AssetMark Financial Holdings Acquires OBS Financial
March 2, 2020
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.
- Buyers
- AssetMark Financial Holdings, Inc.
- Targets
- OBS Financial
- Sellers
- Canandaigua National Corporation
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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