November AMK Report

AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today. Company highlights for the month of November 2019 include:

• Platform assets of $60.6 billion at the end of November, up 30.0% year-over-year.
• Net flows were $547 million in the month of November, up 57.2% year-over-year.
• AssetMark Trust Company client cash increased 32.8% year-over-year.
• Number of households increased 22.5% year-over-year to 162,503 at the end of November.

															Change
															Mo.			Yr.
	Nov-18	Dec-18	Jan-19	Feb-19	Mar-19	Apr-19	May-19	Jun-19	Jul-19	Aug-19	Sep-19	Oct-19	Nov-19
PLATFORM METRICS
Platform Assets (in $B)	46.6	44.9	47.4	48.6	49.7	54.9	53.6	56.1	56.7	57.1	57.9	59.2	60.6		2.4	%		30.0	%
Net Flows (in $M)	348	333	490	401	518	513	546	454	538	507	312	755	547		-27.5	%		57.2	%
CASH METRIC
Ending ATC Client Cash (in $B)	1.31	1.61	1.36	1.40	1.41	1.40	1.40	1.49	1.45	1.58	1.75	1.78	1.74		-2.2	%		32.8	%
OTHER
Number of Households	132,653	133,947	135,555	136,116	137,749	154,081	154,576	155,372	156,905	158,273	159,496	161,262	162,503		0.8	%		22.5	%

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 on November 6, 2019 as part of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. 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 ended December 31, 2019 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.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings we make with the Securities and Exchange Commission. AssetMark undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

About AssetMark Financial Holdings, Inc.

AssetMark is a leading provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. Through AssetMark, Inc., its investment adviser subsidiary registered with the 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 advisers and their clients.

SOURCE: AssetMark, Inc.

Contacts Investors:Taylor J. Hamilton, CFAHead of Investor [e-mail]

Media: Lexy SiegelGroup Gordon  [e-mail]