AssetMark to Create Atlanta, Georgia, Operations Hub
According to Georgia Department of Economic Development officials, AssetMark is a leading turnkey asset management provider. The California-based company has approximately $47.5 billion in assets on its platform as of September 30th, 2018, and recently agreed to buy Global Financial Private Capital, a $5.7 billion RIA that provides outsourcing services to approximately 200 advisors.
“Our excitement about this new office is twofold,” said Charles Goldman, President & CEO of AssetMark. “This expansion is a strategic investment in future AssetMark technology initiatives, and we are proud to play a part in the creation of economic opportunity in an Opportunity Zone in Georgia.”
“The work we’re planning in Atlanta will support a full range of technology functions, including application development for our industry-leading advisor technologies, infrastructure, and network services, as well as security operations,” said AssetMark’s Chief Information Officer Muk Mehta.
“Congratulations to AssetMark on the selection of downtown Atlanta for their new office,” said Hala Moddelmog, President & CEO of the Metro Atlanta Chamber. “As innovators and thought leaders in the asset management industry, they are a welcome addition to metro Atlanta’s thriving financial services ecosystem.”
“We want to welcome AssetMark to its new home in Downtown Atlanta as they target their solutions to the country’s more than 300,000 independent financial advisors,” said Dr. Eloisa Klementich, President & CEO of Invest Atlanta. “Our city’s abundance of tech talent, strong business climate, educational institutions and financial services ecosystem continue to attract industry leaders like AssetMark. This announcement once again demonstrates Atlanta’s ability to bring top-tier financial technology companies to the heart of the city.”
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