March AMK Report
12 April 2021 - 10:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company highlights for the month of March 2021 include:
- Platform assets of $78.9 billion at the end of March, up 40.9%
year-over-year.
- Net flows were $901 million in the month of March, up 36.7%
year-over-year.
- AssetMark Trust Company client cash was $2.50 billion, down
16.4% year-over-year.
- Number of households increased 8.1% year-over-year to 190,915
at the end of March.
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Change |
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Mo. |
Yr. |
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Mar-20 |
Apr-20 |
May-20 |
Jun-20 |
Jul-20 |
Aug-20 |
Sep-20 |
Oct-20 |
Nov-20 |
Dec-20 |
Jan-21 |
Feb-21 |
Mar-21 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
56.0 |
59.8 |
62.0 |
63.2 |
65.6 |
68.0 |
67.3 |
66.5 |
71.8 |
74.5 |
74.6 |
76.2 |
78.9 |
|
3.5 |
% |
40.9 |
% |
Net Flows (in $M) |
659 |
414 |
137 |
357 |
319 |
541 |
349 |
396 |
501 |
636 |
494 |
532 |
901 |
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69.4 |
% |
36.7 |
% |
CASH METRIC |
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Ending ATC Client Cash (in $B) |
2.99 |
3.04 |
2.84 |
2.96 |
2.60 |
2.63 |
2.66 |
2.47 |
2.50 |
2.62 |
2.44 |
2.60 |
2.50 |
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-3.8 |
% |
-16.4 |
% |
OTHER |
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Number of Households |
176,681 |
177,975 |
178,284 |
179,166 |
181,115 |
181,977 |
182,683 |
183,774 |
184,935 |
186,602 |
188,057 |
188,679 |
190,915 |
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1.2 |
% |
8.1 |
% |
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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-K for the year ended
December 31, 2020. 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 March 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.
Forward-Looking Statements
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical facts
included in this press release are forward-looking statements and
are not guarantees of future performance or results and involve a
number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in filings we make with the Securities and Exchange Commission.
AssetMark undertakes no duty to update any forward-looking
statement made herein. All forward-looking statements speak only as
of the date of this press release.
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, CFAHead
of Investor RelationsInvestorRelations@assetmark.com
Media: Chris BlakeMSR
Communicationschris@msrcommunications.com
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