July AMK Report

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

Company results for the month of July 2022 include:

• Platform assets of $86.3 billion at the end of July, up 0.2% year-over-year.
• Net flows were $374 million in the month of July, down 60.0% year-over-year.
• AssetMark Trust Company client cash was $3.60 billion, up 45.7% year-over-year.
• Number of households increased 11.3% year-over-year to 221,104 at the end of July.

														Change
														Mo.		Yr.
	Jul-21	Aug-21	Sep-21	Oct-21	Nov-21	Dec-21	Jan-22	Feb-22	Mar-22	Apr-22	May-22	Jun-22	Jul-22
PLATFORM METRICS
Platform Assets (in $B)	86.1	88.5	86.8	90.3	89.8	93.5	90.5	89.5	90.8	86.0	86.9	82.1	86.3	5.1	%	0.2	%
Net Flows (in $M)	935	927	968	892	994	1,062	650	694	791	376	605	383	374	-2.3	%	-60.0	%
CASH METRIC
Ending ATC Client Cash (in $B)	2.47	2.45	2.61	2.43	2.62	2.93	2.85	2.86	3.09	2.92	3.60	3.70	3.60	-2.7	%	45.7	%
OTHER
Number of Households	198,619	200,778	203,004	205,808	207,432	209,900	211,601	213,445	215,668	218,508	219,160	220,172	221,104	0.4	%	11.3	%

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 June 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 September 30, 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.

SOURCE: AssetMark Financial Holdings, Inc.

Contacts
Investors:
Taylor J. Hamilton, CFA
Head of Investor Relations
InvestorRelations@assetmark.com

Media: 
Alaina Kleinman
Head of PR & Communications
alaina.kleinman@assetmark.com