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AssetMark Financial Holdings

DB:0LA
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0LA
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

AssetMark Financial Holdings, Inc. provides wealth management and technology solutions in the United States. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
0LA Share Price and Events
7 Day Returns
0.7%
DB:0LA
1.9%
DE Capital Markets
-2.4%
DE Market
1 Year Returns
-
DB:0LA
13.4%
DE Capital Markets
11.8%
DE Market
0LA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AssetMark Financial Holdings (0LA) 0.7% 3.8% 8.9% - - -
DE Capital Markets 1.9% 7.3% 5.9% 13.4% -16.9% -33.2%
DE Market -2.4% -1.1% 3% 11.8% 4.4% 7%
1 Year Return vs Industry and Market
  • No trading data on 0LA.
  • No trading data on 0LA.

0LA Value

 Is AssetMark Financial Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AssetMark Financial Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AssetMark Financial Holdings.

DB:0LA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $13.20 * 4.3%
$0.56
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $13.20
Discount Rate (Cost of Equity) See below 4.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0LA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.786 (1 + (1- 21%) (5.66%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.88 * 5.44%)
4.4%

Discounted Cash Flow Calculation for DB:0LA using Excess Returns Model Model

The calculations below outline how an intrinsic value for AssetMark Financial Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:0LA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.3% – 4.4%) * $13.20)
$-0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.02 / (4.4% - -0.39%)
$-0.39
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.20 + $-0.39
$12.81
DB:0LA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0LA represents 0.90391x of NYSE:AMK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90391x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 12.81 x 0.90391
€11.58
Value per share (EUR) From above. €11.58
Current discount Discount to share price of €27.00
= -1 x (€27.00 - €11.58) / €11.58
-133.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AssetMark Financial Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AssetMark Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AssetMark Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0LA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.14
NYSE:AMK Share Price ** NYSE (2020-01-28) in USD $29.87
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 26.49x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AssetMark Financial Holdings.

DB:0LA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AMK Share Price ÷ EPS (both in USD)

= 29.87 ÷ 0.14

209.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AssetMark Financial Holdings is overvalued based on earnings compared to the DE Capital Markets industry average.
  • AssetMark Financial Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does AssetMark Financial Holdings's expected growth come at a high price?
Raw Data
DB:0LA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 209.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
76.7%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 2.53x
Germany Market PEG Ratio Median Figure of 263 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:0LA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 209.23x ÷ 76.7%

2.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AssetMark Financial Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AssetMark Financial Holdings's assets?
Raw Data
DB:0LA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $11.71
NYSE:AMK Share Price * NYSE (2020-01-28) in USD $29.87
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.81x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.89x
DB:0LA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AMK Share Price ÷ Book Value per Share (both in USD)

= 29.87 ÷ 11.71

2.55x

* Primary Listing of AssetMark Financial Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AssetMark Financial Holdings is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess AssetMark Financial Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. AssetMark Financial Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0LA Future Performance

 How is AssetMark Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
76.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AssetMark Financial Holdings expected to grow at an attractive rate?
  • AssetMark Financial Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • AssetMark Financial Holdings's earnings growth is expected to exceed the Germany market average.
  • AssetMark Financial Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0LA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0LA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 76.7%
DB:0LA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 7.6%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.8%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0LA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0LA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 368 32 4
2020-12-31 327 10 4
2020-01-28
2019-12-31 284 3 4
DB:0LA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 403 52 10
2019-06-30 388 51 24
2019-03-31 372 56 30
2018-12-31 364 62 37
2017-12-31 296 46 99

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AssetMark Financial Holdings's earnings are expected to grow significantly at over 20% yearly.
  • AssetMark Financial Holdings's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0LA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from AssetMark Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0LA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.00 1.00 1.00 1.00
2022-12-31 0.84 0.84 0.84 1.00
2021-12-31 0.52 0.52 0.52 1.00
2020-12-31 0.36 0.36 0.36 1.00
2020-01-28
2019-12-31 0.05 0.05 0.05 1.00
DB:0LA Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.14
2019-06-30 0.37
2019-03-31 0.46
2018-12-31 0.57
2017-12-31 1.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AssetMark Financial Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AssetMark Financial Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AssetMark Financial Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0LA Past Performance

  How has AssetMark Financial Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AssetMark Financial Holdings's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if AssetMark Financial Holdings's year on year earnings growth rate was positive over the past 5 years.
  • AssetMark Financial Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AssetMark Financial Holdings's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
AssetMark Financial Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AssetMark Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0LA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 403.44 10.34 69.49
2019-06-30 388.02 24.42 58.13
2019-03-31 372.32 30.45 56.07
2018-12-31 363.63 37.43 54.32
2017-12-31 295.52 98.98 45.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AssetMark Financial Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AssetMark Financial Holdings used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if AssetMark Financial Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess AssetMark Financial Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AssetMark Financial Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0LA Health

 How is AssetMark Financial Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AssetMark Financial Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AssetMark Financial Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AssetMark Financial Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AssetMark Financial Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AssetMark Financial Holdings Company Filings, last reported 3 months ago.

DB:0LA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 847.63 121.65 83.61
2019-06-30 715.51 244.22 65.39
2019-03-31 707.06 244.67 103.14
2018-12-31 699.01 245.12 105.69
2017-12-31 885.96 0.00 50.19
  • AssetMark Financial Holdings's level of debt (14.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if AssetMark Financial Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (43%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess AssetMark Financial Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AssetMark Financial Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0LA Dividends

 What is AssetMark Financial Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AssetMark Financial Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of AssetMark Financial Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AssetMark Financial Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AssetMark Financial Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0LA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0LA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-01-28
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AssetMark Financial Holdings has not reported any payouts.
  • Unable to verify if AssetMark Financial Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AssetMark Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AssetMark Financial Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of AssetMark Financial Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess AssetMark Financial Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AssetMark Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AssetMark Financial Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0LA Management

 What is the CEO of AssetMark Financial Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Charles Goldman
COMPENSATION $1,494,603
AGE 57
TENURE AS CEO 6 years
CEO Bio

Mr. Charles George Goldman is President and Chief Executive Officer of AssetMark Financial Holdings, Inc. since 2014 and serves as its 2013. Mr. Goldman was CEO and Director of National Financial Services LLC. Mr. Goldman serves as Executive Vice President at Charles Schwab Corp. since July 2007. Mr. Goldman serves as President of Institutional Platforms of Fidelity at National Financial Services, LLC. and President of Institutional Platforms - Fidelity Institutional Products Group at Fidelity Investments Institutional Services Company, Inc. He served as an Executive Vice President of Schwab Institutional of Charles Schwab Corp., since July 2007 and was responsible for developing and implementing an accelerated growth strategy for it and for running its day-to-day business operations. Mr. Goldman served as a Head of Schwab Institutional Enterprise of Charles Schwab Corporation since May 21, 2007. He served as an Executive Vice President of Strategy and Corporate Development of Charles Schwab Corporation (CSC) and Charles Schwab & Co., Inc. (Schwab) from May 2004 to 2005. Mr. Goldman served as Senior Vice President of Corporate Development of Schwab of Charles Schwab from 2002 to May 2004. He served as an Executive Vice President of Corporate Development and Strategy of Charles Schwab since May 2004. He joined Schwab in 2001 and served as Senior Vice President of Venture Capital Investing and served in that role since 2001 to 2002. He also served as the Executive Vice President and Chief Operating Officer of Schwab Institutional from 2005 to May 21, 2007. He led numerous strategic initiatives for Schwab, including Charles Schwab Corp.'s cost leadership initiative and merger and acquisition efforts. Mr. Goldman served as President and Chief Operating Officer of Paramount Farms, Inc. and Paramount Citrus Association from 1996 to 2000. He assisted clients in strategic development, operational improvement and organization design at the Los Angeles office of The Boston Consulting Group. He served with Bankers Trust in New York. He serves as the Chairman of the Board of Wall Street on Demand. He serves as a Director of Woolf Enterprises, Inc. Mr. Goldman earned a Bachelor of Science degree Magna Cum Laude in Finance from the University of Southern California, where he was elected to the Phi Beta Kappa honors society. He earned his Master of Business Administration from the University of California at Los Angeles.

CEO Compensation
  • Insufficient data for Charles to compare compensation growth.
  • Charles's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the AssetMark Financial Holdings management team in years:

5.7
Average Tenure
49
Average Age
  • The average tenure for the AssetMark Financial Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Charles Goldman

TITLE
President
COMPENSATION
$1M
AGE
57
TENURE
6 yrs

Jerry Chafkin

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$1M
AGE
59
TENURE
5.4 yrs

Michael Kim

TITLE
Executive VP & Chief Client Officer
COMPENSATION
$1M
AGE
49
TENURE
2 yrs

Gary Zyla

TITLE
Executive VP & CFO
AGE
47
TENURE
9 yrs

Carrie Hansen

TITLE
Executive VP & COO
AGE
49
TENURE
12 yrs

Muk Mehta

TITLE
Executive VP & Chief Information Officer
AGE
53
TENURE
3 yrs

Taylor Hamilton

TITLE
Head of Investor Relations

Ted Angus

TITLE
Executive VP & General Counsel
AGE
48
TENURE
7 yrs

Tamara Bohlig

TITLE
Chief Marketing Officer
AGE
49

Natalie Wolfsen

TITLE
Executive VP & Chief Solutions Officer
AGE
49
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the AssetMark Financial Holdings board of directors in years:

4
Average Tenure
50
Average Age
  • The tenure for the AssetMark Financial Holdings board of directors is about average.
Board of Directors

Xiaodan Liu

TITLE
Chairman
COMPENSATION
$84K
AGE
46
TENURE
4 yrs

Charles Goldman

TITLE
President
COMPENSATION
$1M
AGE
57
TENURE
7 yrs

Tricia Guinn

TITLE
Independent Director
AGE
64
TENURE
1 yrs

Rohit Bhagat

TITLE
Independent Director
COMPENSATION
$73K
AGE
56
TENURE
3 yrs

Ying Sun

TITLE
Director
AGE
43
TENURE
4 yrs

Bryan Lin

TITLE
Director
AGE
49
TENURE
1 yrs

Yi Zhou

TITLE
Director
AGE
50
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Jul 19 Sell Huatai Securities (Shanghai) Asset Management Company Ltd. Company 22. Jul 19 22. Jul 19 -8,125,000 €18.33 €-148,964,083
25. Jul 19 Buy Mukesh Mehta Individual 22. Jul 19 22. Jul 19 500 €19.61 €9,804
X
Management checks
We assess AssetMark Financial Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AssetMark Financial Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0LA News

Simply Wall St News

0LA Company Info

Description

AssetMark Financial Holdings, Inc. provides wealth management and technology solutions in the United States. The company offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology to the financial adviser channel. It offers an integrated technology platform that allows advisers to do research and portfolio analysis, create proposals, open and maintain accounts, implement investments, and meet reporting obligations; delivers its platform and solutions through people who get to know the company’s clients; and provides curated platform of investment options. The company also offers mutual funds to clients of financial advisers; custodial recordkeeping services primarily to investor clients of registered investment advisers; and record-keeper and third-party administrator services for retirement products. It serves independent advisers who provide wealth management advice to the U.S. investors. The company was founded in 1996 and is headquartered in Concord, California. AssetMark Financial Holdings, Inc. is a subsidiary of AssetMark Holdings LLC.

Details
Name: AssetMark Financial Holdings, Inc.
0LA
Exchange: DB
Founded: 1996
$1,952,656,670
72,400,000
Website: http://www.assetmark.com
Address: AssetMark Financial Holdings, Inc.
1655 Grant Street,
10th Floor,
Concord,
California, 94520,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AMK Common Stock New York Stock Exchange US USD 18. Jul 2019
DB 0LA Common Stock Deutsche Boerse AG DE EUR 18. Jul 2019
Number of employees
Current staff
Staff numbers
620
AssetMark Financial Holdings employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 22:53
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2020/01/24
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.