AssetMark Reports $108.9B Platform Assets for Fourth Quarter 2023
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
CONCORD, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Financial and Operational Highlights Net income for the quarter was $34.6 million, or $0.47 per share.Adjusted net income for the quarter was $44.0 million, or $0.59 per share, on total revenue of $158.2 million.Adjusted EBITDA for the quarter was $63.8 million, or 40.3% of total revenue.Platform assets increased 19.1% year-over-year to $108.9 billion. Quarter-over-quarter platform assets were up 9.4%, due to market impact net of fees of $8.1 billion and quarterly net flows of $1.3 billion.Annual net flows as a percentage of beginning-of-year platform assets were 6.7%.More than 2,600 new households and 154 new producing advisors joined the AssetMark platform during the fourth quarter. In total, as of December 31, 2023, there were over 9,300 advisors (approximately 3,100 were engaged advi
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News
- INVESTIGATION: The M&A Class Action Firm Announces An Investigation of AssetMark Financial Holdings, Inc. - AMKPR Newswire
- AssetMark Financial Holdings, Inc. (NYSE: AMK) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $37.00 price target on the stock.MarketBeat
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the FirmAccesswire
- Shareholder Alert: Ademi LLP investigates whether AssetMark Financial Holdings, Inc. has obtained a Fair Price in its transaction with GTCRPR Newswire
- AssetMark Financial Holdings, Inc. (NYSE: AMK) was downgraded by analysts at William Blair from an "outperform" rating to a "market perform" rating.MarketBeat
AMK
Earnings
- 2/21/24 - Beat
AMK
Sec Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- AMK's page on the SEC website