Bay Street News

February AMK Report

CONCORD, Calif., March 11, 2024 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company results for the month of February 2024 include:

                                                         
                                                      Change
                                                      Mo. Yr.
  Feb-23   Mar-23   Apr-23   May-23   Jun-23   Jul-23   Aug-23   Sep-23   Oct-23   Nov-23   Dec-23   Jan-24   Feb-24      
PLATFORM METRICS                                                        
Platform Assets (in $B) 94.3   96.2   96.9   96.4   100.8   103.2   102.2   99.6   97.8   104.1   108.9   109.7   113.3   3.3 % 20.1 %
Net Flows (in $M) 540   744   433   637   624   540   555   448   334   303   628   432   577   33.6 % 6.9 %
CASH METRIC                                                        
Ending ATC Client Cash (in $B) 3.32   3.19   2.87   2.95   2.94   2.79   2.83   2.90   2.92   2.68   3.05   2.89   2.89   0.0 % -13.0 %
OTHER                                                        
Number of Households 242,826   243,775   246,570   246,654   247,934   248,780   250,307   251,424   252,079   253,068   254,110   256,078   255,908   -0.1 % 5.4 %
                                                         
                                                         

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 September 30, 2023 and Form 10-K for the year ended December 31, 2023, which we expect to file on March 14, 2024. 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 March 31, 2024, 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 operates a wealth management platform that powers independent financial advisors and their clients. Together with our affiliates Voyant and Adhesion Wealth, we serve advisors of all models at every stage of their journey with flexible, purpose-built solutions that champion client engagement and drive efficiency. Our ecosystem of solutions equips advisors with services and capabilities that would otherwise require significant investments of time and money, ultimately enabling them to deliver better investor outcomes and enhance their productivity, profitability and client satisfaction.

Founded in 1996 and based in Concord, California, the company has over 1,000 employees. As of year-end 2023, the Company had approximately $109 billion in platform assets.

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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