January AMK Report

CONCORD, Calif., Feb. 10, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company highlights for the month of January 2021 include:

• Platform assets of $74.6 billion at the end of January, up 20.7% year-over-year.
• Net flows were $494 million in the month of January, up 4.7% year-over-year.
• AssetMark Trust Company client cash was $2.44 billion, up 39.4% year-over-year.
• Number of households increased 14.9% year-over-year to 188,057 at the end of January.

															Change
															Mo.		Yr.
	Jan-20	Feb-20	Mar-20	Apr-20	May-20	Jun-20	Jul-20	Aug-20	Sep-20	Oct-20	Nov-20	Dec-20	Jan-21
PLATFORM METRICS
Platform Assets (in $B)	61.8	61.7	56.0	59.8	62.0	63.2	65.6	68.0	67.3	66.5	71.8	74.5	74.6		0.1	%	20.7	%
Net Flows (in $M)	472	703	659	414	137	357	319	541	349	396	501	636	494		-22.3	%	4.7	%
CASH METRIC
Ending ATC Client Cash (in $B)	1.75	1.81	2.99	3.04	2.84	2.96	2.60	2.63	2.66	2.47	2.50	2.62	2.44		-6.9	%	39.4	%
OTHER
Number of Households	163,644	175,026	176,681	177,975	178,284	179,166	181,115	181,977	182,683	183,774	184,935	186,602	188,057		0.8	%	14.9	%

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.