AssetMark, Inc.
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AssetMark, Inc. - overview
Established
2008
Location
Concord, CA, US
Primary Industry
Financial Services
About
Founded in 2008 and based in California, US, AssetMark, Inc. , formerly known as Genworth Wealth Management, operates as a global financial security company that helps clients with advice in retirement, investment, mortgage, and lifestyle protection. In April 2024, GTCR agreed to acquire AssetMark, Inc. from Huatai Securities for approximately USD 2.
7 billion, or USD 35. 25 per share in cash, in a public-to-private transaction. The deal is expected to be completed in Q4 2024. As of 2024, the company is led by its CEO and president, Michael Kim.
The company provides wealth management and technology solutions tailored to support financial advisors in managing their clients' diverse financial needs. The firm offers a range of services, including portfolio construction, investment research, and client communication tools. AssetMark provides personalized service and scalable support to meet the unique needs of each advisor. The company also offers curated investment solutions, including turnkey portfolios, custom high-net-worth solutions, and retirement services.
The April 2024 acquisition helps the organization to continuously accelerate its technology solutions and offerings to the financial market.
Primary Industry
Financial Services
Sub Industries
Consulting Services, Investment Banking
Website
www.assetmark.com/
Verticals
FinTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
AssetMark, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private, Secondary Buyout | Completed | AssetMark, Inc. | - | ||||||||
| IPO | Completed | AssetMark, Inc. | - | ||||||||
| LP Direct, Trade Sale | Completed | AssetMark, Inc. | - | ||||||||
| Buyout | Completed | AssetMark, Inc. | - |
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