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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.

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


Mentioned in this article:

Vestmark
Portfolio Management System
Top Executive: Michael Blundin



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