Quick Take
AssetMark Financial Holdings (AMK) went public in July 2019, selling ordinary shares at $22.00 in its IPO.
The firm has created a wealth management platform for independent financial advisors and their clients.
AMK has grown impressively but the effects of the Covid19 pandemic on its operations aren’t known yet.
My bias on the stock is Neutral until we gain visibility into its forward outlook.
Company
Concord, California-based AssetMark was founded in 1996 to provide financial advisers with wealth management and client engagement software solutions.
Management is headed by President and CEO