CONCORD, Calif., Feb. 13, 2023 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company results for the month of January 2023 include:

• Platform assets of $95.8 billion at the end of January, up 5.9% year-over-year.
• Net flows were $347 million in the month of January, down 46.6% year-over-year.
• AssetMark Trust Company client cash was $3.32 billion, up 16.5% year-over-year.
• Number of households increased 14.6% year-over-year to 242,572 at the end of January.

														Change
														Mo.		Yr.
	Jan-22	Feb-22	Mar-22	Apr-22	May-22	Jun-22	Jul-22	Aug-22	Sep-22	Oct-22	Nov-22	Dec-22	Jan-23
PLATFORM METRICS
Platform Assets (in $B)	90.5	89.5	90.8	86.0	86.9	82.1	86.3	84.4	79.4	82.8	87.1	91.5	95.8	4.7	%	5.9	%
Net Flows (in $M)	650	694	791	376	605	383	374	605	228	283	280	345	347	0.6	%	-46.6	%
CASH METRIC
Ending ATC Client Cash (in $B)	2.85	2.86	3.09	2.92	3.60	3.70	3.60	4.48	3.51	3.49	3.27	3.54	3.32	-6.2	%	16.5	%
OTHER
Number of Households	211,601	213,445	215,668	218,508	219,160	220,172	221,104	222,110	223,098	225,103	224,983	241,053	242,572	0.6	%	14.6	%

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, 2022. 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 March 31, 2023, 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 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.

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

Media: 
Alaina Kleinman
Head of PR & Communications
alaina.kleinman@assetmark.com

SOURCE: AssetMark Financial Holdings, Inc.

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