AssetMark Financial reports Q4 adjusted EPS 46c, consensus 44c

Reports Q4 revenue $164.1M, consensus $150.08M. Platform assets decreased 2.2% year-over-year to $91.5B. Quarter-over-quarter platform assets were up 15.2%, due to adding $6.9B from the acquisition of Adhesion Wealth. The company said, "AssetMark continued its evolution from a TAMP to a holistic, full-service wealth management platform oriented around what advisors need to deliver resilient investor outcomes while successfully growing their practices. In 2022, we served more advisors and investors than ever before, supporting over 9,200 advisors who used our platform to help more than 241,000 investor households. We achieved record financial and operational results and matched our all-time high in our annual Net Promoter Score. Despite a challenging macro-environment, we truly made a difference in the lives of our advisors and their clients. 2022 was a strong year at AssetMark. We are well positioned to help our advisors grow in 2023 and beyond, which in turn will help AssetMark grow."