August AMK Report

CONCORD, Calif., Sept. 10, 2020 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company highlights for the month of August 2020 include:

• Platform assets of $68.0 billion at the end of August, up 19.1% year-over-year.
• Net flows were $541 million in the month of August, up 6.7% year-over-year.  
• AssetMark Trust Company client cash was $2.63 billion, up 66.5% year-over-year.
• Number of households increased 15.0% year-over-year to 181,977 at the end of August.

																Change
																Mo.		Yr.
	Aug-19	Sep-19	Oct-19	Nov-19	Dec-19		Jan-20	Feb-20	Mar-20	Apr-20	May-20	Jun-20	Jul-20	Aug-20
PLATFORM METRICS
Platform Assets (in $B)	57.1	57.9	59.2	60.6	61.6		61.8	61.7	56.0	59.8	62.0	63.2	65.6	68.0		3.7	%	19.1	%
Net Flows (in $M)	507	312	755	547	(194	)	472	703	659	414	137	357	319	541		69.6	%	6.7	%
CASH METRIC
Ending ATC Client Cash (in $B)	1.58	1.75	1.78	1.74	1.88		1.75	1.81	2.99	3.04	2.84	2.96	2.60	2.63		1.2	%	66.5	%
OTHER
Number of Households	158,273	159,496	161,262	162,503	162,225		163,644	175,026	176,681	177,975	178,284	179,166	181,115	181,977		0.5	%	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 June 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 September 30, 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.