Seven Takeaways From AssetMark's IPO Filing - Wealth …

AssetMark, and its revenue, are growing. AssetMark charges advisors a recurring … AssetMark’s owner is also underwriting the IPO. AssetMark was acquired by … AssetMark’s plan for the IPO capital raised. AssetMark plans to use approximately … AssetMark has invested over $150 million in technology. Since the start of 2015, … AssetMark grows the firms it acquires. AssetMark describes itself as a “disciplined …

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Seven Takeaways From AssetMark's IPO Filing - Wealth …

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AssetMark Completes IPO On NYSE | Financial Planning

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Jul 18, 2019 · The firm raised $275 million by offering 12.5 million shares at $22, giving the TAMP a market capitalization of more than $1.6 billion, according to the IPO research firm …

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AssetMark IPO Seen As Boon For Financial Services

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Jul 18, 2019 · The IPO share price of $22, which raised $275 million, was above the stated target range of $19 to $21 per share and valued the 23-year-old TAMP at more than $1.6 billion.

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As AssetMark Files For IPO, Experts Value TAMP At More Than $1.2 ...

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Jun 26, 2019 · AssetMark did not respond to a request for comment, but according to the SEC filing, it had $37 million in net income last year and it has added nearly $6 billion in assets in …

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Wealth Wishes: Wealth Management Platform AssetMark Financial …

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AssetMark Financial Holdings, which provides a wealth management platform for independent financial advisers, filed on Monday with the SEC to raise up to $100 million in an initial public …

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One Year Since AssetMark's IPO: A Look At The TAMP's Growth

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Jul 17, 2020 · Since the IPO, the Concord, California-based turnkey asset management platform has a market capitalization of $2 billion, boasts $63.2 billion client assets under management, …

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How Private Equity Ownership Will And Won't Change AssetMark

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Oct 2, 2024 · The wealth management technology platform provider AssetMark is now fully owned by the private equity shop GTCR, which struck a deal back in April to buy the firm for $2.7 billion.

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AssetMark To Acquire $12B In Assets From Morningstar Wealth

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Jun 20, 2024 · Also, the 9,200 advisors now working with AssetMark will gain access to a range of model portfolios and separately managed accounts managed by Morningstar's investment …

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Private Equity-Backed U.S. IPOs Set To Surge In Market Revival

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1 day ago · Last year, companies backed by buyout firms saw just $8.7 billion in U.S. IPO exits, significantly below the pre-pandemic average of $45.1 billion, according to a new analysis by …

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AssetMark (AMK) & Morningstar Wealth Form Strategic Alliance

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Jun 21, 2024 · AssetMark’s shares have gained 17.2% in the past six months compared with the industry’s 8.6% growth. Image Source: Zacks Investment Research AMK presently carries a …

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AssetMark Financial (AMK) Stock Price, News & Analysis

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4 days ago · AssetMark Financial (AMK) raised $250 million in an IPO on Thursday, July 18th 2019. The company issued 12,500,000 shares at a price of $19.00-$21.00 per share. J.P. …

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AssetMark Launches Morningstar Wealth Investment Strategies For ...

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Sep 12, 2024 · As announced in June 2024, AssetMark agreed to acquire approximately $12 billion in assets from Morningstar Wealth’s Turnkey Asset Management Platform (TAMP), with …

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FAQs about Seven Takeaways From AssetMark's IPO Filing - Wealth … Coupon?

Is Assetmark planning to IPO?

Assetmark is planning to raise up to $100 million under the ticker “AMK” on the New York Stock Exchange. The amount of money raised is a placeholder, and it is expected to raise much more. WealthManagement.com took a close look at AssetMark’s IPO filing and here's what we know so far … ...

How did Assetmark perform in 2018?

In 2018, AssetMark reported revenue of $363.6 million, including $338 million in asset-based revenue and $20.4 million in spread-based revenue. The company achieved a 45% rate from March 2017 to March 2019. ...

How much will Assetmark use IPO proceeds to repay a loan?

Assetmark plans to use approximately $125 million of the net proceeds from the IPO to repay a portion of its $249.4 million term loan. The loan has a variable rate—initially LIBOR plus a margin of 3.5% or the alternate base rate—in addition to a margin of 2.5%. ...

Who currently owns Assetmark?

AssetMark was acquired by Huatai Securities in 2016 for about $768 million. Huatai Securities currently owns Assetmark. The other underwriters planning to price and sell shares in the IPO are J.P. Morgan, Goldman Sachs, Credit Suisse, BMO Capital Markets, Raymond James and William Blair. ...

Who are Assetmark financial's top institutional investors?

AssetMark Financial's top institutional investors include Bank of New York Mellon Corp (0.17%), SG Americas Securities LLC (0.11%), Harbor Capital Advisors Inc. (0.01%) and Concourse Financial Group Securities Inc.. ...

Does Assetmark financial holdings 'go on offense' in 2023?

AssetMark Financial Holdings, Inc. provides a wealth management platform for advisors and their clients in the U.S. The firm has seen advisors "go on offense" so far in 2023. However, leading economic indicators suggest a recession ahead, so I'm cautious about the period ahead. ...