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Assetmark Financial Holdings Inc's Business Segments
Assetmark Financial Holdings Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 198
Regions Reported
-
Assetmark Financial Holdings Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Asset Based Revenue80%
- Spread Based Revenue14.5%
- Other Revenue3.3%
- Subscription Based Revenue2.2%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Asset Based Revenue | $ 159 | 80% |
| Spread Based Revenue | $ 29 | 14.5% |
| Other Revenue | $ 6 | 3.3% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Assetmark Financial Holdings Inc
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.
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.
Assetmark Financial Holdings Inc. is a comprehensive financial services company that specializes in providing investment advisory and management services tailored for financial advisors, institutions, and high-net-worth clients. The company operates through two principal segments: the Investment Solutions Segment and the Platform Services Segment, each serving distinct yet integral roles in the overall financial ecosystem.
Segments
1. Investment Solutions Segment:
This segment is focused on delivering a wide array of investment solutions aimed at meeting the unique needs of financial advisors, institutions, and individual investors. The key aspects of this segment include:
- Model Portfolios: Assetmark offers a selection of pre-built model portfolios that are designed based on prevailing market conditions, economic outlooks, and investment philosophies. These portfolios can cater to various risk profiles and investment objectives, helping advisors to efficiently propose options to their clients.
- Custom Portfolios: Recognizing that every investor has unique requirements, Assetmark provides the capability to develop customized investment portfolios. These are tailored specifically to the individual preferences, goals, and risk tolerances of clients, allowing for a more personalized investment approach.
- Unified Managed Accounts (UMA): Assetmarks UMAs combine multiple investment strategies and asset classes into a single account, simplifying the management process for advisors and enhancing client engagement. UMAs provide a holistic view of a client’s assets, allowing for better diversification and risk management.
- Access to Alternative Investments: The Investment Solutions Segment includes access to alternative investment opportunities such as private equity, hedge funds, and real estate. This enables advisors to offer clients diversified investment options beyond traditional asset classes, appealing to clients looking for potentially higher returns and unique investment strategies.
2. Platform Services Segment:
This segment supports financial advisors through a suite of integrated technology and operational solutions aimed at enhancing the investment and financial planning process. The main services under this segment include:
- Integrated Technology Solutions: Assetmark offers cutting-edge technology tools that enable advisors to streamline their workflows. This includes client engagement platforms, portfolio management systems, and compliance monitoring tools that assist in regulatory adherence.
- Operational Support: The Platform Services Segment provides back-office operational support, ensuring that financial advisors can focus on client relationships without the overhead of administrative tasks. This includes trade execution, performance reporting, and reconciliation services.
- Investment Research: Advisors gain access to comprehensive investment research that aids in making informed investment decisions. This includes market analysis, asset class performance reviews, and economic forecasts that are vital for strategic planning.
- Practice Management Tools: A suite of resources designed to enhance the efficiency of advisors practices, including client engagement strategies, marketing resources, and tools for business development.
Products and Services
Assetmark Financial Holdings Inc. offers a broad spectrum of products and services to cater to a diverse clientele:
1. Investment Advisory Services: Tailored services aimed at financial advisors and institutions, including model and custom portfolio management, designed to optimize clients investment outcomes.
2. Unified Managed Accounts (UMA): Offering a comprehensive solution that includes various investment strategies and asset classes under one account for better management and performance tracking.
3. Wealth Management Services: Comprehensive services for individuals and families, covering a wide array of financial needs such as financial planning, tax strategy, estate planning, and risk management.
4. Retirement Planning Services: Specialized services focused on preparing clients for retirement, which include retirement income planning, Social Security optimization, and strategic asset allocation to ensure a sustainable retirement income.
5. Practice Management Services: Tools and resources designed to enhance the operational aspects of financial advisory practices, including client engagement strategies, technology integration, and operational efficiencies.
6. Advisor Education and Support: Assetmark places a strong emphasis on the education and continuous professional development of financial advisors. This includes training programs, workshops, and direct access to a team of subject matter experts who can provide ongoing support in areas such as investment strategies and best practices for client service.
Conclusion
Overall, Assetmark Financial Holdings Inc. is dedicated to empowering financial advisors and institutions by providing a comprehensive suite of investment solutions and platform services. The focus on personalized investment strategies through its Investment Solutions Segment, combined with robust technology and operational support from its Platform Services Segment, positions Assetmark as a valuable partner in the financial advisory field. The breadth of its offerings—from investment management to practice optimization—ensures that advisors can effectively serve their clients’ diverse financial needs.
Segments
1. Investment Solutions Segment:
This segment is focused on delivering a wide array of investment solutions aimed at meeting the unique needs of financial advisors, institutions, and individual investors. The key aspects of this segment include:
- Model Portfolios: Assetmark offers a selection of pre-built model portfolios that are designed based on prevailing market conditions, economic outlooks, and investment philosophies. These portfolios can cater to various risk profiles and investment objectives, helping advisors to efficiently propose options to their clients.
- Custom Portfolios: Recognizing that every investor has unique requirements, Assetmark provides the capability to develop customized investment portfolios. These are tailored specifically to the individual preferences, goals, and risk tolerances of clients, allowing for a more personalized investment approach.
- Unified Managed Accounts (UMA): Assetmarks UMAs combine multiple investment strategies and asset classes into a single account, simplifying the management process for advisors and enhancing client engagement. UMAs provide a holistic view of a client’s assets, allowing for better diversification and risk management.
- Access to Alternative Investments: The Investment Solutions Segment includes access to alternative investment opportunities such as private equity, hedge funds, and real estate. This enables advisors to offer clients diversified investment options beyond traditional asset classes, appealing to clients looking for potentially higher returns and unique investment strategies.
2. Platform Services Segment:
This segment supports financial advisors through a suite of integrated technology and operational solutions aimed at enhancing the investment and financial planning process. The main services under this segment include:
- Integrated Technology Solutions: Assetmark offers cutting-edge technology tools that enable advisors to streamline their workflows. This includes client engagement platforms, portfolio management systems, and compliance monitoring tools that assist in regulatory adherence.
- Operational Support: The Platform Services Segment provides back-office operational support, ensuring that financial advisors can focus on client relationships without the overhead of administrative tasks. This includes trade execution, performance reporting, and reconciliation services.
- Investment Research: Advisors gain access to comprehensive investment research that aids in making informed investment decisions. This includes market analysis, asset class performance reviews, and economic forecasts that are vital for strategic planning.
- Practice Management Tools: A suite of resources designed to enhance the efficiency of advisors practices, including client engagement strategies, marketing resources, and tools for business development.
Products and Services
Assetmark Financial Holdings Inc. offers a broad spectrum of products and services to cater to a diverse clientele:
1. Investment Advisory Services: Tailored services aimed at financial advisors and institutions, including model and custom portfolio management, designed to optimize clients investment outcomes.
2. Unified Managed Accounts (UMA): Offering a comprehensive solution that includes various investment strategies and asset classes under one account for better management and performance tracking.
3. Wealth Management Services: Comprehensive services for individuals and families, covering a wide array of financial needs such as financial planning, tax strategy, estate planning, and risk management.
4. Retirement Planning Services: Specialized services focused on preparing clients for retirement, which include retirement income planning, Social Security optimization, and strategic asset allocation to ensure a sustainable retirement income.
5. Practice Management Services: Tools and resources designed to enhance the operational aspects of financial advisory practices, including client engagement strategies, technology integration, and operational efficiencies.
6. Advisor Education and Support: Assetmark places a strong emphasis on the education and continuous professional development of financial advisors. This includes training programs, workshops, and direct access to a team of subject matter experts who can provide ongoing support in areas such as investment strategies and best practices for client service.
Conclusion
Overall, Assetmark Financial Holdings Inc. is dedicated to empowering financial advisors and institutions by providing a comprehensive suite of investment solutions and platform services. The focus on personalized investment strategies through its Investment Solutions Segment, combined with robust technology and operational support from its Platform Services Segment, positions Assetmark as a valuable partner in the financial advisory field. The breadth of its offerings—from investment management to practice optimization—ensures that advisors can effectively serve their clients’ diverse financial needs.