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AssetMark Financial Holdings, Inc. - AMK STOCK NEWS

Welcome to our dedicated page for AssetMark Financial Holdings news (Ticker: AMK), a resource for investors and traders seeking the latest updates and insights on AssetMark Financial Holdings stock.

AssetMark Financial Holdings, Inc. (NYSE: AMK) is a prominent wealth management technology platform based in Concord, California. Established in 1996, AssetMark provides a comprehensive suite of innovative investment and consulting solutions designed to empower independent financial advisors. With a strong focus on simplifying client engagement and enhancing advisor efficiency, the company serves over 9,200 financial advisors and more than 257,000 investor households.

AssetMark's platform stands out for its end-to-end services that encompass almost every aspect of an advisor’s interaction with clients. This includes initial consultations, ongoing financial planning, performance reporting, and billing. By providing extensive tools and capabilities, AssetMark enables advisors to streamline their day-to-day business activities, allowing them to spend more time on meaningful client interactions.

As of the first quarter of 2024, AssetMark boasts approximately $117 billion in platform assets, demonstrating its significant market presence and continuous growth. The company's recent achievements include a 21.5% year-over-year increase in platform assets and a substantial rise in net income.

In April 2024, AssetMark entered into a definitive agreement to be acquired by GTCR, a leading private equity firm, for $35.25 per share in cash, valuing the company at approximately $2.7 billion. This acquisition is expected to further enhance AssetMark’s growth trajectory by expanding its product offerings and maintaining its high standard of client service.

AssetMark’s relentless service ethic, coupled with its robust client relationship support, sets it apart in the wealth management industry. The company's ecosystem of solutions, including affiliates like Voyant and Adhesion Wealth, provides advisors with the necessary tools to deliver superior investor outcomes and improve their productivity, profitability, and client satisfaction.

For more detailed information about AssetMark Financial Holdings, Inc., visit their website at www.assetmark.com.

News

AssetMark Launches Advisor Dashboard, First Step in Broader Digital Ecosystem Enhancements

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AssetMark launches Advisor Dashboard to enhance efficiency for financial advisors. The platform provides real-time client and business insights, empowering advisors with customizable dashboards for better management.
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AssetMark Reports $108.9B Platform Assets for Fourth Quarter 2023

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AssetMark Financial Holdings, Inc. (AMK) reported strong financial results for Q4 2023, with net income of $34.6 million and adjusted net income of $44.0 million. Platform assets increased by 19.1% year-over-year to $108.9 billion, with over 9,300 advisors and 254,000 investor households on the platform.
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January AMK Report

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AssetMark Financial Holdings, Inc. (AMK) reported positive results in its 'AssetMark Monthly Knowledge' Report for January 2024. Platform assets reached $109.7 billion, up 14.5% YoY, with net flows of $432 million, a 24.5% YoY increase. Despite a decrease in client cash, the number of households grew by 5.6% YoY to 256,078.
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AssetMark to Announce Fourth Quarter 2023 Results on February 21, 2024

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AssetMark Financial Holdings, Inc. (AMK) will release its financial results for the quarter ended December 31, 2023, on February 21, 2024, after the U.S. market close. A conference call and webcast will be held at 5:00 pm ET on the same day to discuss the results. Shareholders and interested parties can access the webcast on the AssetMark Investor Relations website or pre-register for the conference call.
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AssetMark Launches Tax Management Services to Help Advisors Unlock Tax Efficiencies for Their Clients

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AssetMark, a wealth management platform, has announced the launch of its new Tax Management Services, including tax transitions, tax-efficient rebalancing, and loss harvesting. The services aim to help drive better outcomes on taxable assets through a personalized and user-friendly process for advisors and clients. The comprehensive suite of solutions was developed in response to strong demand from advisors for a top-tier tax management solution. The platform enables advisors to personalize plans for each client's unique needs and provides comprehensive reporting to quantify their positive impact and value to clients.
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December AMK Report

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AssetMark Financial Holdings, Inc. (NYSE: AMK) released its 'AssetMark Monthly Knowledge' Report, revealing platform assets of $108.9 billion, up 19.0% year-over-year, with net flows of $628 million, up 82.0% year-over-year. However, AssetMark Trust Company client cash was $3.05 billion, down 13.8% year-over-year, and the number of households increased 5.4% year-over-year to 254,110 at the end of December.
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November AMK Report

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AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report, showing platform assets of $104.1 billion, up 19.5% year-over-year, with net flows of $303 million, up 8.2% year-over-year. Despite a decrease in AssetMark Trust Company client cash by 18.0% year-over-year, the number of households increased by 12.5% year-over-year to 253,068.
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AssetMark to Attend the Goldman Sachs Financial Services Conference

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AssetMark Financial Holdings, Inc. (NYSE: AMK) to attend Goldman Sachs Financial Services Conference
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October AMK Report

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AssetMark Financial Holdings, Inc. (NYSE: AMK) released its 'AssetMark Monthly Knowledge' Report, revealing a 18.1% year-over-year increase in platform assets to $97.8 billion. Net flows were up 18.0% year-over-year, reaching $334 million in October 2023. The number of households also rose by 12.0% year-over-year to 252,079. However, AssetMark Trust Company client cash decreased by 16.3% year-over-year to $2.92 billion.
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AssetMark Reports $99.6B Platform Assets for Third Quarter 2023

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AssetMark Financial Holdings, Inc. (NYSE: AMK) reported strong financial results for Q3 2023. Net income was $38.4 million, or $0.52 per share. Adjusted net income was $46.0 million, or $0.62 per share. Total revenue was $190.5 million. Platform assets increased 25.5% YoY to $99.6 billion. 3,400 new households and 158 new producing advisors joined the platform. Adjusted EBITDA was $66.5 million, or 34.9% of total revenue.
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FAQ

What is the current stock price of AssetMark Financial Holdings (AMK)?

The current stock price of AssetMark Financial Holdings (AMK) is $35.24 as of September 5, 2024.

What is the market cap of AssetMark Financial Holdings (AMK)?

The market cap of AssetMark Financial Holdings (AMK) is approximately 2.6B.

What does AssetMark Financial Holdings, Inc. do?

AssetMark Financial Holdings, Inc. is a wealth management technology platform that provides innovative investment and consulting solutions to independent financial advisors, helping them manage client interactions from initial consultations to ongoing financial planning.

How many financial advisors does AssetMark serve?

As of the first quarter of 2024, AssetMark serves over 9,200 financial advisors.

What is the total value of assets on AssetMark's platform?

As of the first quarter of 2024, the total value of assets on AssetMark's platform is approximately $117 billion.

What recent acquisition has AssetMark announced?

In April 2024, AssetMark announced an acquisition by GTCR, a leading private equity firm, for $35.25 per share, valuing the company at approximately $2.7 billion.

How does AssetMark support financial advisors?

AssetMark supports financial advisors by providing an end-to-end platform that includes tools and capabilities for performance reporting, billing, and day-to-day business management, enabling advisors to focus on meaningful client interactions.

Where is AssetMark based?

AssetMark is based in Concord, California.

What sets AssetMark apart in the wealth management industry?

AssetMark's comprehensive end-to-end platform, extensive support for client relationships, and its ecosystem of solutions, including affiliates like Voyant and Adhesion Wealth, distinguish it in the wealth management industry.

What is the value proposition of AssetMark for independent financial advisors?

AssetMark provides a flexible and comprehensive platform that empowers advisors to engage clients effectively, manage their business efficiently, and improve productivity and profitability without significant investments of time and money.

What major achievements did AssetMark report for the first quarter of 2024?

For the first quarter of 2024, AssetMark reported a 21.5% year-over-year increase in platform assets and substantial growth in net income.

How can I learn more about AssetMark Financial Holdings, Inc.?

For more detailed information about AssetMark Financial Holdings, Inc., you can visit their official website at www.assetmark.com.

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AssetMark Financial Holdings, Inc.

NYSE:AMK

AMK Rankings

#1748 Ranked by Market Cap
N/A Ranked by Dividends

AMK Stock Data

2.64B
22.88M
69.1%
32.66%
1.55%
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