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AMK - AssetMark Financial Holdings Inc News Story

$23.63 -0.9  -3.5%

Last Trade - 26/02/21

Sector
Financials
Size
Mid Cap
Market Cap £1.23bn
Enterprise Value £1.22bn
Revenue £310.1m
Position in Universe 2302nd / 6715

December AMK Report

Mon 11th January, 2021 9:15pm
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CONCORD, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial
Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge”
Report today. In addition, the company also disclosed its AMK Report –
Annual Summary, which can be found by clicking here
(https://www.globenewswire.com/Tracker?data=IDLlmvi0f3t21TUg4epcUHn8AGcufx6xZkCL1bETkKLb9Ifa-5DwMoRyqvROKEATKu9iTEoIJYIIWXXPw2Oe3HRJtpJWZrLM1SDVsvhUsFPQQHv3y3bKuaCqtJ9kMcuMdpCwp97IchWZdMp56EH5cnCzOQcUveQE6uTEH7xUFcg=).

Company highlights for the month of December 2020 include:
* Platform assets of $74.5 billion at the end of December, up 20.9%
year-over-year.
* Net flows were $636 million in the month of December, up from negative $194
million in December 2019.
* AssetMark Trust Company client cash was $2.62 billion, up 39.4%
year-over-year.
* Number of households increased 15.0% year-over-year to 186,602 at the end of
December.
                                                                                                                                                                                
                                                                                                                                                      Change                    
                                                                                                                                                      Mo.         Yr.           
                                 Dec-19   Jan-20   Feb-20   Mar-20   Apr-20   May-20   Jun-20   Jul-20   Aug-20   Sep-20   Oct-20   Nov-20   Dec-20                             
 PLATFORM METRICS                                                                                                                                                               
 Platform Assets (in $B)         61.6     61.8     61.7     56.0     59.8     62.0     63.2     65.6     68.0     67.3     66.5     71.8     74.5     3.8 %       20.9 %        
 Net Flows (in $M)               (194)    472      703      659      414      137      357      319      541      349      396      501      636      26.9 %      NM            
 CASH METRIC                                                                                                                                                                    
 Ending ATC Client Cash (in $B)  1.88     1.75     1.81     2.99     3.04     2.84     2.96     2.60     2.63     2.66     2.47     2.50     2.62     4.8 %       39.4 %        
 OTHER                                                                                                                                                                          
 Number of Households            162,225  163,644  175,026  176,681  177,975  178,284  179,166  181,115  181,977  182,683  183,774  184,935  186,602  0.9 %       15.0 %        
                                                                                                                                                                                
                                                                                                                                                                                

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, 2020. 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,
2020 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 advisors and their clients. Through
AssetMark, Inc., its investment adviser subsidiary registered with the U.S.
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 advisors and their clients.

SOURCE: AssetMark Financial Holdings, Inc.

Contacts

Investors:
Taylor J. Hamilton, CFA
Head of Investor Relations
InvestorRelations@assetmark.com

Media: 
Chris Blake
MSR Communications
chris@msrcommunications.com

(https://www.globenewswire.com/NewsRoom/AttachmentNg/01f4b092-0413-4a3e-80d7-446eb5e18dff)



GlobeNewswire, Inc. 2021
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