May AMK Report
10 Juni 2021 - 10:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company highlights for the month of May 2021 include:
- Platform assets of $83.0 billion at the end of May, up 33.9%
year-over-year.
- Net flows were $514 million in the month of May, up 275.2%
year-over-year.
- This reflects $424 million of outflows from two GFPC advisors.
- This represents nearly all the platform assets for these
advisors who are leaving the platform.
- These outflows were previously disclosed on AssetMark’s 1Q21
earnings call.
- Net flows, excluding these two GFPC advisors, were $938 million
in May.
- AssetMark Trust Company client cash was $2.56 billion, down
9.9% year-over-year.
- Number of households increased 8.7% year-over-year to 193,833
at the end of May.
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Change |
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Mo. |
Yr. |
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May-20 |
Jun-20 |
Jul-20 |
Aug-20 |
Sep-20 |
Oct-20 |
Nov-20 |
Dec-20 |
Jan-21 |
Feb-21 |
Mar-21 |
Apr-21 |
May-21 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
62.0 |
63.2 |
65.6 |
68.0 |
67.3 |
66.5 |
71.8 |
74.5 |
74.6 |
76.2 |
78.9 |
81.7 |
83.0 |
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1.6 |
% |
33.9 |
% |
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Net Flows (in $M) |
137 |
357 |
319 |
541 |
349 |
396 |
501 |
636 |
494 |
532 |
901 |
780 |
514 |
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-34.1 |
% |
275.7 |
% |
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CASH METRIC |
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Ending ATC Client Cash (in $B) |
2.84 |
2.96 |
2.60 |
2.63 |
2.66 |
2.47 |
2.50 |
2.62 |
2.44 |
2.60 |
2.50 |
2.48 |
2.56 |
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3.2 |
% |
-9.9 |
% |
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OTHER |
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Number of Households |
178,284 |
179,166 |
181,115 |
181,977 |
182,683 |
183,774 |
184,935 |
186,602 |
188,057 |
188,679 |
190,915 |
193,325 |
193,833 |
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0.3 |
% |
8.7 |
% |
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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 Quarterly Report on Form 10-Q for the quarter
ended March 31, 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 June 30,
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.
Contacts Investors:Taylor J. Hamilton, CFAHead
of Investor RelationsInvestorRelations@assetmark.com
Media: Oliver HaysMSR Communications for AssetMark,
Inc.oliver@msrcommunications.com
SOURCE: AssetMark Financial Holdings, Inc.
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