Company results for the month of
- Platform assets of
$113.3 billion at the end of February, up 20.1% year-over-year. - Net flows were
$577 million in the month of February, up 6.9% year-over-year. AssetMark Trust Company client cash was$2.89 billion , down 13.0% year-over-year.- Number of households increased 5.4% year-over-year to 255,908 at the end of February.
Change | ||||||||||||||||||||||||||||||
Mo. | Yr. | |||||||||||||||||||||||||||||
Feb-23 | Mar-23 | Apr-23 | May-23 | Jun-23 | Jul-23 | Aug-23 | Sep-23 | Oct-23 | Nov-23 | Dec-23 | Jan-24 | Feb-24 | ||||||||||||||||||
PLATFORM METRICS | ||||||||||||||||||||||||||||||
Platform Assets (in $B) | 94.3 | 96.2 | 96.9 | 96.4 | 100.8 | 103.2 | 102.2 | 99.6 | 97.8 | 104.1 | 108.9 | 109.7 | 113.3 | 3.3 | % | 20.1 | % | |||||||||||||
Net Flows (in $M) | 540 | 744 | 433 | 637 | 624 | 540 | 555 | 448 | 334 | 303 | 628 | 432 | 577 | 33.6 | % | 6.9 | % | |||||||||||||
CASH METRIC | ||||||||||||||||||||||||||||||
Ending ATC Client Cash (in $B) | 3.32 | 3.19 | 2.87 | 2.95 | 2.94 | 2.79 | 2.83 | 2.90 | 2.92 | 2.68 | 3.05 | 2.89 | 2.89 | 0.0 | % | -13.0 | % | |||||||||||||
OTHER | ||||||||||||||||||||||||||||||
Number of Households | 242,826 | 243,775 | 246,570 | 246,654 | 247,934 | 248,780 | 250,307 | 251,424 | 252,079 | 253,068 | 254,110 | 256,078 | 255,908 | -0.1 | % | 5.4 | % | |||||||||||||
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
About
AssetMark operates a wealth management platform that powers independent financial advisors and their clients. Together with our affiliates Voyant and Adhesion Wealth, we serve advisors of all models at every stage of their journey with flexible, purpose-built solutions that champion client engagement and drive efficiency. Our ecosystem of solutions equips advisors with services and capabilities that would otherwise require significant investments of time and money, ultimately enabling them to deliver better investor outcomes and enhance their productivity, profitability and client satisfaction.
Founded in 1996 and based in
Contacts
Investors:
Head of Investor Relations
InvestorRelations@assetmark.com
Media:
Head of
alaina.kleinman@assetmark.com
SOURCE:
Source:
2024 GlobeNewswire, Inc., source