AssetMark completed the acquisition of OBS Financial.

AssetMark, a provider of extensive wealth management and technology solutions, completed the acquisition of OBS Financial, an asset management platform delivering academically constructed, structured investment strategies to independent advisors, bank Trust officers and their clients. Financial terms were not disclosed. "This transaction will allow us to give our clients broad access to AssetMark’s compelling and curated platform while providing continuity and support of the OBS investment portfolios, accelerating our ability to deliver the comprehensive capabilities to advisors and bank Trust officers who require and deserve these enhanced capabilities. The OBS team is looking forward to working closely with AssetMark to integrate our platforms and provide a market‐leading foundation that is proven to help advisors and Trust officers grow and prosper," John Henry, OBS President and CEO.