AssetMark Financial Holdings Inc. (AMK) Tops Q3 EPS by 2c

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Go back to AssetMark Financial Holdings Inc. (AMK) Tops Q3 EPS by 2c

AssetMark Reports $86.8B Platform Assets for Third Quarter 2021

November 9, 2021 4:15 PM EST

CONCORD, Calif., Nov. 09, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended September 30, 2021.

Third Quarter 2021 Financial and Operational Highlights

Net income for the quarter was $12.3 million, or $0.17 per share.Adjusted net income for the quarter was $29.9 million, or $0.40 per share, on total revenue of $139.7 million.Adjusted EBITDA for the quarter was $44.8 million, or 32.0% of total revenue.Platform assets increased 29.1% year-over-year and 2.6% quarter-over-quarter to $86.8 billion, aided by quarterly record net flows of $2.8 billion and... More