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December AMK Report

AssetMark, Inc.
·3 min read

CONCORD, Calif., Jan. 10, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. In addition, the Company also disclosed its AMK Report – Annual Summary, which can be found by clicking here.

Company highlights for the month of December 2021 include:

  • Platform assets of $93.5 billion at the end of December, up 25.5% year-over-year.

  • Net flows were $1.1 billion in the month of December, up 67.0% year-over-year.

  • AssetMark Trust Company client cash was $2.93 billion, up 11.8% year-over-year.

  • Number of households increased 12.5% year-over-year to 209,900 at the end of December.

Change

Mo.

Yr.

Dec-20

Jan-21

Feb-21

Mar-21

Apr-21

May-21

Jun-21

Jul-21

Aug-21

Sep-21

Oct-21

Nov-21

Dec-21

PLATFORM METRICS

Platform Assets (in $B)

74.5

74.6

76.2

78.9

81.7

83.0

84.6

86.1

88.5

86.8

90.3

89.8

93.5

4.1%

25.5%

Net Flows (in $M)

636

494

532

901

780

514

934

935

927

968

892

994

1,062

6.8%

67.0%

CASH METRIC

Ending ATC Client Cash (in $B)

2.62

2.44

2.60

2.50

2.48

2.56

2.59

2.47

2.45

2.61

2.43

2.62

2.93

11.8%

11.8%

OTHER

Number of Households

186,602

188,057

188,679

190,915

193,325

193,833

196,474

198,619

200,778

203,004

205,808

207,432

209,900

1.2%

12.5%


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, 2021. 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 December 31, 2021 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.

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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.