AssetMark Reports $90.8B Platform Assets for First Quarter 2022
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
CONCORD, Calif., April 28, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended March 31, 2022. First Quarter 2022 Financial and Operational Highlights Net income for the quarter was $22.2 million, or $0.30 per share.Adjusted net income for the quarter was $28.8 million, or $0.39 per share, on total revenue of $148.3 million.Adjusted EBITDA for the quarter was $44.5 million, or 30.0% of total revenue.Platform assets increased 15.1% year-over-year, but declined 2.9% quarter-over-quarter to $90.8 billion, due to negative market impact net of fees of $4.8 billion, partially offset by quarterly net flows of $2.1 billion.Year-to-date annualized net flows as a percentage of beginning-of-year platform assets were 9.1%.More than 5,700 new households and 195 new producing advisors joined the AssetMark platform during the first quarter. In total, as of March 31, 2022 there were over 8,700 advisors (approximately 2,80
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AMK
News
- AssetMark Financial Holdings, Inc. (NYSE: AMK) had its price target raised by analysts at Raymond James from $39.00 to $41.00. They now have a "strong-buy" rating on the stock.MarketBeat
- March AMK ReportGlobeNewswire
- Strength Seen in AssetMark Financial (AMK): Can Its 6.6% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- AssetMark Honors Financial Advisors with Community Inspiration Award [Yahoo! Finance]Yahoo! Finance
- AssetMark Honors Financial Advisors with Community Inspiration AwardGlobeNewswire
AMK
Earnings
- 2/21/24 - Beat
AMK
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- AMK's page on the SEC website