AssetMark Closes on the Acquisition of Voyant
01 Juli 2021 - 10:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK), a leading provider
of wealth management and technology solutions for financial
advisors, today announced the completion of its acquisition of
Voyant, a global provider of SaaS-based financial planning,
wellness and client digital engagement solutions. Voyant serves
more than 20,000 advisors across financial institutions and small
advisor firms in the United Kingdom, Canada, Ireland, and the
United States.
“We are proud to welcome Voyant to the AssetMark family. The
acquisition of Voyant is a meaningful step forward in advancing our
ability to help investors achieve financial wellness and will
create significant value for our advisors and our shareholders,”
said Natalie Wolfsen, CEO of AssetMark. “Voyant’s innovative
financial planning technology will allow advisors worldwide to
deepen their relationships with clients while also strengthening
the broader AssetMark platform in the United States. Furthermore,
we believe the deal will deliver financial benefits and long-term
earnings diversification, as well as a runway for future
growth.”
“We are excited to join AssetMark and look forward to leveraging
the firm’s deep experience and relationships, U.S. brand
recognition, and strong financial position,” said David Kaufman,
CEO of Voyant. “Voyant has a history of growth driven by our
mission of helping advisors and clients achieve their long-term
goals. Joining AssetMark will accelerate our progress with advisors
and their clients.”
AssetMark acquired Voyant for approximately $145 million: a
combination of $120 million in cash and 994,028 shares of
AssetMark’s common stock. The cash portion of the consideration was
funded by $45 million of AssetMark’s corporate cash plus $75
million from AssetMark’s revolving credit facility.
Voyant will be a wholly owned subsidiary of AssetMark. All
Voyant employees will report to Voyant CEO David Kaufman, who will
report to AssetMark CEO Natalie Wolfsen.
Raymond James & Associates, Inc. served as exclusive
financial advisor to Voyant in this transaction.
About AssetMark Financial Holdings, Inc.
AssetMark is a leading provider of extensive wealth management
and technology solutions that power independent financial advisors
and their clients. Through AssetMark, Inc., its investment adviser
subsidiary registered with the U.S. Securities and Exchange
Commission, AssetMark operates a platform that comprises fully
integrated technology, personalized and scalable service, and
curated investment platform solutions designed to make a difference
in the lives of advisors and their clients.
About Voyant
Voyant is a leading global provider of financial planning
solutions to enterprises, independent financial advisors and their
clients. Enterprise clients include Toronto-Dominion, Lloyds
Bank, BMO, CIBC and others. With operations in the United States,
United Kingdom, Canada, Ireland and Australia, Voyant’s
configurable and integrated offerings focus on the whole adviser
lifecycle including client onboarding, collaborative financial
planning, and self-service solutions for clients. Voyant’s
solutions allow advisers to deliver a new level of value to their
clients, by providing vision, expertise, and access.
SOURCE: AssetMark Financial Holdings, Inc.
Contacts Investors:Taylor J. Hamilton, CFAHead
of Investor RelationsInvestorRelations@assetmark.com
Media: Alaina KleinmanHead of PR &
Communicationsalaina.kleinman@assetmark.com
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