AssetMark appoints Erin Wood as Senior Vice President of Advanced Planning to enhance wealth management services for financial advisors.
Quiver AI Summary
AssetMark, Inc. has appointed Erin Wood, CFP®, FBS®, as Senior Vice President of Advanced Planning, tasked with developing the company's advanced planning offerings for financial advisors. Wood, who brings over 20 years of experience in financial planning, will focus on providing tailored strategies for estate planning, tax efficiency, retirement planning, and wealth transfer. She previously held leadership roles at Carson Group and First National Bank of Omaha, where she advanced planning capabilities for advisors. David McNatt of AssetMark highlighted her expertise in navigating complex financial needs, emphasizing the importance of comprehensive financial strategies for high-net-worth clients. Wood, a recognized thought leader in financial literacy, expressed enthusiasm about her new role, aiming to empower individuals through innovative solutions. AssetMark supports over 9,000 financial advisors and manages over $127 billion in assets.
Potential Positives
- Appointment of Erin Wood as Senior Vice President of Advanced Planning brings extensive experience and expertise to AssetMark's leadership team, enhancing the company's capability in advanced financial planning.
- Introduction of tailored advanced planning offerings supports financial advisors in addressing the evolving needs of high-net-worth clients, positioning AssetMark as a leader in comprehensive wealth management solutions.
- Wood's leadership is expected to drive innovation and strategic relationships, further expanding AssetMark's service offerings and enhancing advisor and client satisfaction.
- Recognition of Wood as a national thought leader and her commitment to financial literacy aligns with AssetMark's mission to empower advisors and improve investor outcomes.
Potential Negatives
- Announcement of a new leadership role may indicate a need for strategic realignment, suggesting potential past shortcomings in advanced planning services.
- The appointment emphasizes the increasing complexity in financial planning, which could imply past weaknesses in meeting client needs without this specialized role.
- The need for enhanced advanced planning services suggests that existing offerings may not be adequately addressing the demands of high-net-worth clients.
FAQ
Who is Erin Wood at AssetMark?
Erin Wood is the newly appointed Senior Vice President of Advanced Planning at AssetMark, focusing on tailored wealth management strategies.
What is Erin Wood's experience in financial planning?
Erin Wood has over two decades of experience in financial planning, leading teams and developing innovative solutions for various financial disciplines.
What role will Erin Wood play at AssetMark?
She will drive the vision for AssetMark’s advanced planning services and help advisors meet the evolving needs of high-net-worth clients.
What are AssetMark’s advanced planning services targeted at?
AssetMark’s advanced planning services focus on estate planning, tax efficiency, retirement planning, and multi-generational wealth transfer strategies.
How can financial advisors benefit from Erin Wood's expertise?
Erin Wood’s leadership will equip advisors with innovative tools and strategies for delivering comprehensive wealth management services to their clients.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMK Insider Trading Activity
$AMK insiders have traded $AMK stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $AMK stock by insiders over the last 6 months:
- SECURITIES CO., LTD. HUATAI sold 50,873,799 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMK Hedge Fund Activity
We have seen 2 institutional investors add shares of $AMK stock to their portfolio, and 182 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 2,179,761 shares (-100.0%) from their portfolio in Q3 2024
- VANGUARD GROUP INC removed 2,086,641 shares (-100.0%) from their portfolio in Q3 2024
- GLAZER CAPITAL, LLC removed 1,739,617 shares (-100.0%) from their portfolio in Q3 2024
- POLAR ASSET MANAGEMENT PARTNERS INC. removed 1,466,197 shares (-100.0%) from their portfolio in Q3 2024
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,186,021 shares (-100.0%) from their portfolio in Q2 2024
- DIMENSIONAL FUND ADVISORS LP removed 1,135,506 shares (-100.0%) from their portfolio in Q3 2024
- FIL LTD removed 1,000,000 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CONCORD, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- AssetMark, Inc., a leading provider of wealth management and technology solutions for financial advisors, today announced the appointment of Erin Wood, CFP ® , FBS ® , as Senior Vice President of Advanced Planning. In this role, Wood will spearhead the development and introduction of AssetMark’s advanced planning offering, which will focus on delivering tailored strategies for estate planning, tax efficiency, retirement planning, and multi-generational wealth transfer to support financial advisors as they address the evolving needs of investors across the wealth spectrum.
Wood joins AssetMark with over two decades of experience leading financial planning teams and building innovative solutions across a range of disciplines, including trust and estate, tax planning, insurance, and retirement services. She previously held senior leadership positions at the Carson Group and First National Bank of Omaha, where she developed and scaled advanced planning capabilities and helped advisors deliver those services to clients.
"Erin brings unparalleled expertise and a deep commitment to empowering advisors to succeed in an increasingly complex financial planning landscape that extends beyond traditional investment management to include advanced planning strategies," said David McNatt, EVP, Investment Solutions at AssetMark. "Her track record of innovation and leadership makes her the ideal person to build and lead AssetMark’s advanced planning services, addressing the growing need for comprehensive, integrated financial strategies for high-net-worth individuals and families. Erin will be instrumental in helping AssetMark advisors access the tools and resources they need to provide tailored, holistic wealth planning solutions, ultimately delivering enhanced value to their clients, and enabling advisors to better meet their clients’ evolving needs.”
Wood’s responsibilities include driving the vision for AssetMark’s advanced planning services, identifying and establishing strategic relationships, and serving as a thought leader in the industry. Her insights will play a pivotal role in equipping advisors with the tools and strategies needed to meet the growing demand for holistic wealth management services.
Commenting on her new role, Wood stated, "I am thrilled to join AssetMark and lead the charge in delivering best-in-class advanced planning services to our advisors and their clients. Financial planning is about empowering individuals and families to achieve their goals, and I look forward to building solutions that make a meaningful impact on their lives."
A nationally recognized speaker and contributor to leading publications such as Kiplinger, TheStreet , and HerMoney among others, Wood is passionate about financial literacy, particularly for women, and fostering advisor success through education and innovation. She has been honored with the Wealthies 2023 Thought Leader of the Year award and the InvestmentNews 2024 Women to Watch – Financial Literacy Champion Excellence Award for her outstanding contributions to the industry. Wood holds a B.S. in Finance and Communications from Northwest Missouri State University and a graduate degree in Financial Psychology and Behavioral Finance from Creighton University.
About AssetMark
AssetMark operates a wealth management platform whose mission is to help financial advisors and their clients. AssetMark, together with its affiliates AssetMark Trust Company, Voyant, and Adhesion Wealth Advisor Solutions, serves advisors at every stage of their journey with flexible, purpose-built solutions that champion client engagement and drive efficiency. Its ecosystem of solutions equips advisors with services and capabilities to help deliver better investor outcomes by enhancing their productivity, profitability, and client satisfaction.
With a history going back to 1996, AssetMark has over 1,000 employees, and its platform serves over 9,000 financial advisors and over 263,000 investor households. As of September 30, 2024, the Company had over $127 billion in platform assets. AssetMark, Inc. is a Registered Investment Adviser with the U.S. Securities and Exchange Commission. For more information, please visit www.assetmark.com. Follow us on LinkedIn .
Media:
Vesselina Davenport
PR & Communications
[email protected]
