 28, 2019 — 5:00 AM
The first time I saw Charles Goldman, I was new at Schwab and he was presenting at the company’s annual sales offsight. I’ll never forget his entrance on the stage with some cool song and he did the robot! He had me there, lol, but then delivered an inspiring speech that only leaders can do. He was always destined for a higher purpose. Hats off, from one Charlie to another! Interestingly, I truly never met a Charlie that I didn’t like!! I can live with that. Cheers

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo