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Generosity Meets Strategy with Donor-Advised Funds
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For high-net-worth (HNW) and ultra-high-net-worth (UHNW) donors, philanthropy is often more complex than writing a check once a year. These individuals and family members generally have a broader menu of giving options to choose from to make a greater impact. So, exploring more advanced strategies to help them meet their goals is especially important.
Let's take a closer look at donor-advised funds (DAF).
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DAFs are charitable giving vehicles that grow tax-free. When an investor establishes and ultimately makes an irrevocable contribution to a DAF, they will receive an immediate tax deduction. While the investor no longer owns those assets, they retain the ability to recommend investments and make grants to charities of their choosing.
The AssetMark Charitable Donor-Advised Fund program, sponsored by GiveClear® Foundation (a nonprofit organization), which launched on June 14, 2024, is a simple, flexible, and tax-advantageous method for clients to make ongoing charitable contributions, receive a complete tax write-off in the year of their contribution, and allow the impact of their charitable contribution to grow tax-free.
Along with other benefits, with AssetMark Charitable, clients:
- Minimize costs and avoid capital gains
- Remove assets from a taxable estate
- Build a legacy/endowment that incorporates the entire family
To learn more about this program, view the Donor-Advised Fund page on eWealthManager®. And, when you're ready to talk about DAFs as part of the overall wealth planning strategy with your clients, use this flyer
to explain the potential benefits.
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This Issue
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AssetMark to Acquire Morningstar Wealth TAMP Assets
On
June 20, 2024, AssetMark announced an agreement with Morningstar in which AssetMark will acquire $12 billion in assets from the Morningstar Wealth TAMP. Financial advisors and clients on Morningstar Wealth’s TAMP will have access to AssetMark’s platform, and advisors who already work with AssetMark will gain access to a wide range of model portfolios and SMAs managed by the Morningstar Investment Management team. Read the full article.
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Reminder: AssetMark Sent Required Communications to Clients in June
Just a reminder that your clients received direct communications from AssetMark about the acquisition by GTCR. Click here for more information.
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AssetMark's TMS is 2024 Wealthies Finalist
We’re excited to share that AssetMark's Tax Management Services (TMS) was named a 2024 finalist in the TAMPs category by WealthManagement.com to honor companies with the best innovations that help financial advisors build better businesses and create better outcomes for their clients. Winners will be announced in September.
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2-Minute CIO Update: Growth Slowing, No Recession Yet
Take 2 minutes to hear AssetMark CIO Christian Chan share his insights on slow inflation and even slower growth, plus three key takeaways you can share with clients and prospects. Share with your clients:
2-Minute CIO Update.
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Coming Soon: New Strategies from PIMCO
AssetMark is excited to announce an expansion of its lineup with two new strategies: PIMCO Tax Aware Enhanced Core and PIMCO Municipal Bond Model. For more information about these strategies, contact your AssetMark consultant.
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Coming July 19! Ability to Request Electronic Signatures for Contributions
On
July 19, 2024, we'll launch an enhancement to eWealthManager that will allow you to request a client's electronic signature for straight-through processing of one-time ACH contributions for AssetMark Trust accounts. View the Frequently Asked Questions
for details!
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Carrie Hansen's Journey to the C-Suite
AssetMark's EVP, Chief Operations Officer, and President of Mutual Funds, Carrie Hansen, shares her incredible journey and leadership insights on the "Brave Women at Work"
podcast! Discover how she rose to the C-suite at 30, navigated diverse corporate cultures, and leveraged her sports background to build unwavering confidence. Learn about her strategic leadership principles and the importance of servant leadership and authentic connections with employees.
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AssetMark Nominated for Prestigious 2024 OnCon Icon Operations Award—Vote Now!
We're thrilled that AssetMark has been selected as a Finalist for the 2024 OnCon Icon Top 100 Operations Team Award! This recognition is a true testament to our Operations Team's outstanding dedication, expertise, and achievements. Cast your vote and help us bring home the victory!
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Mastering the Surge: Strategies for Advisors to Stay Ahead in the Investment Product Wave
Navigating the flood of new investment products is crucial for advisors to uphold their fiduciary duties. Ben Mattlin's latest article in FA Mag highlights the challenges and strategies for staying current. Experts like AssetMark Chief Investment Strategist Zoë Brunson emphasize proactive education, team approaches, and leveraging technology. Outsourcing for complex products and specialized research groups can also help. Read more for insights on staying ahead in this dynamic field!
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