Lee Davidson Steps in To Drive AssetMark’s Data Function As CDO

When Lee Davidson designed the Medalist Rating at Morningstar it changed how financial data could inform smarter decisions at scale. Now, Davidson is stepping into a new role as Chief Data Officer at AssetMark.

“Super excited to join the all-star team at AssetMark and be part of such an incredible culture of client service and advocacy,” Davidson posted on LinkedIn this week.

Davidson brings industry chops, having previously led a 1,500-person data and analytics division at Morningstar that delivered over $750 million in direct revenue with margins north of 45%. He also currently serves as Managing Partner at Investiture, LLC and advises early-stage data and AI startups through the InvestInData collective. It’s this combination of enterprise-scale leadership and startup agility that AssetMark is betting on as it accelerates its transformation from platform provider to intelligence engine.

His appointment comes on the heels of two major moves by the firm. In December last year, AssetMark acquired Morningstar Wealth’s Turnkey Asset Management Platform (TAMP) assets, adding $12 billion to its platform. The deal brought deeper integration with Morningstar’s investment tools, allowing AssetMark to offer expanded model portfolios and separately managed accounts to its 9,000-plus advisor base.