February AMK Report
11 März 2024 - 9:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company results for the month of February 2024 include:
- Platform assets of $113.3 billion at the end of February, up
20.1% year-over-year.
- Net flows were $577 million in the month of February, up 6.9%
year-over-year.
- AssetMark Trust Company client cash was $2.89 billion, down
13.0% year-over-year.
- Number of households increased 5.4% year-over-year to 255,908
at the end of February.
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Change |
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Mo. |
Yr. |
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Feb-23 |
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Mar-23 |
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Apr-23 |
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May-23 |
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Jun-23 |
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Jul-23 |
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Aug-23 |
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Sep-23 |
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Oct-23 |
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Nov-23 |
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Dec-23 |
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Jan-24 |
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Feb-24 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
94.3 |
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96.2 |
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96.9 |
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96.4 |
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100.8 |
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103.2 |
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102.2 |
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99.6 |
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97.8 |
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104.1 |
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108.9 |
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109.7 |
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113.3 |
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3.3 |
% |
20.1 |
% |
Net Flows (in $M) |
540 |
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744 |
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433 |
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637 |
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624 |
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540 |
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555 |
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448 |
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334 |
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303 |
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628 |
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432 |
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577 |
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33.6 |
% |
6.9 |
% |
CASH METRIC |
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Ending ATC Client Cash (in $B) |
3.32 |
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3.19 |
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2.87 |
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2.95 |
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2.94 |
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2.79 |
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2.83 |
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2.90 |
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2.92 |
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2.68 |
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3.05 |
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2.89 |
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2.89 |
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0.0 |
% |
-13.0 |
% |
OTHER |
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Number of Households |
242,826 |
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243,775 |
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246,570 |
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246,654 |
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247,934 |
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248,780 |
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250,307 |
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251,424 |
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252,079 |
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253,068 |
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254,110 |
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256,078 |
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255,908 |
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-0.1 |
% |
5.4 |
% |
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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 September 30, 2023 and Form 10-K for the year ended December
31, 2023, which we expect to file on March 14, 2024. 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, 2024, 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 operates a wealth management platform that powers
independent financial advisors and their clients. Together with our
affiliates Voyant and Adhesion Wealth, we serve advisors of all
models at every stage of their journey with flexible, purpose-built
solutions that champion client engagement and drive efficiency. Our
ecosystem of solutions equips advisors with services and
capabilities that would otherwise require significant investments
of time and money, ultimately enabling them to deliver better
investor outcomes and enhance their productivity, profitability and
client satisfaction.
Founded in 1996 and based in Concord, California, the company
has over 1,000 employees. As of year-end 2023, the Company had
approximately $109 billion in platform assets.
Contacts Investors:Taylor J. Hamilton, CFAHead
of Investor RelationsInvestorRelations@assetmark.com
Media: Alaina KleinmanHead of PR &
Communicationsalaina.kleinman@assetmark.com
SOURCE: AssetMark Financial Holdings, Inc.
AssetMark Financial (NYSE:AMK)
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