August AMK Report
09 September 2021 - 10:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company highlights for the month of August 2021 include:
- Platform assets of $88.5 billion at the end of August, up 30.1%
year-over-year.
- Net flows were $927 million in the month of August, up 71.3%
year-over-year.
- AssetMark Trust Company client cash was $2.45 billion, down
6.8% year-over-year.
- Number of households increased 10.3% year-over-year to 200,778
at the end of August.
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Change |
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Mo. |
Yr. |
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Aug-20 |
Sep-20 |
Oct-20 |
Nov-20 |
Dec-20 |
Jan-21 |
Feb-21 |
Mar-21 |
Apr-21 |
May-21 |
Jun-21 |
Jul-21 |
Aug-21 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
68.0 |
67.3 |
66.5 |
71.8 |
74.5 |
74.6 |
76.2 |
78.9 |
81.7 |
83.0 |
84.6 |
86.1 |
88.5 |
2.8 |
% |
30.1 |
% |
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Net Flows (in $M) |
541 |
349 |
396 |
501 |
636 |
494 |
532 |
901 |
780 |
514 |
934 |
935 |
927 |
-0.9 |
% |
71.3 |
% |
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CASH METRIC |
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Ending ATC Client Cash (in $B) |
2.63 |
2.66 |
2.47 |
2.50 |
2.62 |
2.44 |
2.60 |
2.50 |
2.48 |
2.56 |
2.59 |
2.47 |
2.45 |
-0.8 |
% |
-6.8 |
% |
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OTHER |
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Number of Households |
181,977 |
182,683 |
183,774 |
184,935 |
186,602 |
188,057 |
188,679 |
190,915 |
193,325 |
193,833 |
196,474 |
198,619 |
200,778 |
1.1 |
% |
10.3 |
% |
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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 June 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 September
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.
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: Alaina KleinmanHead of PR &
Communicationsalaina.kleinman@assetmark.com
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