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October AMK Report

AssetMark, Inc.
AssetMark, Inc.

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

Company results for the month of October 2022 include:

  • Platform assets of $82.8 billion at the end of October, down 8.3% year-over-year.

  • Net flows were $283 million in the month of October, down 68.3% year-over-year.

  • AssetMark Trust Company client cash was $3.49 billion, up 43.6% year-over-year.

  • Number of households increased 9.4% year-over-year to 225,103 at the end of October.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mo.

Yr.

 

 

Oct-21

 

Nov-21

 

Dec-21

 

Jan-22

 

Feb-22

 

Mar-22

 

Apr-22

 

May-22

 

Jun-22

 

Jul-22

 

Aug-22

 

Sep-22

 

Oct-22

 

 

 

 

PLATFORM METRICS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Platform Assets (in $B)

90.3

 

89.8

 

93.5

 

90.5

 

89.5

 

90.8

 

86.0

 

86.9

 

82.1

 

86.3

 

84.4

 

79.4

 

82.8

 

4.3

%

-8.3

%

 

Net Flows (in $M)

892

 

994

 

1,062

 

650

 

694

 

791

 

376

 

605

 

383

 

374

 

605

 

228

 

283

 

24.1

%

-68.3

%

 

CASH METRIC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending ATC Client Cash (in $B)

2.43

 

2.62

 

2.93

 

2.85

 

2.86

 

3.09

 

2.92

 

3.60

 

3.70

 

3.60

 

4.48

 

3.51

 

3.49

 

-0.6

%

43.6

%

 

OTHER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Households

205,808

 

207,432

 

209,900

 

211,601

 

213,445

 

215,668

 

218,508

 

219,160

 

220,172

 

221,104

 

222,110

 

223,098

 

225,103

 

0.9

%

9.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 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 December 31, 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.