Company highlights for the month of
- 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
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
About
AssetMark is a leading provider of extensive wealth management and technology solutions that power independent financial advisors and their clients. Through
Contacts
Investors:
Head of Investor Relations
InvestorRelations@assetmark.com
Media:
chris@msrcommunications.com
SOURCE:
Source:
2020 GlobeNewswire, Inc., source