February AMK Report

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.

																											Change
																											Mo.		Yr.
	Feb-23		Mar-23		Apr-23		May-23		Jun-23		Jul-23		Aug-23		Sep-23		Oct-23		Nov-23		Dec-23		Jan-24		Feb-24
PLATFORM METRICS
Platform Assets (in $B)	94.3		96.2		96.9		96.4		100.8		103.2		102.2		99.6		97.8		104.1		108.9		109.7		113.3		3.3	%	20.1	%
Net Flows (in $M)	540		744		433		637		624		540		555		448		334		303		628		432		577		33.6	%	6.9	%
CASH METRIC
Ending ATC Client Cash (in $B)	3.32		3.19		2.87		2.95		2.94		2.79		2.83		2.90		2.92		2.68		3.05		2.89		2.89		0.0	%	-13.0	%
OTHER
Number of Households	242,826		243,775		246,570		246,654		247,934		248,780		250,307		251,424		252,079		253,068		254,110		256,078		255,908		-0.1	%	5.4	%

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 [e-mail]

Media: Alaina KleinmanHead of PR & [e-mail]

SOURCE: AssetMark Financial Holdings, Inc.