AssetMark CEO Natalie Wolfsen leaves for Orion

  • After about two and a half years in the position
  • Michael Kim taking over

(exechange) — Concord, California, September 8, 2023 — Natalie Wolfsen, chief executive of AssetMark, leaves her position. As announced by AssetMark Financial Holdings Inc. in a news release and in a regulatory filing published on Friday, September 8, 2023, Natalie Wolfsen leaves her post as chief executive officer at the operator of a wealth management platform, after about two and a half years in the role, effective immediately.

Generally speaking, it raises questions when a CEO leaves her post abruptly and after a short tenure.

Natalie Wolfsen’s duties as CEO will be taken over by Michael Kim, most recently President and Chief Client Officer at AssetMark Financial Holdings Inc.

Career change

The management change is explained as follows. AssetMark stated: “Natalie Wolfsen will depart the company to pursue another opportunity.”

Wolfsen will be CEO at Orion

Orion Advisor Solutions stated: “Orion Advisor Solutions, a premier provider of wealthtech solutions for fiduciary advisors, today announced a new era for Orion as its Board of Directors named Natalie Wolfsen as the firm’s new Chief Executive Officer, effective mid-October 2023. Natalie will also join Orion’s Board of Directors on that date.”

Orion Advisor Solutions announced the move on Friday, September 8, 2023.

Orion is a provider of wealthtech solutions for fiduciary advisors.


AssetMark said: “On September 5, 2023, Natalie Wolfsen gave notice of her resignation as Chief Executive Officer and director of AssetMark Financial Holdings, Inc.”

Share price increase since March 2021

The announcement follows an increase in AssetMark Financial Holdings Inc.’s share price of 14% since March 2021. March 2021 is the month in which Wolfsen’s tenure as CEO began.

In the position of CEO since 2021

Natalie Wolfsen became CEO of the Company in 2021.

Wolfsen will cease being the Chief Executive Officer and a director on September 08, 2023, and pursuant to the terms of her employment agreement she will cease to be an employee of AssetMark effective October 4, 2023.

Wolfsen has served as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors since March 2021.

Wolfsen previously served as the Company’s Chief Solutions Officer from January 2018 to March 2021, prior to which she served as the Company’s Chief Commercialization Officer from May 2014 to December 2017.

Prior to joining the Company, Wolfsen served as head of Marketing and Product Development for First Eagle Investment Management, an investment management company, from 2011 to 2014.

From 2009 to 2011, Wolfsen served as head of Product Management and Development for Pershing LLC. From 1999 to 2009, Wolfsen held numerous roles with The Charles Schwab Corporation, including Senior Marketing Manager (1999-2000), Senior Manager and Director of Technology (2000-2001), Director of Segment Management (2002-2004), Vice President of Strategy (2004-2007), Vice President of Product Management and Development (2007-2008) and Vice President of Equity Product Management and Development (2008-2009).

Wolfsen holds a B.A. in Political Science from the University of California, Berkeley and an M.B.A. from the University of California, Los Angeles.

No statement by Natalie Wolfsen

The announcement of her departure as CEO does not include a statement by Natalie Wolfsen.

Push-out Score for Natalie Wolfsen’s move determined

The Push-out Score indicates on a scale of 0 to 10 how likely it is that Natalie Wolfsen was pushed out or felt pressure to leave her position.

exechange reached out to AssetMark and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 37.2023 ($).