About AssetMark
AssetMark is a company based in Concord (United States) founded in 1996 was acquired by GTCR in April 2024.. AssetMark has raised $14.82 million across 3 funding rounds from investors including Huatai Securities, Aquiline Capital Partners and Putnam Lovell Capital Partners. AssetMark has completed 5 acquisitions, including Adhesion Wealth, Efficient Advisors and Global Financial Private Capital. AssetMark offers products and services including Wealth Management Technology and Investment Management Services.
- Headquarter Concord, United States
- Stage Public
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Phone
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Website
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Social
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- Legal Name Assetmark, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.82 M (USD)
in 3 rounds
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Latest Funding Round
$2.82 M (USD), Series A
Nov 28, 2016
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Investors
Huatai Securities
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Adhesion Wealth
& 4 more
- Acquired by
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Products & Services of AssetMark
AssetMark offers a comprehensive portfolio of products and services, including Wealth Management Technology and Investment Management Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Technology platforms for portfolio construction and client communication are provided to advisors to improve practice efficiency.
Curated investment solutions and retirement services are offered to align with clients' financial objectives and risk profiles.
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Funding Insights of AssetMark
AssetMark has successfully raised a total of $14.82M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.82 million completed in November 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.8M
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First Round
First Round
(16 Oct 2000)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Series A - AssetMark | Valuation |
investors |
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| Jun, 2013 | Amount | Series A - AssetMark | Valuation |
investors |
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| Oct, 2000 | Amount | Series A - AssetMark | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AssetMark
AssetMark has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Huatai Securities, Aquiline Capital Partners and Putnam Lovell Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Private equity investments and firm management in Chicago.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AssetMark
AssetMark has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Adhesion Wealth, Efficient Advisors and Global Financial Private Capital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Efficient Advisors manages diversified investment portfolios across various asset classes for optimal returns.
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2009 | ||||
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Financial planning software is offered for RIAs and advisers.
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2006 | ||||
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Investment and wealth management services are provided globally.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AssetMark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Assetmark Comparisons
Competitors of AssetMark
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Assetmark
Frequently Asked Questions about AssetMark
When was AssetMark founded?
AssetMark was founded in 1996 and raised its 1st funding round 4 years after it was founded.
Where is AssetMark located?
AssetMark is headquartered in Concord, United States. It is registered at Concord, New Hampshire, United States.
Is AssetMark a funded company?
AssetMark is a funded company, having raised a total of $14.82M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Oct 16, 2000.
What does AssetMark do?
AssetMark was established in 1996 in Concord, United States, within the financial services sector. Investment management services, such as portfolio construction and research, are delivered to advisors. Digital tools for sales and service, along with tax management and client transition support, are supplied. Financial planning, investor administration, and retirement solutions are also encompassed. These elements are designed to support advisor operations across the United States.
What products or services does AssetMark offer?
AssetMark offers Wealth Management Technology and Investment Management Services.
How many acquisitions has AssetMark made?
AssetMark has made 5 acquisitions, including Adhesion Wealth, Efficient Advisors, and Global Financial Private Capital.
Who are AssetMark's investors?
AssetMark has 4 investors. Key investors include Huatai Securities, Aquiline Capital Partners, Putnam Lovell Capital Partners, and GTCR Chicago Private Equity Firm.
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