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.) (Dec 2019)729(+18%)
Job Openings42
Revenue (FY, 2019)$417.9 M(+15%)
Share Price (Nov 2020)$24.8 (+2%)
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
Show more

AssetMark Office Locations

AssetMark has offices in Concord and Lynchburg
Concord, US (HQ)
Swift Plaza Building A, 1655 Grant St 10th Fl
Lynchburg, 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 (16-Nov-2020)

1.8b

Closing stock price (16-Nov-2020)

24.8

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

87/100

SecurityScorecard logo

AssetMark Online and Social Media Presence

Embed Graph

AssetMark News and Updates

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

AssetMark Kicks Off Fall with New Marketing and Investor Education Tools for Financial Advisors

New Slate of Investor-Facing Webinars and Downloadable Marketing Tools Can Help Advisors Better Promote Their Services while Demonstrating Value for Faster Growth New Slate of Investor-Facing Webinars and Downloadable Marketing Tools Can Help Advisors Better Promote Their Services while Demonstratin…

AssetMark Unveils Enhanced Client Proposal and New PortfolioReview for Financial Advisors in Virtual Age

Interactive, Zoom-Ready Advice Delivery and Client Review Tools Deepen Advisor-Investor Interactions and Trust Interactive, Zoom-Ready Advice Delivery and Client Review Tools Deepen Advisor-Investor Interactions and Trust

Refinitiv Wealth Management boosts AssetMark platform

Refinitiv today announces a new collaboration with AssetMark, a leading provider of Wealth Management and technology solutions, to bring added resource, scale and innovation to AssetMark through the R

AssetMark Closes on the Acquisition of OBS Financial

CONCORD, Calif., March 02, 2020 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc., announced the completion of its acquisition of OBS Financial, a $2 billion-plus turnkey asset management platform and a subsidiary of Canandaigua National Corporation. By completing the transaction, AssetMark w…
Show more

AssetMark Blogs

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 Interactive Advisors, Robin'Finance and investiere.

  • 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.