AssetMark Reports $116.9B Platform Assets for First Quarter 2024
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
CONCORD, Calif., May 01, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial and Operational Highlights Net income for the quarter was $38.0 million, or $0.51 per share.Adjusted net income for the quarter was $45.2 million, or $0.60 per share, on total revenue of $190.3 million.Adjusted EBITDA for the quarter was $65.9 million, or 34.6% of total revenue.Platform assets increased 21.5% year-over-year to $116.9 billion. Quarter-over-quarter platform assets were up 7.3%, due to market impact net of fees of $6.1 billion and quarterly net flows of $1.8 billion.Year-to-date annualized net flows as a percentage of beginning-of-year platform assets were 6.8%.More than 3,000 new households and 169 new producing advisors joined the AssetMark platform during the first quarter. In total, as of March 31, 2024, there were over 9,200 advisors (approximately 3,200 were
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AMK
News
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against AssetMark Financial Holdings, Inc. and Encourages Investors to Contact the FirmAccesswire
- April AMK ReportGlobeNewswire
- AMK INVESTIGATION ALERT: Kaskela Law LLC Announces Shareholder Investigation of AssetMark Financial Holdings, Inc. (AMK) Buyout and Encourages Investors to Contact the FirmGlobeNewswire
- SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of AssetMark Financial Holdings, Inc. (AMK) Buyout and Encourages Investors to Contact the FirmAccesswire
- AssetMark Reports $116.9B Platform Assets for First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
AMK
Earnings
- 5/1/24 - Beat
AMK
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 13F-NT
- 5/1/24 - Form 8-K
- AMK's page on the SEC website