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Vestmark sells Adhesion to AssetMark after quickly (nearly) tripling the 'RIA' unit's AUM, but AssetMark will plow cash into an upgrade

The Concord, Calif. company announced the deal for the Charlotte, N.C., UMA provider and direct-indexing vendor amid sinking markets.

Wednesday, June 15, 2022 – 12:40 AM by Brooke Southall
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Barrett Ayers: 'Joining AssetMark allows us to ... advance our investments in new capabilities.'

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Vestmark
Portfolio Management System
Top Executive: Michael Blundin




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