Yahoo Finance April AMK Report
CONCORD, Calif., May 10, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.
Company results for the month of April 2023 include:
Platform assets of $96.9 billion at the end of April, up 12.7% year-over-year.
Net flows were $433 million in the month of April, up 15.2% year-over-year.
AssetMark Trust Company client cash was $2.87 billion, down 1.7% year-over-year.
Number of households increased 12.8% year-over-year to 246,570 at the end of April.
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| Mo. | Yr. |
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| Apr-22 | May-22 | Jun-22 | Jul-22 | Aug-22 | Sep-22 | Oct-22 | Nov-22 | Dec-22 | Jan-23 | Feb-23 | Mar-23 | Apr-23 |
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PLATFORM METRICS |
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Platform Assets (in $B) | 86.0 | 86.9 | 82.1 | 86.3 | 84.4 | 79.4 | 82.8 | 87.1 | 91.5 | 95.8 | 94.3 | 96.2 | 96.9 | 0.7 | % | 12.7 | % |
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Net Flows (in $M) | 376 | 605 | 383 | 374 | 605 | 228 | 283 | 280 | 345 | 347 | 540 | 744 | 433 | -41.8 | % | 15.2 | % |
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CASH METRIC |
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Ending ATC Client Cash (in $B) | 2.92 | 3.60 | 3.70 | 3.60 | 4.48 | 3.51 | 3.49 | 3.27 | 3.54 | 3.32 | 3.32 | 3.19 | 2.87 | -10.0 | % | -1.7 | % |
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Number of Households | 218,508 | 219,160 | 220,172 | 221,104 | 222,110 | 223,098 | 225,103 | 224,983 | 241,053 | 242,572 | 242,826 | 243,775 | 246,570 | 1.1 | % | 12.8 | % |
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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 Annual Report on Form 10-Q for the quarter ended March 31, 2023. 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, 2023, 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 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 approximately 1,000 employees. As of March 31, 2023, the company had $96.2 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.
