AssetMark Financial plans to acquire Efficient Advisors, bringing $3bn in client assets into its RIA platform. The transaction is set to close in Q4 2025 pending regulatory approvals. The move expands AssetMark’s presence in the RIA channel and provides advisors access to its wealth management platform for growth and client services.

This acquisition marks AssetMark’s eighth since 2014 and follows a recent alliance with Morningstar Wealth. DLA Piper advised FSG, PricewaterhouseCoopers advised AssetMark, and Kirkland & Ellis provided legal counsel. Efficient Advisors CEO Steve Miller sees the move as a natural fit to amplify impact through AssetMark’s network.

AssetMark Chairman Lou Maiuri emphasizes the strategic growth approach with inorganic expansions like Efficient Advisors. The acquisition enhances solutions for advisors, aiming to support business growth and client value delivery. Efficient Advisors looks forward to a new chapter to amplify their impact through AssetMark’s network.

Read more at Yahoo Finance: AssetMark to acquire Efficient Advisors to expand RIA footprint