Should You Own This Financial Stock in 2020?
AssetMark Financial Holdings (NYSE: AMK), an investment platform for financial advisors, has had a volatile five months since going public mid-July. The stock finished 2019 up 7.32%, while the S&P returned 8.84% over the same time period. At their core AssetMark has served as a one-stop-shop, providing the tools and support needed for advisors to run their business' including operations and back office, reporting, investment manager due diligence, asset management, and custodial services. The integration of these services through technology has been a cornerstone for AssetMark and has been championed by advisors who have effectively used it to scale their business. However, AssetMark is not a Fintech company but a pure Asset Management play. Considering their current valuation and growth prospects investors should be alarmed.
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Growth prospects
Source Fool.com
