AssetMark Financial Holdings Inc (N:AMK)
Business Focus: Wealth Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1655 Grant Street, 10Th Floor CONCORD CA 94520 |
| Tel: | 1-925-5212273 |
| Website: | https://www.assetmark.com |
| IR: | See website |
| Key People | ||
| Xiaoning Jiao Chairman of the Board | Michael Kim Chief Executive Officer, Director | Gary Zyla Chief Financial Officer, Executive Vice President |
| Carrie E. Hansen Chief Operating Officer, Executive Vice President | Mukesh Mehta Executive Vice President, Chief Information Officer | Ted F. Angus Executive Vice President, General Counsel |
| Esi Minta-Jacobs Executive Vice President - Human Resources and Program Management | David McNatt Executive Vice President - Investment Solutions | |
| Business Overview |
| AssetMark Financial Holdings, Inc. provides a wealth management platform that powers independent financial advisers and their clients. The Company's platform provides advisers with an integrated suite of products and services that facilitates growth, streamlines workflows and provides scale to advisers' businesses, so they can better serve their clients, who are investors of all sizes. Its platform includes Flexible technology platform, Personalized and scalable adviser service, Curated investment platform and Financial planning technology. Its integrated, open-architecture platform is built for advisers. Advisers have access to a range of automated tools and capabilities that help them differentiate the client experience, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress-to-goal analysis, and client activity tracking. It also provides a full spectrum of services for many aspects of the adviser's firm. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, AssetMark Financial Holdings Inc revenues increased 15% to $708.5M. Net income increased 19% to $123.1M. Revenues reflect United States segment increase of 15% to $692.4M, Rest of the world segment increase of 11% to $16.1M. Basic Earnings per Share excluding Extraordinary Items increased from $1.40 to $1.66. |
| Employees: | 990 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,483M as of Dec 31, 2023 |
| Annual revenue (TTM): | $708.50M as of Dec 31, 2023 |
| EBITDA (TTM): | $244.71M as of Dec 31, 2023 |
| Net annual income (TTM): | $123.12M as of Dec 31, 2023 |
| Free cash flow (TTM): | $127.35M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 74,399,237 as of Mar 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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