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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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., Oct. 20, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended September 30, 2022 after the U.S. market close on Tuesday, November 1, 2022. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.

AssetMark to Announce Third Quarter 2022 Results on November 1, 2022

AssetMark Financial (AMK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can AssetMark Financial (AMK) Keep the Earnings Surprise Streak Alive?

Start Time: 17:00 January 1, 0000 5:40 PM ET AssetMark Financial Holdings, Inc. (NYSE:AMK ) Q2 2022 Earnings Conference Call August 03, 2022, 17:00 PM ET Company Participants Natalie Wolfsen - CEO Gary Zyla - EVP and CFO Taylor Hamilton - Head of IR Conference Call Participants Patrick O'Shaughnessy - Raymond James Ryan Bailey - Goldman Sachs Gerald O'Hara - Jefferies Operator Good afternoon, everyone, and welcome to AssetMark's Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

AssetMark Financial Holdings, Inc. (AMK) CEO Natalie Wolfsen on Q2 2022 Results - Earnings Call Transcript

AssetMark Financial (AMK) delivered earnings and revenue surprises of 10% and 0.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

AssetMark Financial (AMK) Beats Q2 Earnings and Revenue Estimates

CONCORD, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2022.

AssetMark Reports $82.1B Platform Assets for Second Quarter 2022

CONCORD, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended June 30, 2022 after the U.S. market close on Wednesday, August 3, 2022. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.

AssetMark to Announce Second Quarter 2022 Results on August 3, 2022

CONCORD, Calif., June 13, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc., announced today it has reached an agreement with Vestmark to acquire Adhesion Wealth, a leading provider of wealth management technology solutions to RIAs, RIA enterprises and asset managers. Adhesion's platform enables over 2,800 fee-based advisors across 180 RIAs to deliver better investor outcomes while successfully growing their practices by providing outsourced overlay trading services, client engagement technologies and managed account programs.

AssetMark to Acquire Adhesion Wealth, Accelerating RIA Offering

CONCORD, Calif., June 08, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that the Company will attend the Morgan Stanley US Financials, Payments & CRE Conference on Wednesday, June 15 in New York, NY. The Company will host one-on-one and group meetings. Analysts and portfolio managers that wish to attend this conference or would like to request a meeting should contact Morgan Stanley.

AssetMark to Attend the Morgan Stanley US Financials, Payments & CRE Conference

AssetMark Financial Holdings, Inc. (NYSE:AMK ) Q1 2022 Results Conference Call April 28, 2022 5:00 PM ET Company Participants Taylor Hamilton - Head of Investor Relations Natalie Wolfsen - Chief Executive Officer Gary Zyla - Chief Financial Officer Operator Good afternoon, everyone, and welcome to AssetMark's First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

AssetMark Financial Holdings, Inc. (AMK) CEO Natalie Wolfsen on Q1 2022 Results - Earnings Call Transcript

AssetMark Financial (AMK) delivered earnings and revenue surprises of 2.63% and 3.31%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

AssetMark Financial (AMK) Surpasses Q1 Earnings Estimates

CONCORD, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended March 31, 2022.

AssetMark Reports $90.8B Platform Assets for First Quarter 2022

CONCORD, Calif., April 25, 2022 (GLOBE NEWSWIRE) -- AssetMark, a leading provider of wealth management and technology solutions for financial advisors, today underscored its commitment to corporate social responsibility in announcing the launch of a Values-Driven Investing program, as well as the release of its inaugural ESG Report.

AssetMark Launches Values-Driven Investment Program, Announces Inaugural ESG Report

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.

AssetMark Financial (AMK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

CONCORD, Calif., April 11, 2022 (GLOBE NEWSWIRE) -- AssetMark, a leading provider of wealth management and technology solutions for financial advisors, announced it has appointed Christian Chan, CFA® as Chief Investment Officer. In this role, Chan will oversee the investment management and research teams responsible for the full suite of AssetMark-managed solutions, representing $24.7B in AUM.

AssetMark Appoints Christian Chan as Chief Investment Officer

CONCORD, Calif., April 07, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended March 31, 2022 after the U.S. market close on Thursday, April 28, 2022. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.

AssetMark to Announce First Quarter 2022 Results on April 28, 2022

AssetMark found that 92% of advisors who outsource investment management were happy with their decision AssetMark found that 92% of advisors who outsource investment management were happy with their decision

Advisors say outsourcing leads to better investment solutions and work/life balance, AssetMark study finds

CONCORD, Calif., March 02, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that the Company will be attending the following investor conferences in March:

AssetMark to Participate in March Investor Conferences

AssetMark Financial Holdings, Inc. (AMK) CEO Natalie Wolfsen on Q4 2021 Results - Earnings Call Transcript

AssetMark Financial (AMK) delivered earnings and revenue surprises of -2.94% and 0.05%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

AssetMark Financial (AMK) Lags Q4 Earnings Estimates

CONCORD, Calif., Feb. 15, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter and full year ended December 31, 2021.

AssetMark Reports $93.5B Platform Assets for Fourth Quarter 2021

SHELTON, Conn., Feb. 15, 2022 /PRNewswire/ -- RightCapital, the fastest-growing financial planning solution* that provides modern, interactive features for today's financial advisors, announced its API integration with AssetMark (NYSE: AMK), a leading wealth management platform.

RightCapital Announces Integration with AssetMark, a Leading Wealth Management Platform

Marketing Advantage empowers advisors to enhance their brand, deepen client relationships and attract new business Marketing Advantage empowers advisors to enhance their brand, deepen client relationships and attract new business

AssetMark Launches Marketing Advantage Platform

AssetMark WealthBuilder℠ Prospecting provides a streamlined and customized experience for managing and converting leads AssetMark WealthBuilder℠ Prospecting provides a streamlined and customized experience for managing and converting leads

AssetMark Launches Digital Prospecting Capability for Advisors

CONCORD, Calif., Jan. 20, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended December 31, 2021 after the U.S. market close on Tuesday, February 15, 2022. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results.

AssetMark to Announce Fourth Quarter 2021 Results on February 15, 2022

CONCORD, Calif., Jan. 12, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) announced today that it has entered into an Amended and Restated Credit Agreement with ten banks, led by Bank of Montreal as Administrative Agent and Sustainability Coordinator. The agreement provides for a $500 million Senior Secured Credit Facility, comprised of a $375 million revolving facility and a $125 million term loan. The agreement also carries an accordion feature allowing for an additional $100 million of capacity, subject to customary terms and conditions.

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