AssetMark Data Breach Lawsuit Investigation
Received a May 2026 breach notice from AssetMark?
Dapeer Law, P.A. is investigating a potential class action against AssetMark, Inc., a Concord, California based wealth management platform, on behalf of customers whose personal information may have been exposed in the May 2026 cyber incident.
Who may qualify
You may be eligible to participate in a class action if any of the following applies:
- You received a data breach notification letter from AssetMark dated May 2026.
- Your letter offered enrollment in free Epiq Privacy Solutions ID credit monitoring and identity theft protection.
- You had personal or financial information held by the company in its capacity as a wealth management platform serving financial advisors and their clients.
- No proof of harm required to consult with counsel. You do not need to have already suffered identity theft to explore your legal options.
- Excluded: individuals who did not receive a breach notice and whose information was not involved in the incident.
Not sure if you qualify?
Send us your notice, we'll confirm your eligibility at no cost.
What happened
On May 15, 2026, AssetMark, Inc., a Concord, California based wealth management platform serving financial advisors and their clients, identified suspicious activity involving certain employee login credentials. The company's investigation determined that on the same day, an unauthorized user accessed AssetMark's environment and downloaded files containing customer information. According to the notice filed with the California Attorney General, the incident was isolated to AssetMark's systems and did not involve customers' financial advisors.
By May 18, 2026, AssetMark confirmed that some of the downloaded files contained personal information, including names and Social Security numbers. The company reported the incident to Texas regulators on June 18, 2026 and filed notice with the California Attorney General on June 26, 2026, roughly one month after discovery. AssetMark's Texas filing reported 29,802 individuals affected. Affected individuals are being offered 24 months of complimentary credit monitoring and identity theft protection through Epiq Privacy Solutions ID.
Because Social Security numbers cannot be easily changed, their exposure creates a long-term risk of identity theft, fraudulent accounts, and tax fraud. Whether AssetMark's safeguards around employee credentials met legal standards is among the issues being evaluated.
What to do if you received a letter
Keep your notice letter
Do not discard it. Your letter contains the activation code for credit monitoring and is important evidence if you decide to participate in a lawsuit.
Enroll in the free 24-month credit monitoring
Enroll in the Epiq Privacy Solutions ID monitoring offered in your letter before the enrollment deadline printed at the top of your notice. Accepting this benefit does not waive your right to pursue legal action.
Place a fraud alert or credit freeze
Contact Equifax, Experian, and TransUnion to place a fraud alert or freeze on your file. Request a free weekly credit report from AnnualCreditReport.com, and use the FTC's IdentityTheft.gov recovery guide.
Speak with a data breach attorney
Consultations with Dapeer Law are free and confidential. We'll review your notice, explain your options, and advise whether you may be eligible to join a class action.
Submit your notice for a free review
Two minutes online. A licensed attorney reviews every submission.
Breach timeline
Compensation you may be entitled to
Out-of-pocket expenses
Credit freezes, identity restoration services, and other costs incurred responding to the breach.
Time spent monitoring
Hours spent reviewing accounts, disputing fraudulent charges, and dealing with identity theft issues.
Identity theft & fraud losses
Unreimbursed funds stolen from accounts, unauthorized credit lines, or tax refund fraud tied to the breach.
Statutory damages
Certain state data breach and consumer protection statutes provide for fixed damages regardless of actual loss.
Injunctive relief
Court orders requiring the company to implement stronger data security practices going forward.
Compensation categories depend on applicable state law, the types of data exposed, and documented losses. No recovery is guaranteed.
Common questions
I received a data breach letter from AssetMark. What should I do? +
Keep the letter, enroll in the free 24-month Epiq Privacy Solutions ID credit monitoring before the enrollment deadline printed in your notice, place a fraud alert or credit freeze on your credit files, monitor bank and brokerage statements for unfamiliar activity, and contact a data breach attorney for a free consultation. Accepting credit monitoring does not waive your right to sue.
Am I eligible to join a class action against AssetMark? +
If you received a June 2026 breach notice from AssetMark, you are likely eligible for a free case evaluation. Eligibility depends on your state of residence, the categories of your data that were exposed, and any losses you have suffered. Dapeer Law will review your notice at no cost.
How much money could I receive from a class action lawsuit? +
Data breach class action recoveries vary significantly. Settlements typically range from a few hundred dollars for basic out-of-pocket losses to several thousand dollars for documented identity theft, with class size, damages, and negotiation all affecting the final amount. No payout is guaranteed, and this investigation has not yet resulted in a settlement.
What personal information was exposed in the breach? +
According to AssetMark's notice, the downloaded files contained customers' names and Social Security numbers. Your individual notice letter lists the specific data elements involved for you, so review it carefully.
Did AssetMark offer free credit monitoring? +
Yes. AssetMark is providing 24 months of complimentary credit monitoring and identity theft protection through Epiq Privacy Solutions ID, including single-bureau credit monitoring with alerts, SSN and dark web monitoring, identity restoration assistance, and up to $1 million in identity theft insurance. Enroll before the deadline printed in your letter. Enrollment is separate from, and does not waive, your right to pursue a claim.
How many people were affected by the AssetMark breach? +
AssetMark reported that 29,802 individuals were affected in its filing with Texas regulators. The nationwide total has not been separately disclosed. This page will be updated as additional information becomes available.
Is there a deadline to take legal action? +
Yes. Statutes of limitations for data breach claims vary by state and legal theory, typically ranging from one to six years. Waiting can permanently bar your claim. Contact us as soon as possible for a free evaluation.
How do I get a copy of the official breach notice? +
The official breach notice is available through the California Attorney General's public data breach portal (linked in Sources below). If you received a letter but no longer have it, Dapeer Law can assist you in obtaining a copy during your free consultation.
Sources & references
- Official breach notice filing · California Attorney General, Official Breach Notice (PDF)
- Company · AssetMark, Inc. (assetmark.com)
- Credit bureau freezes · Equifax · Experian · TransUnion
- Free weekly credit reports · AnnualCreditReport.com
- Identity theft recovery guide · FTC IdentityTheft.gov
Don't let the deadline decide for you. Submit your claim today.
You only have a limited window to act. Our team will review your notice, explain your options, and tell you whether you may be eligible to recover compensation, at no cost to you.
