AssetMark Financial Holdings Inc. (AMK) Tops Q2 EPS by 3c
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AssetMark Reports $84.6B Platform Assets for Second Quarter 2021
July 28, 2021 4:15 PM EDTCONCORD, Calif., July 28, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended June 30, 2021.
Second Quarter 2021 Financial and Operational Highlights
Net income for the quarter was $10.0 million, or $0.14 per share.Adjusted net income for the quarter was $26.6 million, or $0.36 per share, on total revenue of $128.0 million.Adjusted EBITDA for the quarter was $40.0 million, or 31.3% of total revenue.Platform assets increased 33.8% year-over-year and 7.2% quarter-over-quarter to $84.6 billion, aided by quarterly record net flows of $2.2 billion and market impact net of fees of... More