Acquisition · Activity not yet classified
Adhesion Wealth
Transaction overview
Reported completed
Exact closing date not established.
AssetMark reported completing its acquisition of Adhesion Wealth in a December 15, 2022 release posted the next day, following the agreement announced June 13, 2022. AssetMark paid $46 million plus transaction costs and contingent payments. Adhesion was to continue as a standalone business with its brand identity. The release did not identify a separate exact closing day.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- AssetMark Completes Acquisition of Adhesion Wealth ↗
Official source website · Published Dec 16, 2022
December 15 body release, posted December 16, reports completion and $46 million plus costs and contingent payments. The footer identifies Adhesion Wealth as a trade name of Atria Investments, Inc.
- AssetMark to Acquire Adhesion Wealth, Accelerating RIA Offering ↗
Official source website · Published Jun 13, 2022
June 13, 2022 release announces AssetMark Financial Holdings’ agreement with Vestmark to acquire Adhesion Wealth, with completion then expected in the second half of 2022.