| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
75 |
| Employees |
450 |
| Revenues (TTM) (Millions $) |
737 |
| Net Income (TTM) (Millions $) |
143 |
| Cash Flow (TTM) (Millions $) |
19 |
| Capital Exp. (TTM) (Millions $) |
48 |
Business Description
Assetmark Financial Holdings Inc is a leading provider of wealth management and investment solutions to independent financial advisors and their clients. The company was founded in 1996 and is headquartered in Concord, California. It operates through its wholly-owned subsidiaries Assetmark, Inc and Assetmark Trust Company.
Assetmark's core business is to offer integrated investment solutions to financial advisors who work with high net worth individuals, retirees, and institutions. The company provides a wide array of investment solutions, including mutual funds, exchange-traded funds (ETFs), separately managed accounts, and fixed income instruments such as bonds. These investment solutions are structured to fit a variety of risk profiles, from ultra-conservative to aggressive, and offer diversification across multiple asset classes.
The company also offers a number of value-added services to its financial advisor clients, including comprehensive financial planning and investment management tools, as well as support for policy development and compliance. Assetmark also provides customized reporting and advanced analytics, in addition to a range of training and educational resources for financial advisors.
Assetmark Trust Company is a federally chartered, non-depository trust company that provides trust and custody services to financial advisors and their clients. The company manages custody of financial assets such as cash, securities, and alternative investments, and provides unique trust services related to estate planning, charitable giving, and other specialized needs.
Assetmark has a robust technology platform that enables financial advisors to efficiently manage their clients' assets and communicate with them in real-time. The platform is designed to support the unique needs of independent financial advisors, and is fully scalable to accommodate growth and changing business needs.
In terms of its financial performance, Assetmark had total revenue of $357 million in fiscal year 2020, and AUM (assets under management) of $75.8 billion as of December 31, 2020. The company has approximately 9,500 financial advisor clients and over 283,000 investor accounts.
Overall, Assetmark Financial Holdings Inc is a reputable financial solutions provider that offers a broad range of investment services and value-added services to financial advisors and their clients. The company's strong performance, cutting-edge technology, and reputation for excellence in the financial services industry have positioned it as a leader in its sector.
Company Address: 1655 Grant Street Concord 94520 CA
Company Phone Number: 521-2200 Stock Exchange / Ticker: NYSE AMK
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