Harmony, Calif.-based AssetMark, a turnkey asset administration platform and expertise supplier, has appointed Phill Rogerson as senior vp and head of the RIA channel, a newly created place.
On this position, Rogerson, who joins AssetMark after serving for six years in the same position at Envestnet, will lead the agency’s enlargement within the RIA area and can report on to AssetMark President and CEO Michael Kim.
Rogerson can be based mostly in Charlotte, N.C., the location of AssetMark’s newly designated East Coast hub. The corporate is investing $10 million and creating 252 new jobs in Charlotte. It cited that the area is residence to 4,300 monetary advisors as a motive for constructing a base there.
“We’re on a robust development trajectory, scaling in key areas and geographies to turn into the main impartial wealth platform for monetary advisors throughout dealer/supplier, RIA and monetary establishment channels,” Kim stated in an announcement. “The RIA channel is a essential development driver for AssetMark, and Phill’s management and deep experience can be instrumental as we execute on our technique.”
Rogerson brings greater than 30 years of expertise in wealth and funding administration. He most lately led the RIA channel at Envestnet. Previous to that, he spent greater than 20 years at Russell Investments, serving as managing director of personal consumer providers.
“I could not be extra excited to affix AssetMark at such a pivotal time,” Rogerson stated in an announcement. “The workforce has already made vital progress with the Adhesion and Voyant acquisitions, and with a set of built-in providers that enable RIAs to focus much less on operational duties, and extra on development and consumer relationships. I stay up for constructing on that momentum.”
In June, Envestnet named Sean Meighan as head of RIA distribution, a newly created position. He joined from Atria Wealth Options, the place he was managing director and head of advisory providers.
AssetMark’s Charlotte hub is one in every of our 4 hubs along with its company headquarters in Harmony and workplaces in Phoenix and Chicago.
The appointment follows final week’s announcement of AssetMark including capabilities to assist the inclusion of personal market belongings on its platform. The performance, which it expects to roll out within the fourth quarter, will enable advisors to put money into vetted semi-liquid non-public funds in a single custody account alongside different public safety allocations.
In a current episode of The WealthStack Podcast, Kim sat down with host Shannon Rosic to debate how expertise, training and personal fairness entry are converging to redefine portfolio building.