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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2024

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.

CONCORD, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- AssetMark, Inc., a leading provider of wealth management and technology solutions for financial advisors, today announced that it has been named Winner of the ThinkAdvisor 2024 Luminaries Award for Innovation in the Business Development segment for its Tax Management Services (TMS). Now in its fourth year, the ThinkAdvisor Luminaries Awards redefine excellence in financial services, shining a spotlight on outstanding contributions from both organizations and individuals.

AssetMark Named Winner of the ThinkAdvisor 2024 Luminaries Award for Innovation for Its Tax Management Services

CONCORD, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- AssetMark, Inc., a leading provider of wealth management and technology solutions for financial advisors, today announced the appointment of Erin Wood, CFP®, FBS®, as Senior Vice President of Advanced Planning. In this role, Wood will spearhead the development and introduction of AssetMark's advanced planning offering, which will focus on delivering tailored strategies for estate planning, tax efficiency, retirement planning, and multi-generational wealth transfer to support financial advisors as they address the evolving needs of investors across the wealth spectrum.

AssetMark Appoints Erin Wood as Senior Vice President of Advanced Planning

CONCORD, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- AssetMark, Inc., a leading provider of wealth management and technology solutions for financial advisors, today announced the close of its acquisition of Morningstar Wealth's Turnkey Asset Management Platform (TAMP) assets. This acquisition, a key milestone in the strategic alliance between AssetMark and Morningstar Wealth, brings approximately $12 billion in assets to AssetMark's platform, broadening its array of investment solutions for financial advisors and their clients.

AssetMark Completes Acquisition of Key TAMP Business Assets in Strategic Alliance with Morningstar Wealth

TIFIN Sage's AI-driven Technology Empowers AssetMark to Deliver Highly Personalized Solutions for Financial Advisors TIFIN Sage's AI-driven Technology Empowers AssetMark to Deliver Highly Personalized Solutions for Financial Advisors

AssetMark Adds TIFIN AI Capabilities to Enhance and Scale its Industry-Leading Wealth Management Platform

First State Bank Achieves Significant Results Through Innovative Collaboration First State Bank Achieves Significant Results Through Innovative Collaboration

AssetMark and Cheetah Deliver a Unified Wealth Management Solution, Driving Growth and Efficiency for Financial Institutions

A suite of new strategies added to AssetMark platform to help advisors serve their clients. A suite of new strategies added to AssetMark platform to help advisors serve their clients.

AssetMark Launches Morningstar Wealth Investment Strategies for Financial Advisors

Asset Management and Financial Services Leader Lou Maiuri Named Chairman and Group CEO Asset Management and Financial Services Leader Lou Maiuri Named Chairman and Group CEO

AssetMark Completes Acquisition by GTCR, Launching New Era of Strategic Growth and Expansion

CONCORD, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

July AMK Report

CONCORD, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK), a leading wealth management platform for financial advisors, today announced the expansion of its Cash Solutions suite with the addition of FDIC-insured certificates of deposit (CD Plus) and purchased Money Market Funds (MMFs). This strategic initiative enhances AssetMark's existing offerings, empowering advisors to capitalize on the estimated $8 billion share of wallet opportunity within the wealth client cash holding space, as identified by AssetMark's analysis.

AssetMark Enhances Advisor Offerings with Expanded Cash Solutions Suite

The headline numbers for AssetMark Financial (AMK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, AssetMark Financial (AMK) Q2 Earnings: A Look at Key Metrics

AssetMark Financial (AMK) came out with quarterly earnings of $0.66 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.55 per share a year ago.

AssetMark Financial (AMK) Q2 Earnings Match Estimates

CONCORD, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2024.

AssetMark Reports $119.4B Platform Assets for Second Quarter 2024

CONCORD, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

June AMK Report

AssetMark (AMK) establishes a strategic alliance with Morningstar Wealth to acquire roughly $12 billion in assets. This move aligns with AssetMark's strategy to boost its offerings.

AssetMark (AMK) & Morningstar Wealth Form Strategic Alliance

CONCORD, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Wealth management platform AssetMark, Inc., a wholly owned subsidiary of AssetMark Financial Holdings, Inc. and a Registered Investment Adviser (collectively “AssetMark”), today announced a strategic alliance with Morningstar Wealth , a division of independent investing insights firm Morningstar, Inc. (Nasdaq: MORN).

AssetMark to Enter Strategic Alliance with Morningstar Wealth, Acquire Assets from TAMP Business

CONCORD, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

May AMK Report

LOS ANGELES, CA / ACCESSWIRE / June 4, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in AssetMark Financial Holdings, Inc. ("AssetMark" or "the Company") (NYSE:AMK) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the AssetMark board breached its fiduciary duties to shareholders.

The Schall Law Firm Initiates Investigation into Allegations Against AssetMark Financial Holdings, Inc. and Calls for Investors to Connect

AssetMark Financial Holdings, Inc. (NYSE: AMK) investigated for potential breaches of fiduciary duty. Shareholders urged to reach out to Block & Leviton.

ASSETMARK INVESTOR ALERT: Public Equity Buyout May Be Unfair To Shareholders; Block & Leviton Urges Shareholders To Contact The Firm To Understand Their Rights

PHILADELPHIA, June 04, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating AssetMark Financial Holdings, Inc. (NYSE: AMK) (“AssetMark”) on behalf of the company's shareholders.

MERGER INVESTIGATION ALERT: Kaskela Law LLC Announces Investigation of AssetMark Financial Holdings, Inc. (NYSE: AMK) Buyout and Encourages Investors to Contact the Firm

CONCORD, Calif., June 03, 2024 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK), a leading wealth management platform for financial advisors, today announced the recipients of its 2024 Practice Excellence Awards. These awards, now in their seventh year, recognize financial advisory firms that have made significant achievements in the areas of operational excellence and technology adoption at AssetMark.

AssetMark Announces 2024 Practice Excellence Award Recipients

LOS ANGELES, CA / ACCESSWIRE / June 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in AssetMark Financial Holdings, Inc. ("AssetMark" or "the Company") (NYSE:AMK) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the AssetMark board breached its fiduciary duties to shareholders.

CRUCIAL INVESTIGATION UPDATE: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in AssetMark Financial Holdings, Inc. ("AssetMark" or "the Company") (NYSE:AMK) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the AssetMark board breached its fiduciary duties to shareholders.

CRUCIAL INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 31, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in AssetMark Financial Holdings, Inc. ("AssetMark" or "the Company") (NYSE:AMK) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the AssetMark board breached its fiduciary duties to shareholders.

CRUCIAL INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in AssetMark Financial Holdings, Inc. ("AssetMark" or "the Company") (NYSE:AMK) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the AssetMark board breached its fiduciary duties to shareholders.

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the Firm

PHILADELPHIA , May 30, 2024 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating AssetMark Financial Holdings, Inc. (NYSE: AMK) ("AssetMark") on behalf of the company's investors. On April 25, 2024, AssetMark announced that it had agreed to be acquired by private equity firm GTCR at a price of $35.25 per share in cash.

ASSETMARK INVESTOR NOTICE: Kaskela Law LLC Announces Investigation of AssetMark Financial Holdings, Inc. (NYSE: AMK) and Encourages Investors to Contact the Firm

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