April AMK Report

May 10th, 2022 16:15 EST

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-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22  
PLATFORM METRICS               
Platform Assets (in $B)81.783.084.686.188.586.890.389.893.590.589.590.886.0-5.3%5.3%
Net Flows (in $M)7805149349359279688929941,062650694791376-52.5%-51.8%
CASH METRIC               
Ending ATC Client Cash (in $B)2.482.562.592.472.452.612.432.622.932.852.863.092.92-5.5%17.7%
OTHER               
Number of Households193,325193,833196,474198,619200,778203,004205,808207,432209,900211,601213,445215,668218,5081.3%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, CFAHead of Investor Relations[email protected]

Media: Alaina KleinmanHead of PR & Communications[email protected]

SOURCE: AssetMark Financial Holdings, Inc.

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