TIFIN Sage expands collaboration with AssetMark to integrate AI capabilities for enhanced wealth management services.
Quiver AI Summary
TIFIN Sage, an AI-powered investment platform, has announced an expanded collaboration with AssetMark, Inc. to integrate its advanced AI capabilities into AssetMark’s wealth management services. This partnership aims to enhance the efficiency and personalization of investment consulting, allowing AssetMark’s consultants to more quickly gather insights and create tailored model portfolios for financial advisors. By leveraging TIFIN Sage's technology, AssetMark seeks to meet the growing demand for individualized investment services while maintaining high service quality. Both companies emphasize innovation and improved client outcomes in wealth management, building on their previous successful collaborations.
Potential Positives
- Announcement of an expanded collaboration with AssetMark, a leading wealth management provider, enhancing TIFIN Sage's market presence.
- Integration of advanced AI capabilities into AssetMark's platform, facilitating more efficient and personalized investment consulting services.
- Partnership expected to meet rising demand for individualized investment services, allowing AssetMark to engage more clients while maintaining high service quality.
- Reinforcement of a shared commitment to innovation and the delivery of impactful wealth solutions, building on previous successful collaborations between TIFIN and AssetMark.
Potential Negatives
- The release emphasizes increased scalability and efficiency for AssetMark, which may raise concerns about the adequacy of TIFIN Sage's current capabilities prior to this collaboration.
- There is a lack of specific details regarding how TIFIN Sage's AI technology will enhance performance, potentially leading to skepticism about the actual impact of the partnership.
- No financial terms or metrics are provided regarding the partnership, leaving uncertainty about the business implications for TIFIN Sage.
FAQ
What is the collaboration between TIFIN Sage and AssetMark about?
The collaboration involves integrating TIFIN Sage's AI capabilities into AssetMark's wealth management platform to enhance investment consulting services.
How will TIFIN Sage's AI technology benefit financial advisors?
TIFIN Sage's AI will enable advisors to gather insights quickly and deliver personalized model portfolios more efficiently.
What is the significance of this partnership for AssetMark?
This partnership allows AssetMark to scale its services, address increasing demand for personalized investments, and maintain high service quality.
How does TIFIN Sage enhance the client experience?
TIFIN Sage enhances the client experience by providing tailored portfolio construction and management through intelligent, conversational AI solutions.
What prior collaboration exists between TIFIN and AssetMark?
AssetMark previously collaborated with TIFIN Give to offer a modern donor-advised fund solution for charitable giving and philanthropic efforts.
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 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 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.
- JOEL DAVID JR MCNATT (EVP, Investment Solutions) has traded it 2 times. They made 0 purchases and 2 sales, selling 5,267 shares.
- MICHAEL KIM (CEO and President) has traded it 2 times. They made 0 purchases and 2 sales, selling 9,445 shares.
- CARRIE E. HANSEN (EVP, Chief Operating Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 10,611 shares.
- TED F. ANGUS (EVP, General Counsel) has traded it 2 times. They made 0 purchases and 2 sales, selling 9,634 shares.
- GARY G. ZYLA (EVP, Chief Financial Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 7,786 shares.
- ESI MINTA-JACOBS (HR & Digital Product Solutions) has traded it 2 times. They made 0 purchases and 2 sales, selling 2,529 shares.
- MUKESH MEHTA (EVP, Chief Information Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 8,880 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
BOULDER, Colo. and CONCORD, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- TIFIN Sage, an advanced AI-powered investment platform and a division of TIFIN, is pleased to announce an expanded collaboration with AssetMark, Inc., a leading provider of wealth management and technology solutions for financial advisors. AssetMark will incorporate TIFIN Sage’s cutting-edge AI capabilities into its wealth management platform through its investment consulting services, enabling AssetMark to streamline high-touch, personalized engagements. Through the integration of TIFIN Sage’s AI capabilities, AssetMark aims to enable its investment consultants to rapidly gather insights, align advisory firm inputs, and deliver tailored model portfolios for an advisor’s practice with greater efficiency.
This increased scalability not only meets the rising demand within AssetMark’s advisor network for individualized investment services but also empowers the organization to engage with incremental firms while preserving AssetMark’s exceptional service quality.
“We are excited to partner with AssetMark, a leader in wealth management, to integrate TIFIN Sage’s advanced AI-powered platform into its consulting process,” said Brooke Juniper, Chief Executive Officer of TIFIN Sage. “This partnership enables AssetMark to scale its comprehensive, high-touch portfolio construction services, equipping advisors to refine the client experience and deliver enhanced wealth outcomes.”
David McNatt, EVP of Investment Solutions at AssetMark, commented, “The collaboration with TIFIN Sage is another step in our transformative journey to integrate AI-driven insights directly into our platform. Our relationship with TIFIN Sage will enable our consulting team to engage additional clients while strengthening the quality of support we provide. TIFIN Sage’s AI technology helps us empower more advisor practices and drive client outcomes in a rapidly evolving wealth management landscape.”
Building on AssetMark’s successful collaboration with TIFIN Give (another TIFIN subsidiary), this agreement reinforces a shared commitment to driving innovation and delivering impactful wealth solutions that elevate outcomes for advisors and their clients. The AssetMark and TIFIN GIVE relationship has empowered financial advisors and their clients with a modern donor-advised fund (DAF) solution, designed to streamline charitable giving and enhance the impact of philanthropic and tax planning efforts.
About TIFIN Sage
TIFIN Sage is an advanced AI-powered investment platform that utilizes state-of-the-art technology to empower financial advisors and home office professionals, enhancing the client experience with personalized, efficient portfolio construction and management. As part of TIFIN, Sage is dedicated to strengthening the advisor-client relationship through intelligent, conversational AI solutions.
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 Contacts:
TIFIN
Michael Walsh
[email protected]
Tanya Bhasin
[email protected]
AssetMark
Vesselina Davenport
[email protected]
The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer advisory services. All content is for informational purposes only.
