AssetMark Financial Holdings Inc., through its subsidiary AssetMark Financial Inc., has agreed to acquire OBS Financial Services Inc. in an all-cash transaction expected to close in early 2020.
AssetMark will acquire OBS Financial Services, a registered investment adviser whose clients include trust departments, retail broker/dealers and financial advisers, from its parent company Canandaigua National Corp.
OBS Financial Services will be integrated into AssetMark's systems and infrastructure following the close of the deal.
ECHELON Partners was the sole financial adviser for OBS Financial Services and Canandaigua National.
