AssetMark to Enter Strategic Alliance with Morningstar Wealth, Acquire Assets from TAMP Business
AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
CONCORD, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Wealth management platform AssetMark, Inc., a wholly owned subsidiary of AssetMark Financial Holdings, Inc. and a Registered Investment Adviser (collectively “AssetMark”), today announced a strategic alliance with Morningstar Wealth, a division of independent investing insights firm Morningstar, Inc. (Nasdaq: MORN). As part of the alliance, AssetMark will acquire approximately $12 billion in assets from the Morningstar Wealth Turnkey Asset Management Platform (“TAMP”). Financial advisors and clients on Morningstar Wealth’s TAMP will have access to AssetMark’s platform, which provides industry-leading service, advisor technology, business consulting, and a carefully curated set of investment strategists. The account migration process will be designed to be seamless, as it will generally not require additional new client paperwork and clients’ performance histories will be maintained. Additionally, financial advisors currently worki
Show less
Read more
Impact Snapshot
Event Time:
AMK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AMK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AMK alerts
High impacting AssetMark Financial Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
AMK
News
- AssetMark Completes Acquisition by GTCR, Launching New Era of Strategic Growth and ExpansionGlobeNewswire
- July AMK ReportGlobeNewswire
- AssetMark Enhances Advisor Offerings with Expanded Cash Solutions SuiteGlobeNewswire
- Compared to Estimates, AssetMark Financial (AMK) Q2 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- AssetMark Financial (AMK) Q2 Earnings Match Estimates [Yahoo! Finance]Yahoo! Finance
AMK
Earnings
- 5/1/24 - Beat
AMK
Sec Filings
- 9/5/24 - Form POS
- 9/5/24 - Form S-8
- 9/5/24 - Form 8-K
- AMK's page on the SEC website