CONCORD, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (“the Company”), a leading wealth management technology platform for financial advisors, today began a new era of strategic growth and expansion by announcing the closing of its acquisition by GTCR, a leading private equity firm with substantial investment expertise in financial technology, wealth, and asset management. The closing of the acquisition marks a significant milestone in AssetMark's journey and concludes a suc ...

CONCORD, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of July 2024 include: Platform assets of $122.2 billion at the end of July, up 18.4% year-over-year. Morningstar Wealth TAMP assets are not included in our total as the deal has been signed, but is not closed. Net flows were $437 million in the month of July, down 19.1% year-over-year.AssetMark Trust Company client cash was $ ...

CONCORD, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- AssetMark (NYSE: AMK), a leading wealth management platform for financial advisors, today announced the expansion of its Cash Solutions suite with the addition of FDIC-insured certificates of deposit (CD Plus) and purchased Money Market Funds (MMFs). This strategic initiative enhances AssetMark's existing offerings, empowering advisors to capitalize on the estimated $8 billion share of wallet opportunity within the wealth client cash holding space, as ident ...

财务数据 - 公司总收入为1.98亿美元，同比增长13.1%[19] - 资产管理费收入为1.59亿美元，同比增长15.6%[19] - 利息收入为2.89亿美元，同比下降2.4%[19] - 订阅收入为4.31亿美元，同比增长16.6%[19] - 其他收入为6.45亿美元，同比增长30.8%[19] - 总运营费用为1.51亿美元，同比增长17.2%[19] - 净利润为3.23亿美元，同比下降1.7%[19] - 每股收益为0.43美元，同比下降2.3%[19] - 现金及现金等价物为1.90亿美元，较上年末减少12.9%[16] - 总资产为16.17亿美元，较上年末减少0.2%[16] - 公司在2024年6月30日的现金、现金等价物和受限现金总额为2.06亿美元[27] - 公司2024年上半年净收入为7,028万美元，同比增长40.3%[25] - 公司2024年上半年股份支付费用为800.3万美元[25] - 公司2024年上半年资本支出为2.48亿美元，主要用于购买计算机软件[27] - 公司2024年上半年偿还了9,375万美元的定期贷款[27] - 公司2024年3月31日的总股东权益为13.46亿美元[25] - 公司2024年6月30日的总股东权益为13.46亿美元[25] - 公司2024年上半年营业活动产生的现金流净额为9,944万美元[27] - 公司2024年上半年投资活动使用的现金流净额为3,268万美元[27] - 公司2024年上半年筹资活动使用的现金流净额为9,375万美元[27] 资产收购 - 公司于2024年6月18日与Morningstar, Inc.签订资产购买协议，收购其托管资产管理平台相关的客户咨询协议[47] - 公司于2024年6月收购了晨星公司的客户咨询协议[105] 资产减值 - 公司于2023年10月进行了商誉和无形资产的年度减值测试，结果显示均未发生减值[48][51] - 公司于2024年6月30日的商誉余额为4.879亿美元，无形资产净值为6.789亿美元[48][49] 债务融资 - 公司于2022年1月12日签订了新的信贷协议,总额为5亿美元,包括3.75亿美元的循环信贷和1.25亿美元的定期贷款[65][66] - 公司于2022年10月25日对信贷协议进行了修订,纳入了ESG相关的价格调整机制[65] - 公司于2024年6月30日持有23.709亿美元的可转换票据[56][62] - 公司于2024年6月30日的递延薪酬负债为2.091亿美元[54][60][61] - 公司于2024年6月30日的其他流动负债为8336万美元,较2023年末增加10.3%[53] - 公司于2024年6月30日的其他长期负债为2.130亿美元,较2023年末增加15.6%[54] 业务发展 - 公司提供独立理财顾问一个综合性的财富管理平台，为他们提供服务和能力[92] - 公司的开放式架构平台为不同偏好的理财顾问提供灵活性和选择性[93] - 公司认为社区型独立理财顾问有机会为各种规模的投资者提供个性化和值得信赖的财务指导[94] - 公司持续投资技术开发和销售团队建设以支持业务增长[111][112] - 平台资产总额为1193.87亿美元，较上年同期增长18.5%[118] - 净流入资产为正值，表示新增资产超过赎回资产[119,120] - 净流入资产占期初资产的比例为正值，表示公司获得了良好的资产增长[121] - 活跃顾问数量和顾问管理资产均有所增加，反映公司业务持续增长[122,123,124] - 新增顾问数量和现有顾问的资产增长均有所提升，显示公司具有良好的拓展能力[126,127] - 公司资产托管在自有的信托公司，并有较高比例的现金资产，为公司带来稳定的利息收益[128,129] - 公司营收和净利润均有所增长，净利润率保持在较高水平[130,131,132] - 公司持续进行技术和产品研发投入，为未来发展奠定基础[133] - 调整后的EBITDA和EBITDA利润率均有所提升，反映公司的经营效率不断改善[134,135,136,137,138,139,140,141,142] 合并收购 - 公司于2024年4月25日与GTCR签订合并协议，GTCR将以每股35.25美元的现金收购公司[95][96] - 合并交易需满足一些常规条件,包括获得反垄断审查、监管机构批准等[96] - 公司与GTCR签订合并协议，HIIHL已经书面同意并批准合并[97][98] - 在合并完成前，公司需要在日常经营中获得GTCR的同意才能采取某些特定行动[99] - 合并协议可以在特定情况下被双方终止，并规定了相关违约金[100][101] - 预计合并将于2024年下半年完成，届时公司将从纽交所退市和注销[102] - 除了合并相关费用外，合并协议在2024年6月30日的季度内未对财务报表产生重大影响[103] 财务指标 - 股权激励费用占总收入的比例为2.1%[148] - 重组和整合成本占总收入的比例为1.5%[148] - 并购费用占总收入的比例为3.1%[148] - 长期激励性现金奖励占总收入的比例为0.1%[148] - 调整后净利润为94,987千美元[156] - 调整后净利润率为24.1%[156] - 无形资产摊销费用为4,360千美

For the quarter ended June 2024, AssetMark Financial (AMK) reported revenue of $198.49 million, up 8.3% over the same period last year. EPS came in at $0.66, compared to $0.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $193.28 million, representing a surprise of +2.70%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.66.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

AssetMark Financial (AMK) came out with quarterly earnings of $0.66 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this financial services company would post earnings of $0.61 per share when it actually produced earnings of $0.60, delivering a surprise of -1.64%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.AssetMark ...

EXHIBIT 99.1 AssetMark Reports $119.4B Platform Assets for Second Quarter 2024 CONCORD, Calif., July 18, 2024, (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Financial and Operational Highlights • Net income for the quarter was $32.3 million, or $0.43 per share. • Adjusted net income for the quarter was $49.8 million, or $0.66 per share, on total revenue of $198.5 million. • Adjusted EBITDA for the ...

CONCORD, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 Financial and Operational Highlights Net income for the quarter was $32.3 million, or $0.43 per share.Adjusted net income for the quarter was $49.8 million, or $0.66 per share, on total revenue of $198.5 million.Adjusted EBITDA for the quarter was $71.9 million, or 36.2% of total revenue.Platform assets increased 18.5% ye ...

CONCORD, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of June 2024 include: Platform assets of $119.4 billion at the end of June, up 18.5% year-over-year. Morningstar Wealth TAMP assets are not included in our total as the deal has been signed, but is not closed. Net flows were $397 million in the month of June, down 36.4% year-over-year. AssetMark Trust Company client cash was ...

CONCORD, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company results for the month of June 2024 include: Platform assets of $119.4 billion at the end of June, up 18.5% year-over-year. Morningstar Wealth TAMP assets are not included in our total as the deal has been signed, but is not closed. Net flows were $397 million in the month of June, down 36.4% year-over-year.AssetMark Trust Company client cash was $ ...