AssetMark and Cheetah Deliver a Unified Wealth Management Solution, Driving Growth and Efficiency for Financial Institutions

Core Insights - AssetMark and Cheetah have successfully collaborated to provide a unified wealth management solution that enhances growth, efficiency, and profitability for financial institutions like First State Bank (FSB) [1][4] - FSB has experienced significant operational improvements since adopting the integrated solution in January 2024, positioning the bank for future expansion [2][4] Company Overview - AssetMark operates a wealth management platform aimed at helping financial advisors and their clients, serving over 9,000 financial advisors and more than 263,000 investor households, with over $127 billion in platform assets as of September 30, 2024 [7][8] - Cheetah offers a cloud-based trust management platform that modernizes the trust industry by providing innovative digital solutions for wealth managers [8] Strategic Collaboration - The partnership between AssetMark and Cheetah has allowed FSB to transition its trust services to a more integrated platform, which has been described as a "game changer" by FSB's Senior Vice President of Wealth Management & Trust [3][4] - The collaboration combines AssetMark's industry expertise with Cheetah's advanced automation, significantly strengthening FSB's competitive position in the wealth management sector [4][5] Operational Efficiency - The integration has streamlined FSB's operations by reducing manual tasks and enhancing data management, enabling the bank to focus on building stronger client relationships and driving business growth [5] - The collaboration is viewed as a cost-effective force multiplier for FSB, enhancing its competitive edge in the market [5]