AssetMark Financial reports Q4 EPS 59c, consensus 57c

Reports Q4 platform assets increased 19.1% year-over-year to $108.9B Quarter-over-quarter platform assets were up 9.4%, due to market impact net of fees of $8.1 billion and quarterly net flows of $1.3B. Annual net flows as a percentage of beginning-of-year platform assets were 6.7%. More than 2,600 new households and 154 new producing advisors joined the AssetMark platform during the fourth quarter. In total, as of December 31, , there were over 9,300 advisors and over 254,000 investor households on the AssetMark platform.