AssetMark Revenue Drops. The Stock is Down Too.

AssetMark Financial Holdings added more advisors and assets to its platform during the fourth quarter, but revenue fell year over year, the company reported Thursday after the close. Fourth quarter adjusted earnings per share climbed to 59 cents, up from 46 cents for the same period a year ago. The company reported revenue of $158 million, down from $164 million due to a decrease in spread-based revenue.