2025 AssetMark Advisor Insights: Private Markets Report

Advisors are signaling that private markets are no longer optional in client portfolios. They are a strategic necessity. The 2025 AssetMark Advisor Insights: Private Markets Report shows client demand for diversification, exclusivity, and inflation protection is accelerating.

Top Takeaways:

• Private markets have shifted from niche to necessity, with 91% of advisors viewing access as key for differentiation.
• Nearly seven in ten advisors not currently offering private markets plan to do so within the next year, driven by strong client demand.
• Barriers such as high minimums and limited liquidity remain significant. Seamless, transparent solutions with strong integration are critical.
• Advisor willingness to switch firms for private market access signals rising competition and growing urgency for firms to adapt.
• Untapped potential exists among advisors serving clients with significant assets and income but not yet offering private markets, particularly next-generation investors seeking sophisticated and accessible wealth solutions.

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AssetMark is equipping advisors to guide their clients toward new sources of resilience and diversification as wealth management changes to meet new expectations. What was once a complex process built for institutions is becoming easier to access and manage through better tools and smarter infrastructure. With careful management of liquidity windows, rigorous due diligence, and turnkey operational support, AssetMark can enable advisors to bring private markets into portfolios with more confidence and less friction.

The AssetMark Advisor Insights Survey was conducted in September 2025, sampling 400 U.S. financial advisors. The margin of error for the study is ±4.9%.

Important Information about the Risks of Investing in Private Assets

This is for informational purposes only, it is not a solicitation, and should not be considered investment, legal, or tax advice. The report has been drawn from sources believed to be reliable, but its accuracy is not guaranteed and is subject to change.

Investing in private assets, which are accessed through private markets, involves significant risks, including the risk of complete loss. Past performance does not guarantee future results. There is no assurance that private asset investments will achieve their stated investment objectives.

Private asset investments are often illiquid, meaning an investor's ability to sell may be limited for extended periods of time. Investors with a future need for liquidity, i.e., access to cash, should carefully consider if private asset investments are appropriate for their particular financial situation. An investor's ability to make asset allocation changes to portfolios and to implement tax management strategies may also be limited.

Investing in private markets is intended for experienced and knowledgeable investors who are able to bear the risks of the investments. Financial advisors should conduct a due diligence review of private asset investments to determine if they are appropriate for their client's financial circumstances, including goals, risk tolerance, and overall portfolio objectives.

For more complete information about the various investment solutions available, including the investment objectives, risks, and fees, please refer to the Disclosure Brochure and applicable Fund Prospectus. Please read them carefully before investing. For a copy, please contact AssetMark.

AssetMark, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission.

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8568210.1 | 11/2025 | EXP 11/312027