US-based wealth management solutions provider AssetMark Financial has unveiled its plans to acquire Efficient Advisors, owned by Fiduciary Services Group (FSG).
Efficient Advisors brings approximately $3bn in client assets into AssetMark’s national registered investment adviser (RIA) platform.
The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals, necessary consents and customary closing conditions.
AssetMark said the acquisition expands its presence within the RIA channel and increases the scale of its advisor network.
It enables Efficient Advisors to access AssetMark’s wealth management platform, which includes advisor technology, business consulting and a roster of investment strategists.
AssetMark said the combination will equip advisors with tools and resources intended to support growth and broaden services available to clients.
AssetMark chairman and group CEO Lou Maiuri said: “AssetMark’s growth strategy is grounded in a disciplined approach to expansion – one that combines institutional insight with a clear vision for the future of independent advice.
“The acquisition of Efficient Advisors reflects our commitment to thoughtful, inorganic growth that strengthens our position within the RIA space.
“By bringing Efficient Advisor’s evidence-based investment platform into our ecosystem, we’re enhancing the breadth of solutions available to advisors and reinforcing our mission to help advisors grow their businesses and deliver enduring value to clients.”
The transaction marks AssetMark’s eighth acquisition since 2014 and it
follows a strategic alliance with Morningstar Wealth and the acquisition of the Morningstar Wealth Turnkey Asset Management Platform.
DLA Piper served as legal advisor to FSG on this transaction.
PricewaterhouseCoopers International served as financial adviser to AssetMark, and Kirkland & Ellis provided legal counsel to AssetMark.
Efficient Advisors CEO Steve Miller said: “Joining AssetMark marks an exciting new chapter for Efficient Advisors. Our shared commitment to advisor-centric service makes this a natural fit.
“We’re proud of the platform we’ve built and the relationships we’ve nurtured over the years, and we look forward to amplifying our impact through AssetMark’s expansive network.”
