Investor Presentaiton
Introducing 2023 outlook
Platform assets
2023 Growth Outlook
10%+
Revenue less cost of revenue
18-22%
Operating expenses
Adjusted EBITDA
Commentary
Targeting net flows as a percentage of beginning of period platform
assets in the high single digits. Market appreciation assumption of
3.5%.
Strong momentum from 2022; 2023 increase is driven by increased
contribution from spread and subscription revenue, in addition to a
full year contribution from Adhesion Wealth.
16-18%
Disciplined expense growth will not outpace revenue growth.
20%+
EBITDA outlook reflects growth in revenue (due to spread revenue,
subscription revenue and the addition of Adhesion Wealth) coupled
with discipled expense management. Naturally dependent on the
macro environment and US equity markets.
Based on growth outlook above, we are targeting 2023 adj. EBITDA margin expansion between 50-100 bps.
For general public use.
ASSETMARK.
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