February AMK Report

Rhea-AI Summary

AssetMark Financial Holdings reported significant growth for February 2022, showcasing key metrics that indicate strong performance. The company’s platform assets reached $89.5 billion, representing a 17.5% year-over-year increase. Net flows for the month totaled $694 million, marking a 30.5% annual growth. Additionally, client cash stood at $2.86 billion, up 10.0% year-over-year, with the number of households increasing 13.1% to 213,445.

Positive

• Platform assets increased to $89.5 billion, up 17.5% year-over-year.
• Net flows of $694 million, representing a 30.5% year-over-year growth.
• Client cash rose to $2.86 billion, a 10.0% increase year-over-year.
• Number of households grew by 13.1%, reaching 213,445.

Negative

• None.

CONCORD, Calif., March 10, 2022 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company highlights for the month of February 2022 include:

• Platform assets of $89.5 billion at the end of February, up 17.5% year-over-year.
• Net flows were $694 million in the month of February, up 30.5% year-over-year.
• AssetMark Trust Company client cash was $2.86 billion, up 10.0% year-over-year.
• Number of households increased 13.1% year-over-year to 213,445 at the end of February.

														Change
														Mo.		Yr.
	Feb-21	Mar-21	Apr-21	May-21	Jun-21	Jul-21	Aug-21	Sep-21	Oct-21	Nov-21	Dec-21	Jan-22	Feb-22
PLATFORM METRICS
Platform Assets (in $B)	76.2	78.9	81.7	83.0	84.6	86.1	88.5	86.8	90.3	89.8	93.5	90.5	89.5	-1.1	%	17.5	%
Net Flows (in $M)	532	901	780	514	934	935	927	968	892	994	1,062	650	694	6.8	%	30.5	%
CASH METRIC
Ending ATC Client Cash (in $B)	2.60	2.50	2.48	2.56	2.59	2.47	2.45	2.61	2.43	2.62	2.93	2.85	2.86	0.4	%	10.0	%
OTHER
Number of Households	188,679	190,915	193,325	193,833	196,474	198,619	200,778	203,004	205,808	207,432	209,900	211,601	213,445	0.9	%	13.1	%

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.

Contacts
Investors:
Taylor J. Hamilton, CFA
Head of Investor Relations
InvestorRelations@assetmark.com

Media: 
Alaina Kleinman
Head of PR & Communications
alaina.kleinman@assetmark.com

SOURCE: AssetMark Financial Holdings, Inc.

FAQ

What were the platform assets of AMK in February 2022?

AMK's platform assets reached $89.5 billion in February 2022.

How much were the net flows for AMK in February 2022?

Net flows for AMK totaled $694 million in February 2022.

What was the year-over-year growth for AMK's client cash in February 2022?

AMK's client cash increased by 10.0% year-over-year, totaling $2.86 billion.

How many households were reported by AMK in February 2022?

AMK reported a total of 213,445 households at the end of February 2022.

What was the year-over-year increase in AMK's number of households?

The number of households increased by 13.1% year-over-year.