March AMK Report
April 10 2024 - 4:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company results for the month of March 2024 include:
- Platform assets of $116.9 billion at the end of March, up 21.5%
year-over-year.
- Net flows were $833 million in the month of March, up 12.0%
year-over-year.
- AssetMark Trust Company client cash was $3.17 billion, down
0.6% year-over-year.
- Number of households increased 5.5% year-over-year to 257,162
at the end of March.
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Change |
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Mo. |
Yr. |
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Mar-23 |
Apr-23 |
May-23 |
Jun-23 |
Jul-23 |
Aug-23 |
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
Mar-24 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
96.2 |
96.9 |
96.4 |
100.8 |
103.2 |
102.2 |
99.6 |
97.8 |
104.1 |
108.9 |
109.7 |
113.3 |
116.9 |
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3.2 |
% |
21.5 |
% |
Net Flows (in $M) |
744 |
433 |
637 |
624 |
540 |
555 |
448 |
334 |
303 |
628 |
432 |
577 |
833 |
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44.4 |
% |
12.0 |
% |
CASH METRIC |
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Ending ATC Client Cash (in $B) |
3.19 |
2.87 |
2.95 |
2.94 |
2.79 |
2.83 |
2.90 |
2.92 |
2.68 |
3.05 |
2.89 |
2.89 |
3.17 |
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9.7 |
% |
-0.6 |
% |
OTHER |
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Number of Households |
243,775 |
246,570 |
246,654 |
247,934 |
248,780 |
250,307 |
251,424 |
252,079 |
253,068 |
254,110 |
256,078 |
255,908 |
257,162 |
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0.5 |
% |
5.5 |
% |
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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, 2023. 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.
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