July AMK Report
12 Agosto 2024 - 3:30PM
AssetMark Financial Holdings, Inc. (NYSE: AMK) released its
“AssetMark Monthly Knowledge” Report today.
Company results for the month of July 2024 include:
- Platform assets of $122.2 billion at the end of July, up 18.4%
year-over-year. Morningstar Wealth TAMP assets are not included in
our total as the deal has been signed, but is not closed.
- Net flows were $437 million in the month of July, down 19.1%
year-over-year.
- AssetMark Trust Company client cash was $2.75 billion, down
1.4% year-over-year.
- Number of households increased 5.0% year-over-year to 261,271
at the end of July.
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Change |
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Mo. |
Yr. |
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Jul-23 |
Aug-23 |
Sep-23 |
Oct-23 |
Nov-23 |
Dec-23 |
Jan-24 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
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PLATFORM METRICS |
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Platform Assets (in $B) |
103.2 |
102.2 |
99.6 |
97.8 |
104.1 |
108.9 |
109.7 |
113.3 |
116.9 |
113.7 |
117.7 |
119.4 |
122.2 |
2.3 |
% |
18.4 |
% |
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Net Flows (in $M) |
540 |
555 |
448 |
334 |
303 |
628 |
432 |
577 |
833 |
696 |
611 |
397 |
437 |
10.1 |
% |
-19.1 |
% |
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CASH METRIC |
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Ending ATC Client Cash (in $B) |
2.79 |
2.83 |
2.90 |
2.92 |
2.68 |
3.05 |
2.89 |
2.89 |
3.17 |
2.86 |
2.84 |
2.93 |
2.75 |
-6.1 |
% |
-1.4 |
% |
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OTHER |
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Number of Households |
248,780 |
250,307 |
251,424 |
252,079 |
253,068 |
254,110 |
256,078 |
255,908 |
257,162 |
261,430 |
260,756 |
261,341 |
261,271 |
0.0 |
% |
5.0 |
% |
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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 June 30, 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 September
30, 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 second quarter-end 2024, the
Company had approximately $119 billion in platform assets.
Contacts Investors:Taylor J. Hamilton, CFAHead
of Investor RelationsInvestorRelations@assetmark.com
Media:Vesselina DavenportManager, PR &
CommunicationsVesselina.Davenport@assetmark.com
SOURCE: AssetMark Financial Holdings, Inc.
AssetMark Financial (NYSE:AMK)
Gráfica de Acción Histórica
De Jul 2024 a Ago 2024
AssetMark Financial (NYSE:AMK)
Gráfica de Acción Histórica
De Ago 2023 a Ago 2024
