{"id":509116,"date":"2021-07-01T16:18:42","date_gmt":"2021-07-01T20:18:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/assetmark-closes-on-the-acquisition-of-voyant\/"},"modified":"2021-07-01T16:18:42","modified_gmt":"2021-07-01T20:18:42","slug":"assetmark-closes-on-the-acquisition-of-voyant","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/assetmark-closes-on-the-acquisition-of-voyant\/","title":{"rendered":"AssetMark Closes on the Acquisition of Voyant"},"content":{"rendered":"
\n

CONCORD, Calif., July 01, 2021 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK), a leading provider of wealth management and technology solutions for financial advisors, today announced the completion of its acquisition of Voyant, a global provider of SaaS-based financial planning, wellness and client digital engagement solutions. Voyant serves more than 20,000 advisors across financial institutions and small advisor firms in the United Kingdom, Canada, Ireland, and the United States.<\/p>\n

\u201cWe are proud to welcome Voyant to the AssetMark family. The acquisition of Voyant is a meaningful step forward in advancing our ability to help investors achieve financial wellness and will create significant value for our advisors and our shareholders,\u201d said Natalie Wolfsen, CEO of AssetMark. \u201cVoyant\u2019s innovative financial planning technology will allow advisors worldwide to deepen their relationships with clients while also strengthening the broader AssetMark platform in the United States. Furthermore, we believe the deal will deliver financial benefits and long-term earnings diversification, as well as a runway for future growth.\u201d<\/p>\n

\u201cWe are excited to join AssetMark and look forward to leveraging the firm\u2019s deep experience and relationships, U.S. brand recognition, and strong financial position,\u201d said David Kaufman, CEO of Voyant. \u201cVoyant has a history of growth driven by our mission of helping advisors and clients achieve their long-term goals. Joining AssetMark will accelerate our progress with advisors and their clients.\u201d<\/p>\n

AssetMark acquired Voyant for approximately $145 million: a combination of $120 million in cash and 994,028 shares of AssetMark\u2019s common stock. The cash portion of the consideration was funded by $45 million of AssetMark\u2019s corporate cash plus $75 million from AssetMark\u2019s revolving credit facility.<\/p>\n

Voyant will be a wholly owned subsidiary of AssetMark. All Voyant employees will report to Voyant CEO David Kaufman, who will report to AssetMark CEO Natalie Wolfsen.<\/p>\n

Raymond James & Associates, Inc. served as exclusive financial advisor to Voyant in this transaction.<\/p>\n

\n About AssetMark Financial Holdings, Inc. <\/strong>\n <\/p>\n

AssetMark is a leading provider of extensive wealth management and technology solutions that power independent financial advisors and their clients. Through AssetMark, Inc., its investment adviser subsidiary registered with the U.S. Securities and Exchange Commission, AssetMark operates a platform that comprises fully integrated technology, personalized and scalable service, and curated investment platform solutions designed to make a difference in the lives of advisors and their clients.<\/p>\n

\n About Voyant<\/strong>\n <\/p>\n

Voyant is a leading global provider of financial planning solutions to enterprises, independent financial advisors and their clients.\u00a0Enterprise clients include Toronto-Dominion, Lloyds Bank, BMO, CIBC and others. With operations in the United States, United Kingdom, Canada, Ireland and Australia, Voyant\u2019s configurable and integrated offerings focus on the whole adviser lifecycle including client onboarding, collaborative financial planning, and self-service solutions for clients.\u00a0Voyant\u2019s solutions allow advisers to deliver a new level of value to their clients, by providing vision, expertise, and access.<\/p>\n

SOURCE: AssetMark Financial Holdings, Inc.<\/p>\n

\n Contacts <\/strong>
\n
Investors:
Taylor J. Hamilton, CFA
Head of Investor Relations
InvestorRelations@assetmark.com<\/a><\/p>\n

Media:\u00a0
Alaina Kleinman
Head of PR & Communications
alaina.kleinman@assetmark.com<\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CONCORD, Calif., July 01, 2021 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK), a leading provider of wealth management and technology solutions for financial advisors, today announced the completion of its acquisition of Voyant, a global provider of SaaS-based financial planning, wellness and client digital engagement solutions. Voyant serves more than 20,000 advisors across financial institutions and small advisor firms in the United Kingdom, Canada, Ireland, and the United States. \u201cWe are proud to welcome Voyant to the AssetMark family. The acquisition of Voyant is a meaningful step forward in advancing our ability to help investors achieve financial wellness and will create significant value for our advisors and our shareholders,\u201d said Natalie Wolfsen, CEO of AssetMark. \u201cVoyant\u2019s innovative financial … <\/p>\n

Continue reading “AssetMark Closes on the Acquisition of Voyant”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509116","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAssetMark Closes on the Acquisition of Voyant - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/assetmark-closes-on-the-acquisition-of-voyant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AssetMark Closes on the Acquisition of Voyant - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CONCORD, Calif., July 01, 2021 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. 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The acquisition of Voyant is a meaningful step forward in advancing our ability to help investors achieve financial wellness and will create significant value for our advisors and our shareholders,\u201d said Natalie Wolfsen, CEO of AssetMark. \u201cVoyant\u2019s innovative financial … Continue reading "AssetMark Closes on the Acquisition of Voyant"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/assetmark-closes-on-the-acquisition-of-voyant\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-01T20:18:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MzYyNiM0Mjc3ODk5IzIwODc0NzU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assetmark-closes-on-the-acquisition-of-voyant\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assetmark-closes-on-the-acquisition-of-voyant\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"AssetMark Closes on the Acquisition of Voyant\",\"datePublished\":\"2021-07-01T20:18:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assetmark-closes-on-the-acquisition-of-voyant\\\/\"},\"wordCount\":501,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assetmark-closes-on-the-acquisition-of-voyant\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI3MzYyNiM0Mjc3ODk5IzIwODc0NzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assetmark-closes-on-the-acquisition-of-voyant\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/assetmark-closes-on-the-acquisition-of-voyant\\\/\",\"name\":\"AssetMark Closes on the Acquisition of Voyant - 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