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, CA, US
Websiteassetmark.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Dec 2019)729(+18%)
Revenue (FY, 2019)$417.9 M(+15%)
Share Price (Feb 2021)$25.1 (+3%)
Cybersecurity ratingBMore

Key People/Management at AssetMark

Charles G. Goldman

Charles G. Goldman

President, Chief Executive Officer, Director
Yi Zhou

Yi Zhou

Director
Rohit Bhagat

Rohit Bhagat

Director
Xiaoning Jiao

Xiaoning Jiao

Director
Gary Zyla

Gary Zyla

EVP, Chief Financial Officer
Bryan Lin

Bryan Lin

Director
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AssetMark Office Locations

AssetMark has offices in Concord and Lynchburg
Concord, CA, US (HQ)
Swift Plaza Building A, 1655 Grant St 10th Fl
Lynchburg, VA, US
1023 Commerce St suite d
Show all (3)

AssetMark Financials and Metrics

AssetMark Revenue

AssetMark's revenue was reported to be $417.94 m in FY, 2019
USD

Revenue (Q2, 2020)

99.1m

Net income (Q2, 2020)

(9.3m)

Market capitalization (5-Feb-2021)

1.8b

Closing stock price (5-Feb-2021)

25.1

Cash (30-Jun-2020)

93.6m

EV

1.9b
AssetMark's current market capitalization is $1.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

295.5m363.6m417.9m

Revenue growth, %

23%

General and administrative expense

37.8m45.4m58.0m

Operating expense total

276.2m307.2m58.0m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

104.5m110.1m114.9m99.1m

Sales and marketing expense

612.0k565.0k903.0k845.0k

General and administrative expense

13.1m18.3m19.4m13.4m

Operating expense total

13.8m18.9m20.3m14.2m
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

50.1m105.4m96.3m

Accounts Receivable

9.7m

Current Assets

68.5m126.8m132.9m

PP&E

7.1m7.0m7.1m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

65.0m83.2m80.2m93.6m

Accounts Receivable

10.3m9.4m12.2m8.9m

Prepaid Expenses

7.1m6.6m

Current Assets

93.1m109.2m125.8m132.7m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

99.0m37.4m(420.0k)

Depreciation and Amortization

23.0m26.1m30.4m

Accounts Payable

2.2m(4.2m)

Cash From Operating Activities

45.6m61.7m55.1m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

6.0m2.3m2.7m(6.5m)

Depreciation and Amortization

14.5m22.0m8.4m17.2m

Cash From Operating Activities

7.5m32.6m9.2m29.5m

Purchases of PP&E

(838.0k)(1.3m)(416.0k)(704.0k)
USDFY, 2017

Financial Leverage

1.2 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

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

AssetMark Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

AssetMark Online and Social Media Presence

Embed Graph

AssetMark News and Updates

AssetMark to Announce Fourth Quarter 2020 Results on February 11, 2021

CONCORD, Calif., Jan. 25, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced that it will release financial results for its quarter ended December 31, 2020 after the U.S. market close on Thursday, February 11, 2021. AssetMark will host a conference call and web…

AssetMark Issues its 2021 Predictions for the Financial Advisory Industry

CONCORD, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK) today announced its 2021 outlook for the financial advisory industry. While the advisor-client dynamic has undergone a dramatic transformation in the past year, many in the industry agree the pandemic merely accelerated many …

AssetMark Closes $250 Million Revolving Credit Facility, Retires Existing Term Loan

CONCORD, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) announced today that it has entered into a new Credit Agreement with six banks, including Bank of Montreal serving as administrative agent. The Credit Agreement provides for a $250 million secured rev…

AssetMark Brings CIBC Private Wealth High-Net-Worth Solution to AssetMark Platform

CONCORD, Calif., Dec. 02, 2020 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK) today announced it will offer CIBC Private Wealth investment management services and wealth planning expertise on the AssetMark platform to support financial advisors in serving the complex needs of high-net-worth and ultra-h…

AssetMark CEO Charles Goldman to Keynote at FPA of Miami Symposium

CONCORD, Calif., Nov. 17, 2020 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK) today announced Charles Goldman, President and CEO at AssetMark, will present “The Future of Financial Advice” at the Financial Planning Association (FPA) of Miami Symposium taking place virtually on November 19, 2020 at 11 a…

AssetMark Survey: Nearly Half of Americans Stung by Pandemic Now Want to Learn More about Investing

Not Knowing “Where to Start” Higher Than Distrust of Markets on List of Investing Deterrents Not Knowing “Where to Start” Higher Than Distrust of Markets on List of Investing Deterrents
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AssetMark Blogs

Transparency, Client Trust, and Abraham Lincoln

With President’s Day top of mind, consider this: Abraham Lincoln was both a lawyer and a politician, and yet somehow, he earned the nickname “Honest Abe”. When you think about your own relationships with investor clients and prospects, how can you provide greater transparency to create …

How Outsourced Investment Management Can Improve Your Practice

Deciding to outsource investment management can be transformative to your business—which is a pretty intimidating prospect. There are a lot of unknowns associated with outsourcing, like the kind of impact that outsourcing will have on your business, the nature of your relationship with t…

5 Tips to Grow Your Practice When You’re Feeling Overwhelmed

Your clients have placed their financial future in your hands—that's a serious responsibility. In order to provide the level of service your clients deserve, you need to ensure that your practice is running smoothly. But managing invoicing, investment research, staffing, and the small ga…

Rethinking Your “Giving Season” Philosophy

As a challenging year comes to an end, despite the many hardships that affect us all, people are still looking at ways they can donate time and money to help those in even greater need.

Opportunities for Advisors Abound Despite Market Impact of COVID-19

Has the global pandemic impacted how people feel about investing? Our new American Financial Experience Survey says yes, and in a big way. Designed to gauge the attitudes and opinions of American consumers about all the various factors that affect their financial picture, our new quart…

Empowering Women in Financial Services

At AssetMark, we believe everyone should have access to financial planning and advice, and that our industry needs to continue to expand its recruiting and retention efforts so that the individuals providing that advice reflect the communities they serve.

AssetMark Frequently Asked Questions

  • When was AssetMark founded?

    AssetMark was founded in 1996.

  • Who are AssetMark key executives?

    AssetMark's key executives are Charles G. Goldman, Yi Zhou and Rohit Bhagat.

  • How many employees does AssetMark have?

    AssetMark has 729 employees.

  • What is AssetMark revenue?

    Latest AssetMark annual revenue is $417.9 m.

  • What is AssetMark revenue per employee?

    Latest AssetMark revenue per employee is $573.3 k.

  • Who are AssetMark competitors?

    Competitors of AssetMark include eFront, iCapital Network and FirmFunding.

  • 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 offices in Concord and Lynchburg.

  • How many offices does AssetMark have?

    AssetMark has 3 offices.