Adhesion Wealth

Adhesion Wealth runs a unified managed account platform with outsourced trading for registered investment advisers. It works with firms moving from another platform, firms reconsidering how much they outsource, advisors moving to independence, and asset managers that distribute models.

Advisors decide which managers to use, how portfolios are built and how trades are set up, while Adhesion handles trading, rebalancing and tax management. The company says advisors can draw on models from more than 300 asset managers, either as separate accounts or as sleeves inside a single UMA account with one statement. Services include tax overlay management, direct indexing, client restrictions, cash management, tax transition work for accounts with large unrealized gains, investment consulting and help building custom models. The advisor desktop adds performance reporting, proposal generation, practice analytics and digital account enrollment.

Adhesion says it works across multiple custodians and connects to the custodians and reporting tools a firm already uses, with live service from 8 a.m. to 8 p.m. Eastern. Founded in 1999, the company is headquartered in Charlotte, North Carolina, and is a wholly owned subsidiary of AssetMark Financial Holdings, Inc.