AssetMark Financial Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:18 pm EST
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AssetMark Financial Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 181.17 million compared to USD 149.33 million a year ago. Revenue was USD 190.52 million compared to USD 154.66 million a year ago. Net income was USD 38.39 million compared to USD 30.11 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.41 a year ago.
For the nine months, sales was USD 525.08 million compared to USD 439.76 million a year ago. Revenue was USD 550.32 million compared to USD 454.17 million a year ago. Net income was USD 88.48 million compared to USD 77.67 million a year ago. Basic earnings per share from continuing operations was USD 1.19 compared to USD 1.05 a year ago. Diluted earnings per share from continuing operations was USD 1.19 compared to USD 1.05 a year ago.
AssetMark Financial Holdings, Inc. provides a wealth management platform that powers independent financial advisers and their clients. The Companyâs platform provides advisers with an integrated suite of products and services that facilitates growth, streamlines workflows and provides scale to advisersâ businesses, so they can better serve their clients, who are investors of all sizes. Its platform includes Flexible technology platform, Personalized and scalable adviser service, Curated investment platform and Financial planning technology. Its integrated, open-architecture platform is built for advisers. Advisers have access to a range of automated tools and capabilities that help them differentiate the client experience, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress-to-goal analysis, and client activity tracking. It also provides a full spectrum of services for many aspects of the adviserâs firm.
ASSETMARK FINANCIAL HOLDINGS, INC. 
