AssetMark Financial Holdings, Inc. - AMK STOCK NEWS

AssetMark Financial Holdings (NYSE: AMK) reported robust growth in its January 2022 metrics, showcasing significant year-over-year increases. Platform assets reached $90.5 billion, marking a 21.3% rise. The net flows were recorded at $650 million, up 31.6%. The company's trust company client cash also grew, totaling $2.85 billion, a 16.8% increase. Furthermore, the number of households served increased to 211,601, up 12.5% year-over-year. These figures reflect AssetMark's strong performance in the wealth management sector.

AssetMark launches Marketing Advantage, an all-in-one platform aimed at empowering financial advisors to enhance their branding and client relationships. The platform offers a versatile suite of client-facing content, including videos, articles, and infographics, all designed for compliance. It integrates CRM tools, automated emails, and an event dashboard. This marketing solution, combined with personalized consulting, enables advisors to create effective strategies and focus more on client engagement. AssetMark had $89.8 billion in platform assets as of November 30, 2021.

AssetMark has launched WealthBuilder Prospecting, a new tool aimed at enhancing lead management for financial advisors. The tool allows advisors to create a unique link in about 20 minutes, directing potential clients to a discovery process regarding their financial journeys. Advisors are alerted when leads engage and can utilize a dashboard to track prospects efficiently. This innovation seeks to optimize time and resources spent on traditional prospecting methods, offering advisors a streamlined way to foster client relationships effectively.

AssetMark Financial Holdings (NYSE: AMK) will release its financial results for Q4 2021 on February 15, 2022, after the U.S. market closes. A conference call will be held that day at 5:00 PM ET to discuss these results. Shareholders and interested parties are invited to listen via the AssetMark Investor Relations website or through a pre-registration link. As of September 30, 2021, AssetMark managed $86.8 billion in platform assets, highlighting its extensive wealth management capabilities.

AssetMark Financial Holdings, Inc. (AMK) has announced a new Amended and Restated Credit Agreement providing a $500 million Senior Secured Credit Facility, which includes a $375 million revolving facility and a $125 million term loan. This facility offers an accordion feature for an additional $100 million and will mature in 2027. The company plans to retire $115 million of outstanding debt with these funds, reducing borrowing costs and enhancing financial flexibility. CFO Gary Zyla emphasized the opportunity for strategic growth through acquisitions and operational investments.

AssetMark Financial Holdings, Inc. (AMK) announced substantial growth metrics for December 2021. The platform assets reached $93.5 billion, marking a 25.5% increase year-over-year. Net flows for the month were $1.1 billion, reflecting a remarkable 67.0% year-over-year growth. Additionally, client cash at AssetMark Trust Company increased to $2.93 billion, an 11.8% rise, while the number of households served grew to 209,900, up 12.5% year-over-year. These positive developments emphasize AssetMark's robust performance and service expansion.

AssetMark Financial Holdings (AMK) reported robust growth metrics in its November 2021 “AssetMark Monthly Knowledge” Report. The company’s platform assets reached $89.8 billion, reflecting a 25.1% year-over-year increase. Notably, net flows surged to $994 million, up 98.4% year-over-year. The cash held by AssetMark Trust Company clients totaled $2.62 billion, marking a 4.8% year-over-year increase. Additionally, the number of households utilizing AssetMark’s services grew by 12.2%, totaling 207,432 households.

AssetMark Financial Holdings, a leader in wealth management solutions, will attend the Goldman Sachs Financial Services Conference on December 7, 2021, in New York, NY. The Company will facilitate one-on-one and group meetings for analysts and portfolio managers. Interested parties should reach out to Goldman Sachs for meeting requests. AssetMark operates through its registered investment adviser subsidiary, delivering integrated technology, personalized service, and curated investment solutions aimed at enhancing the advisory experience.

AssetMark Financial Holdings (NYSE: AMK) reported significant growth in its October 2021 metrics. The platform assets rose to $90.3 billion, a 35.8% increase year-over-year. Net flows reached $892 million, marking a substantial 125.3% growth from the previous year. However, the client cash with AssetMark Trust Company decreased slightly to $2.43 billion, down 1.6% year-over-year. The number of households served increased by 12.0% to 205,808.