With earnings season in full swing, the recap of AssetMark's third quarter performance was notable not for its tally of dollars and cents.
But because for the first time in nearly a decade, Natalie Wolfsen wasn't the CEO leading the earnings call.
Instead, those duties were handed off to Michael Kim this week. The longtime AssetMark exec has taken the reins of the California TAMP now that Wolfsen is in full command of Orion Advisor Solutions as the replacement of outgoing founder Erick Clarke.
And Kim, riding the wave of another record-setting quarter, came out swinging by setting some big goals for the company.
Not only does he expect 2023 to go down as the best year in AssetMark history — he also intends to double the size of the company and hit a milestone of 5,000 engaged advisors within the next three years.
"We are committed to getting to 5,000 engaged advisors by end of 2026," Kim said Monday. "As you know, engaged advisors make up north of 90% of our platform assets. These advisors grow faster, have stickier assets and enjoy more of the benefits of outsourcing. If we grow to 5,000 engaged advisors, we'd double the size of the company."
Also new this week, a look at the bumpy road from TD Ameritrade to Schwab; the new online learning resource from The American College of Financial Services; and a recap of how AI is reshaping wealth management.
Check out all those stories and more, only at Financial Planning.
Anything else on your mind? Drop me a line at [email protected]. Have a great weekend, everyone!
Regards,
Justin

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