Concord, Calif.-based AssetMark has agreed to acquire Aris Corporation of America.

Aris Corporation is a financial services firm that provides wealth management, retirement and trust service solutions to independent financial advisors. The firm will operate as a division of AssetMark.

Headquartered in State College, Pa., Aris Corporation has $1.7 billion in assets under management, serves approximately 600 advisors and has 49 employees.

AssetMark, a consulting and investment resource for independent financial advisors, will have approximately $25 billion in total assets on its platform after the deal closes, which is scheduled for the end of this year. The terms of the deal were not disclosed.

“The unique asset management, retirement and purpose-based solutions offered by Aris complement our existing lineup and are attractive to advisors looking to expand their offering to clients,” said Jerry Chafkin, chief investment officer at AssetMark.