Assetmark, Inc. (Concord)
Assetmark, Inc. Is a Large Advisory Firm Based in Concord. It Manages $29.54 Billion of Regulatory Assets for 178,086 Client Accounts. It Has Been Registered...
Assetmark, Inc. is a large advisory firm based in Concord. It manages $29.54 billion of regulatory assets for 178,086 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Assetmark provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Assetmark: assets under management
The assets under management (AUM) of Assetmark, Inc. is $29.54 billion. The firm's AUM has grown by 118% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $28.62 billion in discretionary accounts and $920.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $27.88 million.
Assetmark has custody of $22.92 billion in cash and securities for 151,431 clients in total and its related person acts as a qualified custodian.
Investments
The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in government bonds form 1% of the total invested assets.
David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.
