AssetMark to acquire Efficient Advisors to expand RIA footprint

Core Insights - AssetMark Financial plans to acquire Efficient Advisors, which has approximately $3 billion in client assets, enhancing AssetMark's registered investment adviser (RIA) platform [1][2] - The acquisition is expected to close in Q4 2025, pending regulatory approvals and customary closing conditions [1] - This move is part of AssetMark's strategy to expand its presence in the RIA channel and increase the scale of its advisor network [2][3] Company Strategy - AssetMark's growth strategy focuses on disciplined expansion, combining institutional insight with a vision for independent advice [3] - The acquisition reflects a commitment to inorganic growth that strengthens AssetMark's position within the RIA space [3][4] - By integrating Efficient Advisors' evidence-based investment platform, AssetMark aims to enhance the solutions available to advisors and support their business growth [4] Historical Context - This acquisition marks AssetMark's eighth since 2014, following a strategic alliance with Morningstar Wealth and the acquisition of the Morningstar Wealth Turnkey Asset Management Platform [4] - Efficient Advisors' CEO expressed enthusiasm about joining AssetMark, highlighting a shared commitment to advisor-centric service [5][6]