AssetMark Acquires Adhesion Wealth
December 15, 2022
AssetMark Financial Holdings, Inc. completed its acquisition of Adhesion Wealth, a provider of wealth-management technology and outsourced investment solutions for RIAs, TAMPs and asset managers. AssetMark paid $46 million (plus transaction costs and contingent payments) for Adhesion, which had $7.3 billion in total billable assets as of November 30, 2022; Adhesion will continue to operate commercially as a standalone business under its brand.
- Buyers
- AssetMark Financial Holdings, Inc.
- Targets
- Adhesion Wealth
- Industry
- Financial Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
GTCR Acquires AssetMark Financial Holdings, Inc.
September 5, 2024
Financial Services
GTCR completed a go‑private acquisition of AssetMark Financial Holdings, Inc., acquiring 100% of the company in a transaction valued at approximately $2.7 billion ($35.25 per share). The deal, which closed in September 2024, transitions AssetMark to private ownership under GTCR and establishes Lou Maiuri as Chairman and Group CEO as GTCR and management pursue technology, product and inorganic growth initiatives to expand the firm's wealth management platform.
-
AssetMark Financial Holdings Acquires OBS Financial
March 2, 2020
Financial Services
AssetMark Financial Holdings, Inc. completed the acquisition of OBS Financial, a $2 billion-plus turnkey asset management platform and subsidiary of Canandaigua National Corporation. The deal brings AssetMark new relationships with OBS' 300+ financial advisors and 21 banks (serving ~6,500 investors) and provides an entry into the bank trust channel to support the firm's growth strategy.
-
EP Wealth Advisors Acquires AlphaMark Advisors
April 19, 2025
Financial Services
EP Wealth Advisors has acquired AlphaMark Advisors, a Fort Wright, Kentucky-based registered investment adviser, in a transaction that closed April 11, 2025. The deal adds roughly $385 million in AUM (reported by multiple sources) and expands EP Wealth’s Midwest footprint into northern Kentucky and the Greater Cincinnati area; Houlihan Lokey acted as exclusive financial advisor to AlphaMark.
-
Modern Wealth Management Acquires Wade Financial Advisory and Planned Asset Management
April 9, 2025
Wealth Management
Modern Wealth Management has completed the acquisition of Wade Financial Advisory and expects to close on the acquisition of Planned Asset Management, adding roughly $1 billion in AUM and bringing Modern Wealth's assets under management to over $7 billion. The deals establish Modern Wealth's first client-facing offices in California, integrate Wade Financial's tax planning business into Modern Wealth's tax platform, and support a leadership succession plan at Planned Asset Management.
-
Solenture Acquires Reedmark Advisors
September 1, 2024
Financial Services
Pittsburgh-based Solenture, a consulting and wealth-management firm, has acquired Somerville, New Jersey–based Reedmark Advisors, an SEC-registered investment advisor with approximately $400 million in assets under management. The acquisition, effective September 1, 2024, adds Reedmark’s retirement-plan consulting and actuarial capabilities to Solenture’s advisory platform and increases Solenture’s assets under supervision to over $1 billion.
-
Merit Financial Advisors Acquires AMP Wealth Management
June 24, 2025
Financial Services
Merit Financial Advisors, a Georgia-based wealth management firm, has acquired AMP Wealth Management of Whitefish Bay, Wisconsin, adding $365 million of assets and expanding Merit's Midwest footprint with a seventh office in Wisconsin. AMP's founder Dr. Jerome Mahalick and his team will join Merit, and AMP's dividend-focused investment strategy will be integrated into Merit's platform; financial terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.