Assetmark Financial Holdings Inc

AssetMark Financial Holdings, Inc. provides wealth management and technology solutions. It also provides end-to-end experience, spanning nearly all elements of an adviser’s engagement with client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. The company was founded by Ronald Dennis Cordes, Brian O'Toole and Richard Steiny in 1996 and is headquartered in Concord, CA.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2021

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AssetMark reports record 2022 results, outlines growth strategies for 2023

AssetMark Financial Holdings Inc delivered strong financial performance in 2022 and Q4, with record results and robust growth metrics. The company's strategic focus on meeting advisers' needs, enhancing client experience, and pursuing growth initiatives positions it well for future success. While facing challenges in organic growth and market uncertainties, AssetMark's strong cash position and investment priorities offer opportunities for sustained growth and innovation.
Analysts' inquiries into fixed rate term contracts and demand for fixed-term deposits underscore areas for potential refinement and product development. AssetMark's emphasis on differentiation, strategic transactions, and market positioning highlight its commitment to driving value and staying competitive in the evolving financial landscape.

AssetMark achieves record Q1 earnings, focuses on growth strategies

AssetMark's Q1 2023 earnings call highlighted robust financial performance, strategic initiatives, and growth prospects, underpinned by record revenue and net income.
The company's strengths lie in its strong advisor additions, revenue diversification efforts, and focus on technology and service enhancements to attract and retain advisors.
While facing challenges in maintaining growth momentum and meeting market expectations, AssetMark has opportunities to leverage its market position, strategic pillars, and M&A activities for sustained growth.

AssetMark reports record Q2 earnings, poised for growth ahead

AssetMark Financial Holdings Inc delivered exceptional financial performance in Q2 2023, setting new records across key metrics and demonstrating strong growth momentum.
The company's focus on innovation, advisor support, and expense management positions it well for future success and sustained growth.
With a positive outlook for platform asset and revenue growth, AssetMark is poised to capitalize on opportunities and navigate challenges effectively in the coming quarters.

AssetMark reports record Q3 results, targets doubling in size

AssetMark's Q3 performance showcased strong financial results and ambitious growth targets, driven by strategic initiatives and successful partnerships.
While facing challenges in cost management and execution of growth plans, the company is well-positioned to capitalize on opportunities in automation, M&A, and regulatory compliance.
Overall, AssetMark's focus on organic growth, cost efficiency, and advisor support sets a solid foundation for future expansion and market leadership.

AssetMark posts record 2023 results, sets ambitious growth targets for 2024

AssetMark Financial Holdings Inc (AMK) delivers strong 2023 results and outlines a strategic roadmap for 2024, focusing on technology, service, and growth initiatives.
The company's performance reflects robust financial metrics, advisor engagement, and a clear vision for sustainable growth and operational efficiency.
Challenges include market uncertainties and financial pressures from investments, while opportunities exist in service expansion, partnerships, and cost-saving automation.
Overall, AssetMark's proactive approach to innovation, client service, and financial management positions it well for continued success and value creation in the financial services sector.

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AssetMark Financial Holdings, Inc. provides wealth management and technology solutions. The company was founded by Ronald Dennis Cordes, Brian O'Toole and Richard Steiny in 1996 and is headquartered in Concord, CA.

Company Donates $464,333 in 2020 through Charitable Giving Programs, Including Contributions Made on Behalf of Advisors Who Give Back to Their Communities Company Donates $464,333 in 2020 through Charitable Giving Programs, Including Contributions Made on Behalf of Advisors Who Give Back to Their Communities

AssetMark Releases 2020 Charitable Giving Report and Honors Financial Advisors with Community Inspiration Award

Realistic Americans Factoring Gig Economy and Sacrifice into Hybrid Retirement Plans Realistic Americans Factoring Gig Economy and Sacrifice into Hybrid Retirement Plans

AssetMark Survey: Fancy Cup of Joe Will be First to Go Say Retirement-Minded Americans

AssetMark Institutional Serves the Unique Needs of Registered Investment Advisors, Helping to Drive Growth and Efficiency AssetMark Institutional Serves the Unique Needs of Registered Investment Advisors, Helping to Drive Growth and Efficiency

AssetMark Introduces New Channel to Help RIAs Achieve Scale

AssetMark Financial (AMK) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How AssetMark Financial (AMK) Stock Stands Out in a Strong Industry

AssetMark Financial (AMK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

AssetMark Financial (AMK) Surges 5.2%: Is This an Indication of Further Gains?

CONCORD, Calif., March 01, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced it will acquire Voyant, a leading global provider of SaaS-based financial planning and client digital engagement solutions. Voyant serves more than 20,000 advisors across financial institutions and small advisor firms in the United Kingdom, Canada, Ireland, and the United States. The acquisition of Voyant advances the AssetMark financial wellness vision by adding compelling digital capabilities to the AssetMark platform. This vision encompasses a holistic approach to advice that supports the client's goals in a customized way.

Voyant Acquisition Accelerates the AssetMark Financial Wellness Vision

Michael Kim Appointed President Michael Kim Appointed President

AssetMark Names Natalie Wolfsen Chief Executive Officer

AssetMark Financial Holdings, Inc. (AMK) CEO Charles Goldman on Q4 2020 Results - Earnings Call Transcript

Shares of AssetMark Financial Hldgs (NYSE:AMK) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 14.81% year over year to $0.31, which beat the estimate of $0.26.

Recap: AssetMark Financial Hldgs Q4 Earnings

CONCORD, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter and full year ended December 31, 2020.

AssetMark Reports Record $74.5B Platform Assets for Fourth Quarter 2020

CONCORD, Calif., Jan. 25, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended December 31, 2020 after the U.S. market close on Thursday, February 11, 2021. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.

AssetMark to Announce Fourth Quarter 2020 Results on February 11, 2021

CONCORD, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK) today announced its 2021 outlook for the financial advisory industry. While the advisor-client dynamic has undergone a dramatic transformation in the past year, many in the industry agree the pandemic merely accelerated many of the trends that were already contributing to this shift prior to 2020. In many ways, 2021 will see a continuation of those trends:

AssetMark Issues its 2021 Predictions for the Financial Advisory Industry

AssetMark Financial Holdings, Inc. (AMK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

AssetMark Financial Holdings, Inc. (AMK) Upgraded to Buy: Here's What You Should Know

CONCORD, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) announced today that it has entered into a new Credit Agreement with six banks, including Bank of Montreal serving as administrative agent. The Credit Agreement provides for a $250 million secured revolving Credit Facility.

AssetMark Closes $250 Million Revolving Credit Facility, Retires Existing Term Loan

CONCORD, Calif., Nov. 17, 2020 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK) today announced Charles Goldman, President and CEO at AssetMark, will present “The Future of Financial Advice” at the Financial Planning Association (FPA) of Miami Symposium taking place virtually on November 19, 2020 at 11 a.m. ET.

AssetMark CEO Charles Goldman to Keynote at FPA of Miami Symposium

AssetMark Financial Holdings, Inc. (AMK) CEO Charles Goldman on Q3 2020 Results - Earnings Call Transcript

Shares of AssetMark Financial Hldgs (NYSE:AMK) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were unchanged 0.00% year over year to $0.25, which beat the estimate of $0.24.

Recap: AssetMark Financial Hldgs Q3 Earnings

CONCORD, Calif., Nov. 10, 2020 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended September 30, 2020.

AssetMark Reports $67.3B Platform Assets for Third Quarter 2020

AssetMark Financial (AMK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate AssetMark Financial (AMK) to Report a Decline in Earnings: What to Look Out for

Both Pioneering Leaders Receive Recognition in the Female Executive of the Year Category Both Pioneering Leaders Receive Recognition in the Female Executive of the Year Category

AssetMark's Natalie Wolfsen and Carrie Hansen Win Silver Stevie Awards

CONCORD, Calif., Oct. 19, 2020 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended September 30, 2020 after the U.S. market close on Tuesday, November 10, 2020. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.

AssetMark to Announce Third Quarter 2020 Results on November 10, 2020

New Slate of Investor-Facing Webinars and Downloadable Marketing Tools Can Help Advisors Better Promote Their Services while Demonstrating Value for Faster Growth New Slate of Investor-Facing Webinars and Downloadable Marketing Tools Can Help Advisors Better Promote Their Services while Demonstrating Value for Faster Growth

AssetMark Kicks Off Fall with New Marketing and Investor Education Tools for Financial Advisors

Interactive, Zoom-Ready Advice Delivery and Client Review Tools Deepen Advisor-Investor Interactions and Trust Interactive, Zoom-Ready Advice Delivery and Client Review Tools Deepen Advisor-Investor Interactions and Trust

AssetMark Unveils Enhanced Client Proposal and New PortfolioReview for Financial Advisors in Virtual Age

Latest Evolution in Long-standing Culture of Service Helps Financial Advisors Respond Faster in New Era for Remote Investor Servicing Latest Evolution in Long-standing Culture of Service Helps Financial Advisors Respond Faster in New Era for Remote Investor Servicing

AssetMark Launches eService Team and Expands Digital Servicing Tools

AssetMark Financial (AMK) delivered earnings and revenue surprises of 10.00% and -0.37%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

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