Assetmark Financial Holdings Stock Price, News & Analysis

AssetMark Financial Holdings (NYSE: AMK) announced its participation in two key investor conferences this March. On March 7, the company will present at the 43rd Annual Raymond James Institutional Investors Conference at 3:25 PM ET, with a live webcast available for interested shareholders. Following this, on March 10, AssetMark will host meetings at the Wolfe Research FinTech Forum. The company aims to engage analysts and portfolio managers during these events, focusing on its wealth management and technology solutions.

AssetMark Financial Holdings (AMK) reported strong financial results for Q4 and FY 2021. The company achieved a net income of $12.4 million for the fourth quarter, translating to $0.17 per share. Total revenue for the quarter reached $143.6 million, while adjusted net income was $24.7 million, or $0.33 per share. Platform assets grew by 25.5% year-over-year, reaching $93.5 billion. Notably, net flows hit a quarterly record of $2.9 billion. CEO Natalie Wolfsen emphasized the importance of their expansion into the RIA channel and the acquisition of Voyant for future growth.

RightCapital announced an API integration with AssetMark (NYSE: AMK), enhancing user experience by enabling seamless single sign-on access and account updates. This collaboration aims to provide financial advisors with tools to simplify complex planning tasks, aligning with industry trends for holistic financial services. RightCapital's innovative features support various financial topics, while AssetMark, holding $89.8 billion in platform assets as of November 30, 2021, continues to empower advisors in achieving client financial wellness.

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.