Financial Services Provider Assetmark Acquires Stake in Managed Services Provider Centurylink

August 19, 2016
Financial Services Provider Assetmark Acquires Stake in Managed Services Provider Centurylink
Financial services provider Assetmark Inc (Assetmark) has acquired a stake in managed services provider Centurylink Inc (CenturyLink). Assetmark, which has headquarters in Concord, California, United States, is a “leading independent provider of innovative investment and consulting solutions serving financial advisors”. In operation for over two decades, the company has $29.5 billion in combined assets. The company has bought 38,285 additional shares in Centurylink, bringing its total share of the company to 283,515 with a value of $8,624,526.

Centurylink has headquarters in Monroe, Louisiana, United States and its a “global communications, hosting, cloud and IT services company”. The company provides innovative technology solutions that enable “millions of customers to transform their businesses and their lives”.

With 55 data centers located in North America, Europe and Asia, Centurylink’s services extend to network and data systems management, Big Data analytics and IT consulting. Assetmark’s shares in Centurylink represent 0.14% of its portfolio. A number of other Hedge Funds, including Genovese Burford Brothers Wealth Retirement Plan Management, increased stakes in Centurylink during the latest quarter.

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