During the corresponding time, Assetmark Financial Holdings Inc recorded a revenue increase by 8.33 % year on year, sequentially revenue grew by 4.32 %. While revenue at the Assetmark Financial Holdings Inc 's corporate clients
Assetmark Financial Holdings Inc's Comment on Sales, Marketing and Customers
The company provides independent advisers with a curated investment platform that includes specialty and third-party asset managers, proprietary investment providers, and custom portfolios tailored to investor needs. It offers personalized and scalable adviser services such as consulting, business support, operations, and specialty teams including business management consultants, investment specialists, and retirement consultants. The company also delivers integrated financial planning technology to support holistic wealth management and assist advisers in addressing diverse client goals globally. Its customers are advisers who use the platform to manage assets under management and assets under administration, including cash accounts. The company's revenue model consists of asset-based fees billed to investors and spread-based revenue from interest on cash assets held at AssetMark Trust Company (ATC). In 2023, asset-based revenue totaled $553.5 million, and spread-based revenue was $120.3 million.
News about Assetmark Financial Holdings Inc Contracts
Merging Giants: AssetMark’s Strategic Alliance with Morningstar WealthIn a significant move that promises to reshape the landscape of the wealth management sector, AssetMark, Inc. an eminent player in financial advisory technology, has finalized the acquisition of key assets from Morningstar Wealth s Turnkey Asset Management Platform (TAMP). This acquisition, completed on December 2, 2024, stands as a pivotal development stemming from a strategic alliance announced earlier this year on June 20, 2024. This partnership not only strengthens AssetMark s position in the wealth management industry but also broadens its service offerings, signifying a bold stride toward innovation and growth. Asset Mark: A Strat...
CONCORD, Calif., Aug. 12, 2024 AssetMark (NYSE: AMK), a leading wealth management platform for financial advisors, has announced a significant expansion of its Cash Solutions suite. The newly added financial instruments, FDIC-insured certificates of deposit (CD Plus) and purchased Money Market Funds (MMFs), are designed to empower advisors and capitalize on the burgeoning market for wealth client cash holdings.AssetMark s strategic addition targets the estimated $8 billion share of wallet opportunity, as identified by the company s in-depth analysis of the wealth client cash holding space. By introducing diversified and secure options such as CD Plus and MMFs, AssetMark aims to provide advisors with tools to...
Assetmark Financial Holdings Inc’s Comment on Sales, Marketing and Customers
The company provides independent advisers with a curated investment platform that includes specialty and third-party asset managers, proprietary investment providers, and custom portfolios tailored to investor needs. It offers personalized and scalable adviser services such as consulting, business support, operations, and specialty teams including business management consultants, investment specialists, and retirement consultants. The company also delivers integrated financial planning technology to support holistic wealth management and assist advisers in addressing diverse client goals globally. Its customers are advisers who use the platform to manage assets under management and assets under administration, including cash accounts. The company's revenue model consists of asset-based fees billed to investors and spread-based revenue from interest on cash assets held at AssetMark Trust Company (ATC). In 2023, asset-based revenue totaled $553.5 million, and spread-based revenue was $120.3 million.
Sources:
Assetmark Financial Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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