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April AMK Report

AMK

CONCORD, Calif., May 10, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company highlights for the month of April 2022 include:

  • Platform assets of $86.0 billion at the end of April, up 5.3% year-over-year.
  • Net flows were $376 million in the month of April, down 51.8% year-over-year.
  • AssetMark Trust Company client cash was $2.92 billion, up 17.7% year-over-year.
  • Number of households increased 13.0% year-over-year to 218,508 at the end of April.
Change
Mo. Yr.
Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22
PLATFORM METRICS
Platform Assets (in $B) 81.7 83.0 84.6 86.1 88.5 86.8 90.3 89.8 93.5 90.5 89.5 90.8 86.0 -5.3 % 5.3 %
Net Flows (in $M) 780 514 934 935 927 968 892 994 1,062 650 694 791 376 -52.5 % -51.8 %
CASH METRIC
Ending ATC Client Cash (in $B) 2.48 2.56 2.59 2.47 2.45 2.61 2.43 2.62 2.93 2.85 2.86 3.09 2.92 -5.5 % 17.7 %
OTHER
Number of Households 193,325 193,833 196,474 198,619 200,778 203,004 205,808 207,432 209,900 211,601 213,445 215,668 218,508 1.3 % 13.0 %

This monthly data is being provided on a supplemental basis and should not be taken as a substitute for the Company’s financial statements filed with the Securities and Exchange Commission as part of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. This monthly data is preliminary and subject to revision and should not be taken as an indication of the financial performance of AssetMark for the quarter ending June 30, 2022 or any future period. AssetMark undertakes no obligation to publicly update or review previously reported monthly data. Any updates to previously reported monthly data will be reflected in the historical data that can be found on the Investor Relations page of the Company’s corporate website at ir.assetmark.com. AssetMark reserves the right to discontinue the availability of the data in this monthly report. By filing this press release, AssetMark makes no admission as to the materiality of any information contained herein.

About AssetMark Financial Holdings, Inc.

AssetMark is a leading provider of extensive wealth management and technology solutions that power independent financial advisors and their clients. Through AssetMark, Inc., its investment adviser subsidiary registered with the U.S. Securities and Exchange Commission, AssetMark operates a platform that comprises fully integrated technology, personalized and scalable service, and curated investment platform solutions designed to make a difference in the lives of advisors and their clients.

Contacts
Investors:
Taylor J. Hamilton, CFA
Head of Investor Relations
InvestorRelations@assetmark.com

Media:
Alaina Kleinman
Head of PR & Communications
alaina.kleinman@assetmark.com

SOURCE: AssetMark Financial Holdings, Inc.


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