Advisors continue to see high investor demand for personalization, and Clark Capital’s Personalized Unified Managed Account service will help meet this demand on the AssetMark platform, the firm said.

AssetMark is to acquire the turnkey asset management program assets of Philadelphia, PA-based Clark Capital Management Group.

Clark Capital will continue to operate as an independent asset manager providing solutions to AssetMark as a third-party strategist, and to other platforms through which it already distributes its solutions.

Advisors working with AssetMark will see investment strategies from Clark Capital as investment choices alongside the other portfolio strategists offered through the firm's current investment platform.

Clark Capital has $1.75 billion in assets under management on its turnkey asset management program, which serves around 670 advisors, and an additional $1.55 billion in assets to which Clark Capital acts as an asset manager.

After the deal closes - targeted for the third quarter - AssetMark will have approximately $27 billion in total assets.