October AMK Report
13 Noviembre 2023 - 3:15PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company results for the month of October 2023 include:
- Platform assets of $97.8 billion at the end of October, up
18.1% year-over-year.
- Net flows were $334 million in the month of October, up 18.0%
year-over-year.
- AssetMark Trust Company client cash was $2.92 billion, down
16.3% year-over-year.
- Number of households increased 12.0% year-over-year to 252,079
at the end of October.
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Change |
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Mo. |
Yr. |
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Oct-22 |
Nov-22 |
Dec-22 |
Jan-23 |
Feb-23 |
Mar-23 |
Apr-23 |
May-23 |
Jun-23 |
Jul-23 |
Aug-23 |
Sep-23 |
Oct-23 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
82.8 |
87.1 |
91.5 |
95.8 |
94.3 |
96.2 |
96.9 |
96.4 |
100.8 |
103.2 |
102.2 |
99.6 |
97.8 |
-1.8 |
% |
18.1 |
% |
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Net Flows (in $M) |
283 |
280 |
345 |
347 |
540 |
744 |
433 |
637 |
624 |
540 |
555 |
448 |
334 |
-25.4 |
% |
18.0 |
% |
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CASH METRIC |
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Ending ATC Client Cash (in $B) |
3.49 |
3.27 |
3.54 |
3.32 |
3.32 |
3.19 |
2.87 |
2.95 |
2.94 |
2.79 |
2.83 |
2.90 |
2.92 |
0.7 |
% |
-16.3 |
% |
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OTHER |
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Number of Households |
225,103 |
224,983 |
241,053 |
242,572 |
242,826 |
243,775 |
246,570 |
246,654 |
247,934 |
248,780 |
250,307 |
251,424 |
252,079 |
0.3 |
% |
12.0 |
% |
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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 Quarterly Report on Form 10-Q for the quarter
ended September 30, 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 December
31, 2023, 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 September 30, 2023, the company had
$99.6 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 Holding, Inc.
AssetMark Financial (NYSE:AMK)
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