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 (AMK) provides wealth management technology and investment solutions for financial advisors through its NYSE-listed platform. This news hub offers investors and industry professionals centralized access to official corporate announcements, strategic developments, and market-moving updates.
Discover timely updates spanning earnings reports, technology innovations, partnership agreements, and leadership changes. Our curated collection ensures compliance with financial disclosure standards while maintaining neutral reporting on operational milestones within the wealth management sector.
Key content categories include quarterly financial results, product enhancements for advisor platforms, regulatory filings, and strategic initiatives driving AMK's position in financial technology. Bookmark this page for streamlined tracking of AMK's evolving solutions for independent financial practices and institutional clients.
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.
AssetMark Financial Holdings (NYSE: AMK) reported strong financial results for Q3 2021, with a net income of $12.3 million or $0.17 per share. Adjusted net income was $29.9 million, equating to $0.40 per share, on total revenues of $139.7 million. Platform assets grew by 29.1% year-over-year to $86.8 billion, bolstered by record net flows of $2.8 billion. The number of advisors and investor households also increased, demonstrating ongoing organic growth and a 23.7% production lift from existing advisors. This marks a record quarter for revenue, adjusted EBITDA, net income, and earnings per share.
AssetMark, a wealth advisory platform, announced that CEO Natalie Wolfsen was recognized by the San Francisco Business Times as one of the Most Influential Women in Bay Area Business for 2021. This award celebrates leaders showcasing creativity, vision, and perseverance. At a virtual event, Wolfsen shared her gratitude and commitment to empowering women in the industry. As of June 30, 2021, AssetMark managed $84.6 billion in assets, highlighting its significant presence in the financial advisory sector.
AssetMark Financial Holdings, Inc. (NYSE: AMK) will release its financial results for the quarter ending September 30, 2021, on November 9, 2021, after U.S. market close. A conference call and webcast will follow at 5:00 PM ET to discuss these results. Shareholders and interested parties can listen live via the AssetMark Investor Relations website or by pre-registering for the call to obtain participant dial-in information. As of June 30, 2021, AssetMark reported $84.6 billion in platform assets.
AssetMark Financial Holdings, Inc. (NYSE: AMK) reported significant growth in its "AssetMark Monthly Knowledge" Report for September 2021. Platform assets reached $86.8 billion, marking a 29.0% increase year-over-year. The company recorded net flows of $968 million, a remarkable 177.4% increase from the previous year. The number of households served also grew by 11.1% to 203,004. However, client cash declined by 1.9% year-over-year to $2.61 billion.
AssetMark Financial Holdings, Inc. (NYSE: AMK) reported significant growth in its August 2021 metrics. The platform's assets reached $88.5 billion, marking a 30.1% year-over-year increase. Net flows were recorded at $927 million, up 71.3% year-over-year. However, client cash at AssetMark Trust Company fell to $2.45 billion, down 6.8% from the previous year. The total number of households utilizing AssetMark's services also rose 10.3% year-over-year, totaling 200,778 households.
AssetMark (NYSE: AMK) has launched a new suite of separately managed accounts (SMAs) to help financial advisors meet the evolving needs of their clients. The suite includes twelve SMAs from ten top investment managers, expanding the AssetMark platform's offerings. This initiative aims to provide advisors with tailored portfolio options that enhance transparency and manage tax efficiency. Recognizing the growing demand for personalized investment strategies, AssetMark is committed to continually expanding its product suite to meet market needs.
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