AssetMark Reports $82.1B Platform Assets for Second Quarter 2022
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
CONCORD, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2022. Second Quarter 2022 Financial and Operational Highlights Net income for the quarter was $25.3 million, or $0.34 per share.Adjusted net income for the quarter was $32.4 million, or $0.44 per share, on total revenue of $151.2 million.Adjusted EBITDA for the quarter was $49.6 million, or 32.8% of total revenue.Platform assets decreased 2.9% year-over-year and 9.6% quarter-over-quarter to $82.1 billion, due to negative market impact net of fees of $10.1 billion, partially offset by quarterly net flows of $1.4 billion.Year-to-date annualized net flows as a percentage of beginning-of-year platform assets were 7.5%.More than 4,500 new households and 193 new producing advisors joined the AssetMark platform during the second quarter. In total, as of June 30, 2022 there were almost 8,700 advisors (approximately 2,700 were en
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AMK
News
- 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
- PE firm GTCR to buy wealth management platform AssetMark for $2.7 bln [Reuters]Reuters
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