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Private deck · For AssetMark

A complete operating layer for AssetMark’s alternatives platform.

Prepared for
David McNatt · AssetMark
From
Joe Ujobai · Aqua · AIX
Date
May 2026
Status
Working draft · for review
The proposal in one line

TAMP plus TAIP. The first full-stack program for the advisor channel.

AssetMark already operates the TAMP. The November launch — Apollo, Carlyle, KKR, StepStone — began the TAIP. Aqua and AIX complete it. Live within sixty to ninety days of partnership.

AssetMark today

The TAMP.

Twenty-plus years of turnkey infrastructure for traditional assets.
Portfolio construction across model portfolios and SMAs
Trading, rebalancing, and lifecycle automation
Consolidated reporting and unified billing
A national advisor network running on one platform
AssetMark with Aqua + AIX

The TAIP.

A turnkey alternatives investment platform under one AssetMark brand.
The four interval funds live since November, on a unified shelf
Model-driven alts allocation at the advisor desk
Subscription, signature, custody, and fund-admin routing as one workflow
Every other alternative asset class added by configuration
The advisor experience does not split. One sign-in. One model. One block, traditional and alternative. The TAIP is the second half of a program AssetMark already owns the advisor relationship for.
Where this lands

A read on what AssetMark started in November, and how the program scales from here.

McNatt asked at Tiburon to reconnect in Q1 after AssetMark’s initial launch. The launch is now live. This deck takes the conversation forward.

i
The partnership thesis
TAMP plus TAIP. How AIX and Aqua close the alternatives half of the program AssetMark already runs.
ii
Scope of the partnership
Interval funds today. Every alternative asset class on the same operating layer over time.
iii
The operating layer, in product
Ten AssetMark-branded screens. From sign-in to model allocation to order routing.
iv
A working session for Q2
Three discussion areas for a sixty-to-ninety minute session with the AssetMark wealth-solutions team.
Section i
— The partnership thesis

Turnkey for traditional.
Turnkey for alternatives.

TAMPs gave wealth management a turnkey way to run traditional assets. Alternatives have never had the same standard. AssetMark already operates one half of the program. The November launch began the second. Aqua plus AIX makes that second half just as turnkey, under the AssetMark brand.

i.iThe two halves of the operating layer
i.iiEvery asset class on the same rail
i.i · Two halves, one layer

AIX runs the alts transaction stack. Aqua runs the advisor experience. Together, one operating layer.

AIX handles the transaction lifecycle, fund-administrator connectivity, custody, and document workflows. Aqua adds the advisor-facing marketplace, model-driven execution, and education. Combined: one platform, one AssetMark brand.

Advisor entry
AssetMark advisor portal · single sign-onFrom the AssetMark advisor portal. No new credentials. One session, traditional and alternative.
Advisor-facing layer (Aqua)
MarketplaceModel allocationSubscription & NIGO preventionEducation portal
Transaction stack (AIX)
Order lifecycleE-signature orchestrationDocument vaultFund-admin routingCustodial integration
Downstream systems
AssetMark portfolio accountingFund administratorsCustodian networkTransfer agents
One unified data model across every layer. One contract. One source of truth for advisor, fund admin, custodian, and AssetMark compliance.
i.ii · Scope of the partnership

Every alternative asset class. The same operating layer.

The four November interval funds are the first set on a unified rail. Every other alternative structure runs on the same pattern. AssetMark’s gatekeeper team selects the category. The workflow ships. Adding an asset class is a configuration step, not a build cycle.

Live today
●Interval funds — the four launch strategies (Apollo, Carlyle, KKR, StepStone)
Configuration-add (no new build cycle)
+Business development companies
+Delaware statutory trusts
+1031 exchanges
+Private placements (506(c))
+Private-equity evergreens
+Private-credit evergreens
+Secondaries
+Real-estate funds and REITs
+Structured products
+Direct co-investments
The Citywire piece in March noted AssetMark’s gatekeeper team turning focus to private-equity evergreens. Each item above represents a configuration toggle for the diligence team, not an engineering project. The partnership scales with AssetMark’s product ambition.
Section ii
— The operating layer, in product

Ten screens. AssetMark-branded. Your gatekeeper’s approved list.

A walkthrough of the platform that lands behind the AssetMark brand. Every screen below is configurable to current AssetMark visual identity and naming conventions. No third-party logo is visible to the advisor at any point.

ii.iSingle sign-on entry
ii.iiModel-driven allocation
ii.iiiGatekeeper approved-list
ii.ivThe marketplace shelf
ii.vSingle product page
ii.viBoutique and emerging managers
ii.viiSubscription flow / NIGO prevention
ii.viiiOrder overview
ii.ixDocuSign routing
ii.xEducation portal
Marketplace Preview · SSO entry & plug-and-play

One tile in AssetMark's portal. Same advisor session.

SSO from AssetMark advisor portal. No new credentials. The advisor clicks a single tile and lands inside the AssetMark-branded marketplace, fully authenticated.

wealth.assetmark.com/dashboard
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Alts Marketplace

Approved by AssetMark Investments diligence · SSO from AssetMark investment portal
Funds Models Maintenance Explore

Buy

Choose a product to begin investing or view orders in progress.
Filter ▾
☆
Empire Group
Empire Revelry Tempe, LLC
Security TypePrivate Placement
Begin
☆
ExchangeRight Real Estate
Essential Income REIT
Security TypeInterval Fund
Begin
☆
Forum Capital Advisors
Forum Real Estate Income Fund
Security TypeInterval Fund
Begin
Sign-in screen replaces marketplace until authenticated · AssetMark SSO highlighted

Trigger. Advisor clicks "Alts" in AssetMark advisor portal — or any entry tile AssetMark configures.

Mechanic. SSO carries the session. Aqua provisions on first sign-in, retains entitlements, and respects AssetMark's role / book-of-business rules.

For AssetMark. No new account management. No IT lift on the advisor side. The marketplace feels like a continuation of the AssetMark experience.

Plug-and-play activation

Identity inherits from AssetMark's existing IdP stack. No new account provisioning, no IT lift, no new credentials for the advisor. Every Aqua customer enters via SSO today.

Marketplace Preview · Model view (for AssetMark portfolio strategist team)

Model view — one click, every allocation.

Built for advisors who pick strategies, not individual funds. The AssetMark portfolio strategist team propagates the model. Aqua executes per-account changes across every affected SMA and UMA in alts.

wealth.assetmark.com/models
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Alts Marketplace · Models

Powered by the AssetMark portfolio strategist team · per-account execution by Aqua
Funds ModelsAM STRATEGIST Maintenance Explore

Available models

Click Implement — Aqua rebalances every affected SMA & UMA in alts.
Filter ▾
Private Markets — Growth Goals-Based
Growth-tilted private-markets sleeve · quarterly rebalance · suitable as a 10–20% household allocation
30% Apollo Diversified Credit25% Carlyle Tactical Private Credit25% KKR Real Estate Select Trust20% StepStone Private Infrastructure
Implement
Private Markets — Income Goals-Based
Income-tilted private-markets sleeve · senior credit forward · quarterly rebalance
45% Apollo Diversified Credit35% Carlyle Tactical Private Credit20% KKR Real Estate Select Trust
Implement
Private Markets — Preservation Goals-Based
Capital-preservation tilt · infrastructure and senior-secured weighted
40% Apollo Diversified Credit30% KKR Real Estate Select Trust30% StepStone Private Infrastructure
Implement

Funds

Same approved shelf. For advisors who want to pick individual funds rather than implement a model.
Filter ▾
☆
ExchangeRight Real Estate
Essential Income REIT
Security TypeInterval Fund
Begin
☆
Forum Capital Advisors
Forum Real Estate Income Fund
Security TypeInterval Fund
Begin
☆
Hamilton Point Investments
HPI Real Estate Fund XV LLC
Security TypePrivate Placement
Begin
☆
Ideal Capital Group
ICG Columbus DST
Security TypeDST
Begin
☆
Blackstone
Blackstone Real Estate Income Trust
Security TypeREIT
Begin
☆
KKR
KKR Diversified Income
Security TypeInterval Fund
Begin
Click any tab · click Implement on a model to see live propagation

Trigger. The AssetMark portfolio strategist team adjusts the model in their own environment ("shift 5% from Fund A to Fund B").

Mechanic. Aqua ingests the model mix via API. Computes per-account changes across every affected SMA & UMA. Generates document workflows. Notifies fund admins / TAs. Updates trade blotters.

Adoption scale. Advisor picks a strategy, not a portfolio. Each Implement triggers per-account propagation across every affected SMA and UMA — no re-papering, no manual rebalance.

Model-led adoption at scale

Roster-only adoption hits an advisor-choice ceiling. Model-led adoption routes through portfolio strategy rather than individual fund selection. Same conditional logic, same e-sign, same routing as Funds — one click implements across every affected SMA and UMA.

Marketplace Preview · Approved list & flip-the-switch

Add asset classes by flipping a switch.

AssetMark's diligence team owns the approved list end-to-end. Expanding into a new asset class is a single toggle — every existing-platform fund in that category becomes available instantly. Net-new managers onboard during the standard build cycle.

wealth.assetmark.com/admin/approved-list
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Approved Product List

Managed by AssetMark Investments diligence · flip switches to expand the shelf
Clear Filters
Security Type
Sponsor

Approved · 17 funds

Toggle a switch — products appear on the marketplace instantly.
+ Add fund
ExchangeRight Real Estate
Essential Income REIT
Interval Fund
Active
Forum Capital Advisors
Forum Real Estate Income Fund
Interval Fund
Active
Ideal Capital Group
ICG Columbus DST
DST · Pending
Activating
ExchangeRight Real Estate
ExchangeRight Net-Leased Portfolio 78
DST · Pending
Activating
Hamilton Point Investments
HPI Industrial DST IV
DST · Pending
Activating
Forum Capital Advisors
Forum Diversified Income DST
DST · Pending
Activating
Hamilton Point Investments
HPI Real Estate Fund XV LLC
Private Placement
Active
Diligence-controlled product shelf · new asset classes by toggle, not by build

Trigger. AssetMark's diligence team approves a fund category (e.g. DSTs). One toggle in admin.

Mechanic. Most of the products are already on the platform — Aqua covers ~80% of the active DST market today. Net-new funds onboard during Phase 1 build.

For AssetMark. Tight diligence control, instant expansion. The marketplace grows without engineering tickets.

Flip a switch, turn new asset classes on

Interval-fund roster ships at launch. DSTs, BDCs, REITs, and private placements toggle on category by category as AssetMark's diligence completes each. Aqua already administers ~80% of the active DST market — most additions are instant; the rest run through a standard onboarding cadence.

Marketplace Preview · Fund view

Fund view — AssetMark's approved list.

The Buy tab. Every approved fund on one shelf. 30–50 products at launch, expanding by configuration. AssetMark's diligence team picks; Aqua surfaces.

wealth.assetmark.com/dashboard
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Alts Marketplace

Approved by AssetMark Investments diligence · SSO from AssetMark investment portal
Funds Models Maintenance Explore

Buy

Choose a product to begin investing or view orders in progress.
Filter ▾
☆
Apollo
Apollo Diversified Credit Fund
Security TypeInterval Fund
Begin
☆
Carlyle
Carlyle Tactical Private Credit Fund
Security TypeInterval Fund
Begin
☆
KKR
KKR Real Estate Select Trust
Security TypeInterval Fund
Begin
☆
StepStone
StepStone Private Infrastructure Fund
Security TypeInterval Fund
Begin
☆
In diligence
PE Evergreens — representative slot
Security TypeEvergreen
Pending
☆
In diligence
DST — representative slot
Security TypeDST
Pending

Maintenance

Active positions and pending workflows. Redemption, tender, and corrections all run here.
Filter ▾
Empire Group
Empire Revelry Tempe, LLC
$50,000
Active
Manage
Forum Capital Advisors
Forum Real Estate Income Fund
$75,000
Distribution pending
Manage
Ideal Capital Group
ICG Columbus DST
$100,000
Active
Manage
Hamilton Point Investments
HPI Real Estate Fund XV LLC
$60,000
Tender open
Manage

Explore

Browse by asset class. Switches mirror AssetMark's diligence-approved categories.
Filter ▾
R
Real Estate
12 funds · 4 sponsors
DSTs, REITs, private placements, interval funds.
C
Private Credit
9 funds · 5 sponsors
BDCs and direct lending vehicles.
E
Energy
6 funds · 3 sponsors
Drilling partnerships and energy infrastructure.
I
Infrastructure
4 funds · 2 sponsors
Toll roads, power generation, fiber.
P
Private Equity
5 funds · 3 sponsors
Growth, buyout, and secondaries.
V
Venture & Growth
3 funds · 2 sponsors
Late-stage venture exposure.
Three live tabs · Buy / Maintenance / Explore — click any to switch

What is shown. Six representative tiles. The launch shelf holds 30–50 products at go-live.

What every card includes. Sponsor, fund name, security type, single Begin CTA — and a dropdown for "Start Purchase" vs "View Materials" (data room).

For AssetMark. Same UX for every product, regardless of issuer size or fund category.

Why this works

One pane of glass for an advisor. No second portal, no email-attached PPM. The Begin button kicks off the same workflow on every fund — Phase 1 ships exactly this view.

Marketplace Preview · Product overview & data room

One product page. Every document.

Each fund card opens into a full data room — PPM, fact sheet, decks, historicals. Sponsors upload; Aqua tracks access; advisors send to clients without leaving the platform.

wealth.assetmark.com/products/harbor-stone-direct-lending/materials
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Product Overview

Dashboard  ›  Harbor Stone Direct Lending Fund · A Beneficial Interests
OverviewProduct Materials
Harbor Stone Direct Lending Fund
Class A Beneficial Interests
Send Materials
Filter by Type
Confidential Private Placement Memorandum
CLASS A BENEFICIAL INTERESTS IN
HARBOR STONE DIRECT LENDING FUND
Maximum Offering: $250,000,000
500 Class A Interests · Minimum: $50,000
Harbor Stone DLF
Private Placement Memorandum
04/12/2026
Harbor Stone
Direct Lending Fund
A Class A Beneficial Interests
$250,000,000Offering Amount
9.20%Target Yield
$50,000Minimum
Harbor Stone DLF Fact Sheet
Fact Sheet
04/12/2026
Q1 2026 Quarterly Report
PORTFOLIO & PERFORMANCE UPDATE
Trailing twelve-month review · portfolio composition · outlook
Q1 2026 Update
Quarterly Report
04/15/2026
Data room · PPM · Fact Sheet · Quarterly Report · tracked access

Sponsor side. Fund managers upload any materials they want — PPMs, fact sheets, decks, historicals, quarterly reports. Aqua tracks who opens what.

Advisor side. "Send Materials" mails the docs directly to a client or prospect, with a secure link. No off-platform attachments, no PPM emailed and lost.

For AssetMark. Education and diligence content sit alongside the marketplace experience — on a tab AssetMark controls, not a sponsor marketing page.

Secure, tracked, configurable

Sponsors see what is being read in real time. Advisors send to clients in a single click. AssetMark controls the separation between product info and education content — both live inside the marketplace, both on AssetMark-controlled surfaces.

Marketplace Preview · Boutique easy button

Boutique alts — same easy button.

Boutique managers ride the same data model, conditional logic, e-sign, and fund-admin routing as the largest issuers. Data flows directly into AssetMark's portfolio accounting — same standard, regardless of fund size.

wealth.assetmark.com/dashboard?type=boutique
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Alts Marketplace · Boutique & emerging managers

Same workflow · same conditional logic · same direct data flow into AssetMark's portfolio accounting
Funds Models Maintenance Explore

Boutique alts · 8 funds

Same easy-button workflow whether the issuer is $50B or $50M.
Filter: Boutique ▾
Ridgepoint Capital
Ridgepoint Energy Transition Fund II
Security TypePrivate Placement
Begin
Cobalt Lane Partners
Cobalt Lane Real Assets Fund
Security TypeInterval Fund
Begin
Harbor Stone Investments
Harbor Stone Direct Lending Fund
Security TypeBDC
Begin
Blackstone
Blackstone Real Estate Income Trust
Security TypeREIT
Begin
KKR
KKR Diversified Income
Security TypeInterval Fund
Begin
Meridian Yield
Meridian Yield Opportunities
Security TypePrivate Credit
Begin
Easy button · 1Begin → 2Auto-populated form → 3E-sign → 4Routed to fund admin
Boutique and major issuers on the same shelf · the same 4-step easy button on every fund

Trigger. Advisor clicks Begin on a boutique alt fund — same flow as Blackstone or KKR.

Mechanic. Aqua builds a custom data model for every product on the platform. Boutique funds get the same conditional logic, e-sign, fund admin routing, and clean data hand-off to portfolio accounting as the largest issuers.

Portfolio accounting. Same shape of data lands in AssetMark's books regardless of fund size. No bespoke build per manager. As the boutique-alts segment grows, the data model stays clean and reconciliation stays automated.

Operational scale across the boutique segment

The easy-button workflow is fund-size agnostic. Same conditional logic, same NIGO prevention, same direct integrations to fund admins / TAs / custodians. The portfolio-accounting data model is identical whether the fund is $50B or $50M — segment growth does not add ops headcount.

Marketplace Preview · Subscription & conditional logic

Conditional logic prevents NIGOs.

Subscription forms auto-populate from AssetMark's investor record. Inline validation prevents the wrong purchase amount, the wrong share class, the wrong tax ID. The advisor cannot trigger the error that creates a NIGO downstream.

wealth.assetmark.com/orders/new?fund=harbor-stone-dlf
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

New Buy Order · Harbor Stone Direct Lending Fund

Step 1 of 5 · Account Information
Account Details
Select an investor account. Auto-populated from AssetMark CRM.
Investor Account · auto-populated 123, Tom Bates, Tom Bates — Individual · 36137294768 FROM ASSETMARK CRM
Custodial Arrangement
Holding Option · auto-bound to AssetMark Trust Company AssetMark Trust Company · No. 36137294768
Purchase Type
Purchase Amount · editable $
Conditional warning. Purchases below the minimum amount are subject to further review. Initial purchase minimum is $50,000.00.
Continue →
New Buy Order · CRM-prefilled · conditional warnings in real time

Auto-population. Investor account, custodian (AssetMark Trust Company), and KYC details flow from AssetMark's investor record — advisor does not re-type.

Conditional logic. Aqua holds a unique data model per product. Wrong amount, wrong share class, wrong tax ID, wrong entity name — the form catches it before the advisor moves on.

For AssetMark. NIGOs — the rework-loop driver in alts ops — are eliminated at input.

NIGO elimination at input

Conditional logic catches the most common subscription errors at input — wrong amount, wrong share class, wrong tax ID, wrong entity. Email-based subscription workflows convert these into rework loops; in-platform validation closes the loop at the source.

Marketplace Preview · Order overview & account binding

Order overview — everyone on one screen.

Investor info, advisor info, supporting documents, custodial binding, and workflow stage — all on a single page.

wealth.assetmark.com/orders/HSD-2026-04219
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Order Overview

Harbor Stone Direct Lending Fund · Order HSD-2026-04219
Cancel OrderEdit OrderPreview
Investor
Tom Bates
tom.bates@example.com · 123-123-1234
Sending
Tom Bates Jr.
patrick.dolan@example.com · 876-545-6783
Not sent
Advisor
Marketplace Advisor
pchen@acmewealthpartners.com
Pending sig
Supporting Documents
ID document · Empire Group Uploaded
TOM BATES · 04/19/2026 10:26 AM · gov-issued-id.png
ID document · Empire Group Uploaded
TOM BATES JR. · 04/19/2026 10:27 AM · gov-issued-id.png
Account Details
CustodianAssetMark Trust Company
Account No.36137294768
Holder123 · Tom Bates · Individual
Purchase TypeInitial
Amount$50,000
StageSupporting Docs · 4 / 5
ASSETMARK TRUST BINDING
Order overview · AssetMark Trust Company-style account binding · right-sidebar workflow stage tracker

Single source of truth. Investor, advisor, KYC docs, fund admin, custodian, current stage — one page. Status pills show who has the pen.

Account binding. AssetMark Trust Company is bound on the right rail. Every transaction is anchored to a specific custodial account by design.

For AssetMark. Compliance + advisor + ops all see the same thing. 17a-4 record-keeping happens automatically.

One page of record per order

Compliance, advisor, and ops see the same view of every order. Status pills show who has the pen. 17a-4 record-keeping requirements are satisfied automatically. The email + spreadsheet patchwork of conventional alts ops is replaced by a single workflow tracker.

Marketplace Preview · Document vault integration

One DocuSign package. Routed everywhere it belongs.

When the order completes, the final document package flows automatically — to AssetMark's internal vault, to the fund admin / TA, to the trade blotter. One source of truth, all destinations notified.

wealth.assetmark.com/orders/HSD-2026-04219/complete
AssetMarkAssetMark'">
DashboardOrdersAccountsAdmin
JM

Order Complete · Harbor Stone Direct Lending Fund

Final package signed · routing to all destinations
Source · Aqua
Final document package
  • Signed subscription agreement
  • Investor information form
  • Substitute W-9 / tax certification
  • KYC documents (ID + accreditation)
  • Trade ticket · $50,000 initial
→
Auto-routed
on completion
→
AssetMark · Featured destination
AssetMark document vault
Finished package routed to AssetMark's internal vault. Accessible to client, advisor, firm, and fund manager.
Counterparty
Fund admin / TA
Subscription package + supporting docs delivered to the fund's transfer agent via integrated workflow.
Custody · Compliance
AssetMark Trust Company · trade blotter · 17a-4
Custody bound. Trade blotter updated. 17a-4 record-keeping requirements satisfied automatically for broker-dealers.
One completion event · multi-destination routing · integrations are config, not custom

Trigger. Order moves to "Complete" — all signatures gathered, all docs validated.

Mechanic. Aqua pushes the finished package to every destination AssetMark configures — internal vault, fund admin/TA, custody system, and broker-dealer 17a-4 archives.

For AssetMark. The internal vault becomes the canonical source. Advisor and client can also pull from Aqua. No off-platform document chasing.

Configurable destination routing

Aqua integrates with whatever data vault AssetMark uses for finished documents. Deposit is automatic on order completion. Counterparty integrations (fund admin / TA / custody / 17a-4 archive) ship with the platform — no custom build.

Marketplace Preview · Education portal

A white-labeled education portal for the AssetMark advisor network.

Macro alts education built for AssetMark advisors. Configurable curriculum, tracked usage, on an AssetMark-controlled surface — not a sponsor marketing page. Co-built with AssetMark's content team.

assetmark-alts-education-portal.pages.dev
AssetMarkAssetMark'">
LibraryLearnTrack ProgressAdmin
JM

Macro Alts Education

Built jointly with AssetMark's content team · tracked completion · tied to product approvals
A
Foundations of Alternatives
12 modules · 90 min
IF
Interval Funds in Practice
8 modules · 60 min
PC
Private Credit Mechanics
10 modules · 75 min
H
Allocating Alts in a Household
6 modules · 45 min
Curriculum progress · Tom Bates Advisor Group
Foundations
78%
Interval Funds
54%
Private Credit
31%
Live preview · assetmark-alts-education-portal.pages.dev

White-labeled. AssetMark brand throughout. Modules organized by asset class, allocation use case, and advisor proficiency level.

Tracked usage. Per-advisor completion rates visible in admin. Modules can gate access to specific product categories.

Co-built content. Curriculum produced jointly with AssetMark's content team. Aqua owns the platform; AssetMark owns the editorial.

Visit the live preview →
Opens in a new tab · assetmark-alts-education-portal.pages.dev

What ships in Phase 1

Initial curriculum covering interval funds, DSTs, private credit, and portfolio construction. Module gating is optional — AssetMark configures whether completion is required before allocating into a category.

Implementation

Sixty to ninety days to live capability. One contract. One data model.

An internal build is a multi-year engineering roadmap. A multi-vendor stitch is twelve months of integration and a permanent reconciliation tax. Aqua and AIX is one signing, one contract, one data model — live in sixty to ninety days on AssetMark’s brand, with the four launch funds in production from day one.

Internal build
24+
Months to live capability
Roadmap competes with traditional-asset priorities. Engineering, compliance, fund-admin connectivity, custody integration, document orchestration, advisor UX — each a distinct project. Ongoing platform-team headcount once live.
Multi-vendor stitch
12
Months to live capability
Marketplace, transaction stack, fund-admin integration, custody routing, e-signature, and document vault sourced from separate providers. A permanent reconciliation tax across surface and back-office.
Aqua + AIX partnership
60—90
Days to live capability
Single contract. Single operating layer. The four launch funds in production from day one. AIX infrastructure already powering full-lifecycle alts processing across the wealth-tech ecosystem; Aqua adds the advisor-facing layer on top.
AIX administers the complete transaction stack for fund administrators, broker-dealers, and RIAs across alternative investments today. The integration with AssetMark is a configuration of the AssetMark brand, the AssetMark diligence record, and the AssetMark advisor identity. The infrastructure is not being built. The infrastructure exists.
Q2 working session

Three discussion areas for the working session proposed in October.

McNatt asked at Tiburon to reconnect in Q1 after the launch. The launch is live. Proposed: a sixty-to-ninety minute working session with the AssetMark wealth-solutions team in Q2, on the three extensions below.

i.

Extending the shelf.

Sequencing additional categories — private-equity evergreens, BDCs, DSTs, structured products — into the AssetMark diligence pipeline. Boutique and emerging managers onto the same shelf as the four launch funds.
ii.

Model-driven alts at the advisor desk.

Extending AssetMark’s model-portfolio architecture into alternatives. One model change, executed per-account across every affected SMA and UMA. The structural unlock for the existing advisor base.
iii.

Productizing the gatekeeper function.

Equipping AssetMark’s diligence team with admin-level controls — asset-class toggles, manager onboarding patterns, guardrail configuration — that scale the gatekeeper function without scaling headcount.
Request a working session →
Or reply directly to Joe Ujobai · joe.ujobai@aixplatform.com · 917.854.0971
Joe Ujobai
CEO, AIX · Director of Partnerships, Aqua
Rohan Marwaha
Co-Founder & CEO, Aqua
David Coyle
Head of Growth, Aqua
Dev Patel
Co-Founder & Head of Engineering, Aqua
Sara Murphy
Head of Operations, AIX