AssetMark (NYSE: AMK) today announced it will offer CIBC Private Wealth investment management services and wealth planning expertise on the AssetMark platform to support financial advisors in serving the complex needs of high-net-worth and ultra-high-net worth clients.
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CIBC Custom Portfolios offer tailored investment solutions, holistic wealth planning and high-touch service to support advisors and their clients, whether they’re designing a plan for managing family wealth, creating effective philanthropy strategies, or planning a business transition. CIBC Custom Portfolios are invested in a mix of equities, bonds, and opportunistic strategies, and designed to deliver strong, risk-adjusted returns.
AssetMark advisors and their clients will have access to a team of experienced CIBC Private Wealth Relationship Managers and Wealth Strategists who can help advisors demystify complexity and present clients with customized wealth plans. This custom investment management and comprehensive wealth planning solution is competitively priced and accessible for wealthy individuals and families.
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“We are excited for this new collaboration with CIBC Private Wealth that expands the breadth of AssetMark’s high-net-worth solutions, delivering access to customized multi-asset class portfolios and deep wealth expertise that supports our community of advisors,” said David McNatt, SVP, Product Strategy, Development and Management at AssetMark. “The addition of CIBC custom portfolios builds upon AssetMark’s recent platform enhancements designed to provide advisors with customized solutions to meet the expanding needs of high-net-worth investors, including a streamlined securities-backed lending program1 and diversifying and tax-aware strategies to help preserve capital.”
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