News & Videos - ASSETMARK FINANCIAL HLD.

CONCORD, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of March 2024 include: Platform assets of $116.9 billion at the end of March, up 21.5% year-over-year. Net flows were $833 million in the month of March, up 12.0% year-over-year. AssetMark Trust Company client cash was $3.17 billion, down 0.6% year-over-year. Number of households increased 5.5% year-over-year...

CONCORD, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- AssetMark, Inc., a leading wealth management platform for financial advisors, announced the recipients of its 2024 Community Inspiration Award at the firm's premier Gold Forum conference in Orlando, Florida. The annual Community Inspiration Award honors advisors who are making a significant impact in their communities through dedicated service, by awarding $10,000 to each advisor’s charitable organization. This year’s honored advisors and...

CONCORD, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of February 2024 include: Platform assets of $113.3 billion at the end of February, up 20.1% year-over-year. Net flows were $577 million in the month of February, up 6.9% year-over-year. AssetMark Trust Company client cash was $2.89 billion, down 13.0% year-over-year. Number of households increased 5.4%...

CONCORD, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- AssetMark, a leading provider of wealth management solutions powering independent financial advisors and their clients, today announced the launch of its Advisor Dashboard, the new central hub of AssetMark’s digital platform. Designed to deliver real-time client and business insights, the Advisor Dashboard enhances efficiencies for advisors and streamlines their workflows. “At AssetMark, we are committed to empowering advisors with the...

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...

CONCORD, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of January 2024 include: Platform assets of $109.7 billion at the end of January, up 14.5% year-over-year. Net flows were $432 million in the month of January, up 24.5% year-over-year. AssetMark Trust Company client cash was $2.89 billion, down 13.0% year-over-year. Number of households increased 5.6%...

CONCORD, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended December 31, 2023, after the U.S. market close on Wednesday, February 21, 2024. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results. AssetMark invites shareholders and other interested parties to listen to its financial results conference call live, either over the Internet or via...

CONCORD, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AssetMark, a wealth management platform powering independent financial advisors and their clients, today announced the launch of its new Tax Management Services, a testament to its commitment to advisors' needs and preferences. The comprehensive and user-friendly set of solutions helps drive better outcomes on taxable assets through a personalized process that is straightforward and seamless for both advisors and clients. “Advisors have long...

CONCORD, Calif., Jan. 10, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of December 2023 include: Platform assets of $108.9 billion at the end of December, up 19.0% year-over-year. Net flows were $628 million in the month of December, up 82.0% year-over-year. AssetMark Trust Company client cash was $3.05 billion, down 13.8% year-over-year. Number of households increased 5.4%...

CONCORD, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of November 2023 include: Platform assets of $104.1 billion at the end of November, up 19.5% year-over-year. Net flows were $303 million in the month of November, up 8.2% year-over-year. AssetMark Trust Company client cash was $2.68 billion, down 18.0% year-over-year. Number of households increased 12.5%...

CONCORD, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that the Company will be attending the Goldman Sachs Financial Services Conference on Tuesday, December 5th in New York, NY. The Company will be hosting one-on-one and group meetings. Analysts and portfolio managers who wish to attend this conference or would like to request a meeting should contact Goldman Sachs. About AssetMark Financial Holdings, Inc. AssetMark operates a wealth...

CONCORD, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of October 2023 include: Platform assets of $97.8 billion at the end of October, up 18.1% year-over-year. Net flows were $334 million in the month of October, up 18.0% year-over-year. AssetMark Trust Company client cash was $2.92 billion, down 16.3% year-over-year. Number of households increased 12.0%...

CONCORD, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended September 30, 2023. Third Quarter 2023 Financial and Operational Highlights Net income for the quarter was $38.4 million, or $0.52 per share. Adjusted net income for the quarter was $46.0 million, or $0.62 per share, on total revenue of $190.5 million. Adjusted EBITDA for the quarter was $66.5 million, or 34.9% of total revenue. Platform assets...

CONCORD, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK), a leading provider of wealth management and technology solutions for financial advisors, today announced a collaboration with Cheetah, a cloud-based trust accounting system, to address an emerging need in financial services. Together, AssetMark and Cheetah are creating a first-of-its-kind, seamless wealth management solution to address the expanding intersection of trust services and investment services with a digital...

CONCORD, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended September 30, 2023, after the U.S. market close on Monday, November 6, 2023. AssetMark will host a conference call and webcast that day at 5:00 pm ET to discuss its results. AssetMark invites shareholders and other interested parties to listen to its financial results conference call live, either over the Internet or via...

CONCORD, Calif., Oct. 10, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of September 2023 include: Platform assets of $99.6 billion at the end of September, up 25.4% year-over-year. Net flows were $448 million in the month of September, up 96.5% year-over-year. AssetMark Trust Company client cash was $2.90 billion, down 17.4% year-over-year. Number of households increased 12.7%...

CONCORD, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of August 2023 include: Platform assets of $102.2 billion at the end of August, up 21.1% year-over-year. Net flows were $555 million in the month of August, down 8.3% year-over-year. AssetMark Trust Company client cash was $2.83 billion, down 36.8% year-over-year. Number of households increased 12.7%...

CONCORD, Calif., Sept. 08, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc . (NYSE: AMK) today announced that, in line with the AssetMark Board of Directors’ established succession plan, Michael Kim has been named the company’s new Chief Executive Officer, effective immediately. Mr. Kim will also join the AssetMark Board of Directors. In connection with this announcement, Natalie Wolfsen will depart the company to pursue another opportunity. Mr. Kim is a seasoned veteran of the...

CONCORD, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of July 2023 include: Platform assets of $103.2 billion at the end of July, up 19.6% year-over-year. Net flows were $540 million in the month of July, up 44.4% year-over-year. AssetMark Trust Company client cash was $2.79 billion, down 22.5% year-over-year. Number of households increased 12.5% year-over-year...

CONCORD, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2023. Second Quarter 2023 Financial and Operational Highlights Net income for the quarter was $32.9 million, or $0.44 per share. Adjusted net income for the quarter was $41.2 million, or $0.55 per share, on total revenue of $183.2 million. Adjusted EBITDA for the quarter was $60.4 million, or 33.0% of total revenue. Platform assets...