AssetMark Financial Holdings, Inc. (NYSE:AMK) Q3 2023 Earnings Conference Call November 6, 2023 5:00 PM ET

Company Participants

Taylor Hamilton - Head of IR

Michael Kim - CEO

Gary Zyla - EVP & CFO

Conference Call Participants

Michael Cho - JPMorgan

Jeff Schmitt - William Blair

Patrick O'Shaughnessy - Raymond James

Daniel Fannon - Jefferies

Operator

Good afternoon, everyone, and welcome to AssetMark's Third Quarter 2023 Earnings Conference Call. Currently, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. Today's call is being recorded.

Now I'd like to turn the call over to Taylor Hamilton, Head of Investor Relations. Please go ahead, Mr. Hamilton.

Taylor Hamilton

Thank you. Good afternoon, everyone, and welcome to AssetMark's third quarter 2023 earnings conference call. Joining me are AssetMark's Chief Executive Officer, Michael Kim; and Chief Financial Officer, Gary Zyla.

Today, we'll discuss the results for the third quarter and provide an update to AssetMark's business outlook for 2023. Following our introductory remarks, we'll open up the call for questions. We also have an earnings presentation that Michael and Gary will reference during their prepared remarks. It can be accessed on our IR website at ir.assetmark.com.

Before we get started, I'd like to note that certain statements made during this conference call are forward-looking statements. These forward-looking statements represent our outlook only as of the date of this call, and actual results could differ materially.

Additionally, during today's conference call, we'll be discussing net revenue, adjusted EBITDA, adjusted EBITDA margin and adjusted net income, all of which are non-GAAP financial metrics. Please refer to our earnings press release and SEC filings for more information on forward-looking statements, risk factors associated with our business and required disclosures related to non-GAAP financial information.

And with that, I'll turn the call over to my colleagues. Michael, take it away.

Michael Kim

Thank you, Taylor. Good afternoon and welcome to our third quarter earnings call and my first as CEO. I'm excited and honored to talk to you today. For those of you that do not know me, let me briefly introduce myself and provide some perspective about why the Board has selected me to lead AssetMark into the future.

I've been at AssetMark for 13 years and I've spent almost 30 years in the financial services industry helping financial advisors and their clients. Prior to taking over as CEO in September, I most recently served as President and Chief Client Officer at AssetMark. In that role, I led the firm's Client Success Group, which is focused on helping advisors grow and deepening advisors engagement with advisors.