OverviewSuggest Edit

AssetMark (formerly Genworth Wealth Management) is a company providing management and technology solutions for independent financial advisors and their clients. The platform comprises integrated technology, scalable service, and investment platform solutions. 

TypePublic
Founded1996
HQConcord, US
Websiteassetmark.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Jul 2019)620
Job Openings14
Revenue (FY, 2018)$363.6 M(+24%)
Share Price (Nov 2019)$24.1

AssetMark Office Locations

AssetMark has an office in Concord
Concord, US (HQ)
Swift Plaza Building A, 1655 Grant St 10th Fl
Show all (1)

AssetMark Financials and Metrics

AssetMark Revenue

AssetMark's revenue was reported to be $363.63 m in FY, 2018 which is a 23.1% increase from the previous period.
USD

Revenue (Q3, 2019)

110.1m

Net income (Q3, 2019)

(3.7m)

Market capitalization (15-Nov-2019)

1.7b

Closing stock price (15-Nov-2019)

24.1

Cash (30-Sep-2019)

83.2m

EV

1.8b
AssetMark's current market capitalization is $1.7 b.
Annual
USDFY, 2017FY, 2018

Revenue

295.5m363.6m

Revenue growth, %

23%

General and administrative expense

37.8m45.4m

Operating expense total

276.2m307.2m
Quarterly
USDQ2, 2019Q3, 2019

Revenue

104.5m110.1m

Sales and marketing expense

612.0k565.0k

General and administrative expense

13.1m18.3m

Operating expense total

13.8m18.9m
Annual
USDFY, 2017FY, 2018

Cash

50.1m105.4m

Current Assets

68.5m126.8m

PP&E

7.1m7.0m

Total Assets

1.1b1.1b
Quarterly
USDQ2, 2019Q3, 2019

Cash

65.0m83.2m

Accounts Receivable

10.3m9.4m

Prepaid Expenses

7.1m6.6m

Current Assets

93.1m109.2m
Annual
USDFY, 2017FY, 2018

Net Income

99.0m37.4m

Depreciation and Amortization

23.0m26.1m

Accounts Payable

2.2m(4.2m)

Cash From Operating Activities

45.6m61.7m
Quarterly
USDQ2, 2019Q3, 2019

Net Income

6.0m2.3m

Depreciation and Amortization

14.5m22.0m

Cash From Operating Activities

7.5m32.6m

Purchases of PP&E

(838.0k)(1.3m)
USDY, 2019

EV/CFO

54.8 x

Revenue/Employee

177.6k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
Show all financial metrics

AssetMark Operating Metrics

Q1, 2019

Advisors

7.60 k

Investor Households

137 k
Show all operating metrics

AssetMark Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
AssetMark
AssetMark Brokerage
AssetMark Financial
AssetMark Retirement Services
AssetMark Trust Company
Global Financial Advisor
Global Financial Private Capital

AssetMark Online and Social Media Presence

Embed Graph

AssetMark News and Updates

AssetMark Acquires OBS Financial

$2B+ TAMP providing DFA solutions to join innovative wealth management platform designed to help advisors scale and deliver value to clients $2B+ TAMP providing DFA solutions to join innovative wealth management platform designed to help advisors scale and deliver value to clients

AssetMark Reports Record $56.1B Platform Assets for Second Quarter 2019

CONCORD, Calif., Aug. 28, 2019 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2019.

Investment Management Outsourcing Improves Financial Advisers’ Business Performance and Capacity, Reduces Stress, AssetMark Survey Finds

CONCORD, Calif., Aug. 13, 2019 (GLOBE NEWSWIRE) -- Client engagement, personal income and individual stress levels are all positively impacted when financial advisers outsource their investment management, according to a new study commissioned and released by AssetMark Financial Holdings, Inc., a …

AssetMark Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares of Common Stock

CONCORD, Calif., July 22, 2019 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced the closing of its initial public offering of 14,375,000 shares of its common stock, including the full exercise by the underwriters of their option to purchase 1,875,000 shares of com…

AssetMark Frequently Asked Questions

  • When was AssetMark founded?

    AssetMark was founded in 1996.

  • How many employees does AssetMark have?

    AssetMark has 620 employees.

  • What is AssetMark revenue?

    Latest AssetMark annual revenue is $363.6 m.

  • What is AssetMark revenue per employee?

    Latest AssetMark revenue per employee is $586.5 k.

  • Who are AssetMark competitors?

    Competitors of AssetMark include SocialPicks, CGTZ and Halo Investing.

  • Where is AssetMark headquarters?

    AssetMark headquarters is located at Swift Plaza Building A, 1655 Grant St 10th Fl, Concord.

  • Where are AssetMark offices?

    AssetMark has an office in Concord.

  • How many offices does AssetMark have?

    AssetMark has 1 office.