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 Ratings3.9
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)729(+18%)
Job Openings51
Revenue (FY, 2020)$432.1 M(+4%)
Share Price (Jun 2021)$25.9
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 $432.08 m in FY, 2020
USD

Revenue (Q1, 2021)

119.0m

Net income (Q1, 2021)

(8.9m)

Market capitalization (4-Jun-2021)

1.9b

Closing stock price (4-Jun-2021)

25.9

Cash (31-Mar-2021)

75.8m

EV

1.9b
AssetMark's current market capitalization is $1.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

295.5m363.6m417.9m432.1m

Revenue growth, %

23%

General and administrative expense

37.8m45.4m58.0m62.5m

Operating expense total

276.2m307.2m58.0m62.5m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

104.5m110.1m114.9m99.1m119.0m

Sales and marketing expense

612.0k565.0k903.0k845.0k505.0k

General and administrative expense

13.1m18.3m19.4m13.4m17.5m

Operating expense total

13.8m18.9m20.3m14.2m18.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

50.1m105.4m96.3m70.6m

Accounts Receivable

9.7m8.9m

Prepaid Expenses

13.6m

Current Assets

68.5m126.8m132.9m123.3m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

65.0m83.2m80.2m93.6m75.8m

Accounts Receivable

10.3m9.4m12.2m8.9m8.5m

Prepaid Expenses

7.1m6.6m13.1m

Current Assets

93.1m109.2m125.8m132.7m137.8m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

99.0m37.4m(420.0k)(7.8m)

Depreciation and Amortization

23.0m26.1m30.4m35.1m

Accounts Payable

2.2m(4.2m)

Cash From Operating Activities

45.6m61.7m55.1m76.9m
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

6.0m2.3m2.7m(6.5m)(8.9m)

Depreciation and Amortization

14.5m22.0m8.4m17.2m9.5m

Cash From Operating Activities

7.5m32.6m9.2m29.5m14.7m

Purchases of PP&E

(838.0k)(1.3m)(416.0k)(704.0k)(231.0k)
USDFY, 2017

Financial Leverage

1.2 x
Show all financial metrics

AssetMark Operating Metrics

Q1, 2019

Advisors

7.6 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

87/100

SecurityScorecard logo

AssetMark Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

AssetMark Online and Social Media Presence

Embed Graph

AssetMark Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    C

    67/100

  • Compensation

    B

    77/100

  • Diversity

    C+

    68/100

Learn more on Comparably

AssetMark News and Updates

AssetMark Institutional to Host RIA Summit Providing Deep Dive into RIA Business Models May 25-26

Two-day summit will feature guest speakers including Shark Tank’s Kevin O’Leary and Nerd's Eye View Publisher Michael Kitces Two-day summit will feature guest speakers including Shark Tank’s Kevin O’Leary and Nerd's Eye View Publisher Michael Kitces

AssetMark Launches Alternative Investments by iCapital Network®

Latest AssetMark Offering Builds on Company’s Commitment to Helping Financial Advisors Attract and Serve High-Net-Worth Clients Latest AssetMark Offering Builds on Company’s Commitment to Helping Financial Advisors Attract and Serve High-Net-Worth Clients

AssetMark Wins Stevie® Award for Customer Service

CONCORD, Calif., April 20, 2021 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK) today announced it has won a 2021 Silver Stevie Award in the Customer Service Department of the Year - Financial Services (100 or More Employees) category. The Stevie Awards for Sales & Customer Service recognize the ach…

AssetMark Releases 2020 Charitable Giving Report and Honors Financial Advisors with Community Inspiration Award

Company Donates $464,333 in 2020 through Charitable Giving Programs, Including Contributions Made on Behalf of Advisors Who Give Back to Their Communities Company Donates $464,333 in 2020 through Charitable Giving Programs, Including Contributions Made on Behalf of Advisors Who Give Back to Their Co…

AssetMark Survey: Fancy Cup of Joe Will be First to Go Say Retirement-Minded Americans

Realistic Americans Factoring Gig Economy and Sacrifice into Hybrid Retirement Plans Realistic Americans Factoring Gig Economy and Sacrifice into Hybrid Retirement Plans

AssetMark Introduces New Channel to Help RIAs Achieve Scale

AssetMark Institutional Serves the Unique Needs of Registered Investment Advisors, Helping to Drive Growth and Efficiency AssetMark Institutional Serves the Unique Needs of Registered Investment Advisors, Helping to Drive Growth and Efficiency
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AssetMark Blogs

How to Strategically Specialize and Differentiate Your Practice

It’s no secret that there has been a profound shift in the financial advisor community. More advisors are either moving toward (or expanding their reliance on) outsourcing, automation, and fee-based services. Even the fiduciary standard is becoming just that—the standard. 

Why the Client Experience Should Be Your Top Priority

Fundamentally, financial advisors are “people” people. You’re in the business of guiding your clients’ financial lives, protecting their futures, and helping them accomplish their goals. Meeting these responsibilities requires that a financial advisor puts the client experience first.

7 Key Questions to Ask When Evaluating a Turnkey Asset Management Platform

Maybe you find yourself providing services to clients that veer outside of your core specialization; maybe the list of things that you’d like to accomplish if only you had the time is growing longer and longer; maybe you want to grow your practice but don’t have the capacity to start. Wh…

Fee-Aware Clients: What Financial Advisors Need to Keep in Mind

Financial advisors that have worked in the industry for a long time may have noticed a slow but steady change over the years: Their clients have become a lot savvier about their financial advisor’s fee structure.

Virtual Communication: Can Trust Really Be Established from a Distance?

Ask any financial advisor about their most valuable asset, and every single one would probably tell you—it’s trust.

The Shift to Fee-Based Advising—Key Factors to Consider

Great things rarely occur within your comfort zone. Earning your revenue as a financial advisor via commission-based products like mutual funds or annuities might be straightforward and familiar, but it isn’t a sustainable way to grow your practice.
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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 $432.1 m.

  • What is AssetMark revenue per employee?

    Latest AssetMark revenue per employee is $592.7 k.

  • Who are AssetMark competitors?

    Competitors of AssetMark include InvestCloud, Envestnet and eFront.

  • 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.