June AMK Report

AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company results for the month of June 2024 include:

• Platform assets of $119.4 billion at the end of June, up 18.5% 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 $397 million in the month of June, down 36.4% year-over-year.
• AssetMark Trust Company client cash was $2.93 billion, down 0.3% year-over-year.
• Number of households increased 5.4% year-over-year to 261,341 at the end of June.

														Change
														Mo.	Yr.
	Jun-23	Jul-23	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24	May-24	Jun-24
PLATFORM METRICS
Platform Assets (in $B)	100.8	103.2	102.2	99.6	97.8	104.1	108.9	109.7	113.3	116.9	113.7	117.7	119.4	1.4%	18.5%
Net Flows (in $M)	624	540	555	448	334	303	628	432	577	833	696	611	397	-35.0%	-36.4%
CASH METRIC
Ending ATC Client Cash (in $B)	2.94	2.79	2.83	2.90	2.92	2.68	3.05	2.89	2.89	3.17	2.86	2.84	2.93	3.2%	-0.3
OTHER
Number of Households	247,934	248,780	250,307	251,424	252,079	253,068	254,110	256,078	255,908	257,162	261,430	260,756	261,341	0.2%	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 March 31, 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 June 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 first quarter-end 2024, the Company had approximately $117 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.