AssetMark Reports $119.4B Platform Assets for Second Quarter 2024
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AssetMark Financial Holdings, Inc. (AMK)
Company Research
Source: GlobeNewswire
CONCORD, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Financial and Operational Highlights Net income for the quarter was $32.3 million, or $0.43 per share.Adjusted net income for the quarter was $49.8 million, or $0.66 per share, on total revenue of $198.5 million.Adjusted EBITDA for the quarter was $71.9 million, or 36.2% of total revenue.Platform assets increased 18.5% year-over-year to $119.4 billion. Quarter-over-quarter platform assets were up 2.1%, due to market impact net of fees of $0.8 billion and quarterly net flows of $1.7 billion.Year-to-date annualized net flows as a percentage of beginning-of-year platform assets were 6.1%.More than 4,300 new households and 164 new producing advisors joined the AssetMark platform during the second quarter. In total, as of June 30, 2024, there were over 9,200 advisors (approxim
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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