March AMK Report
11 April 2022 - 10:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company highlights for the month of March 2022 include:
- Platform assets of $90.8 billion at the end of March, up 15.1%
year-over-year.
- Net flows were $791 million in the month of March, down 12.2%
year-over-year.
- AssetMark Trust Company client cash was $3.09 billion, up 23.6%
year-over-year.
- Number of households increased 13.0% year-over-year to 215,668
at the end of March.
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Change |
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Mo. |
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Yr. |
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Mar-21 |
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Apr-21 |
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May-21 |
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Jun-21 |
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Jul-21 |
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Aug-21 |
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Sep-21 |
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Oct-21 |
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Nov-21 |
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Dec-21 |
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Jan-22 |
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Feb-22 |
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Mar-22 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
78.9 |
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81.7 |
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83.0 |
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84.6 |
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86.1 |
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88.5 |
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86.8 |
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90.3 |
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89.8 |
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93.5 |
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90.5 |
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89.5 |
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90.8 |
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1.5% |
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15.1% |
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Net Flows (in $M) |
901 |
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780 |
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514 |
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934 |
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935 |
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927 |
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968 |
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892 |
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994 |
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1,062 |
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650 |
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694 |
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791 |
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14.0% |
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-12.2% |
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CASH METRIC |
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Ending ATC Client Cash (in $B) |
2.50 |
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2.48 |
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2.56 |
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2.59 |
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2.47 |
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2.45 |
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2.61 |
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2.43 |
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2.62 |
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2.93 |
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2.85 |
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2.86 |
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3.09 |
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8.0% |
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23.6% |
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OTHER |
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Number of Households |
190,915 |
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193,325 |
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193,833 |
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196,474 |
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198,619 |
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200,778 |
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203,004 |
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205,808 |
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207,432 |
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209,900 |
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211,601 |
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213,445 |
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215,668 |
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1.0% |
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13.0% |
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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, 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 March 31, 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, CFAHead
of Investor RelationsInvestorRelations@assetmark.com
Media: Alaina KleinmanHead of PR &
Communicationsalaina.kleinman@assetmark.com
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