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November AMK Report


CONCORD, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company highlights for the month of November 2021 include:

  • Platform assets of $89.8 billion at the end of November, up 25.1% year-over-year.
  • Net flows were $994 million in the month of November, up 98.4% year-over-year.
  • AssetMark Trust Company client cash was $2.62 billion, up 4.8% year-over-year.
  • Number of households increased 12.2% year-over-year to 207,432 at the end of November.
                                                      Mo. Yr.
  Nov-20   Dec-20   Jan-21   Feb-21   Mar-21   Apr-21   May-21   Jun-21   Jul-21   Aug-21   Sep-21   Oct-21   Nov-21      
PLATFORM METRICS                                                        
Platform Assets (in $B) 71.8   74.5   74.6   76.2   78.9   81.7   83.0   84.6   86.1   88.5   86.8   90.3   89.8   -0.6 %   25.1 %
Net Flows (in $M) 501   636   494   532   901   780   514   934   935   927   968   892   994   11.4 %   98.4 %
CASH METRIC                                                        
Ending ATC Client Cash (in $B) 2.50   2.62   2.44   2.60   2.50   2.48   2.56   2.59   2.47   2.45   2.61   2.43   2.62   7.8 %   4.8 %
Number of Households 184,935   186,602   188,057   188,679   190,915   193,325   193,833   196,474   198,619   200,778   203,004   205,808   207,432   0.8 %   12.2 %

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 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.

Taylor J. Hamilton, CFA
Head of Investor Relations

Alaina Kleinman
Head of PR & Communications

SOURCE: AssetMark Financial Holdings, Inc.

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Source: AssetMark, Inc.
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