AssetMark Financial Holdings, Inc. (NYSE:AMK) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Taylor Hamilton - Head, IR Natalie Wolfsen - CEO Gary Zyla - EVP, Principal Accounting Officer and CFO Conference Call Participants Michael Cho - JPMorgan Jeff Schmitt - William Blair Patrick O'Shaughnessy - Raymond James Operator Good afternoon, everyone, and welcome to AssetMark's First Quarter 2023 Earnings Conference Call. Currently, all participants are in a listen-only mode. Later ...

1Q23 Earnings Presentation May 3, 2023 For general public use. Forward looking statements and non-GAAP financial measures Forward-Looking Statements Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "will," "may," "could," "should," "believe," "expect," "estimate," "potential" or "continue," the negative of these terms and other comparable terminology that conveys uncertainty of future events or outcomes. These forward-looking statements i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38980 ASSETMARK FINANCIAL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number: 001-38980 ASSETMARK FINANCIAL HOLDINGS, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- ...

AssetMark Financial Holdings, Inc. (NYSE:AMK) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Taylor Hamilton - Head, IR Natalie Wolfsen - CEO & Director Gary Zyla - EVP, Principal Accounting Officer & CFO Conference Call Participants Gerald O'Hara - Jefferies Jeffrey Schmitt - William Blair & Company Operator Good afternoon, everyone, and welcome to AssetMark's Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions]. Today's call is being recorded. Now I'd l ...

AssetMark Financial Holdings, Inc. (NYSE:AMK) Q3 2022 Results Conference Call November 1, 2022 5:00 PM ET Company Participants Taylor Hamilton - Head, IR Natalie Wolfsen - CEO Gary Zyla - CFO Conference Call Participants Ryan Bailey - Goldman Sachs Gerald O’Hara - Jefferies Operator Good afternoon, everyone, and welcome to AssetMark’s Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions w ...

Financial Data and Key Metrics Changes - Record revenue of $151.2 million, up 18% year-over-year [5][6] - Adjusted EBITDA reached $49.6 million, with an adjusted EBITDA margin of 32.8%, the highest as a public company [6][22] - Reported net income for the quarter was $25.3 million, nearly equal to the full year 2021 [6][22] - Platform assets totaled $82.1 billion, impacted by $10.1 billion in market loss net of fees [16] - Net flows for the quarter were $1.4 billion, with annualized net flow as a percentage of beginning period assets at 7.5% [16] Business Line Data and Key Metrics Changes - Revenue diversification achieved through the acquisition of Voyant, with subscription-based revenue from Voyant at $3.3 million [6][19] - Spread-based revenue increased by 260% to $6.5 million, driven by rising interest rates [19][20] - Asset-based net revenue increased by 11% to $99 million [19] Market Data and Key Metrics Changes - The number of households increased by 12% year-over-year to 220,000 [18] - Engaged advisors totaled 2,663, with 193 new producing advisors added in the quarter [18][19] Company Strategy and Development Direction - The company is evolving beyond a TAMP by executing on five key components of its growth strategy, including acquisitions and enhancing advisor capabilities [5][7] - The acquisition of Adhesion Wealth is expected to expand the total addressable market by 3x and provide a modular unbundled outsourcing option for advisors [7][9] - Focus on delivering a holistic differentiated experience to advisors and their clients, with significant growth in Voyant's licenses [10][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges of a lower growth, higher inflation environment and emphasizes the importance of supporting advisors during market volatility [39] - The company reaffirms its earnings outlook and EBITDA margin expansion target for the year, despite market conditions [27][29] Other Important Information - The company added $17.8 million to its cash position, ending the quarter with $116.5 million in cash [23] - Capital expenditures for the quarter were $10 million, expected to be about 7% of total revenue for 2022 [24] Q&A Session Summary Question: How could AssetMark accelerate the revenue growth of Adhesion? - Management highlighted the combination of AssetMark and Adhesion provides a full menu of services for RIAs, allowing advisors to choose solutions that fit their needs [33][34] Question: Would the below 10% annualized pace of net flows persist? - Management noted the uncertainty in predicting market conditions but emphasized strong fundamentals and support for advisors [39] Question: What is the outlook for household growth despite a decline in total advisor count? - Management explained that household growth occurs as investors seek support during market volatility, leading to new households being added [42] Question: Is there interest in locking rates or extending duration? - Management acknowledged awareness of potential rate cuts in 2023 but has not yet pursued locking rates [46] Question: What is the expected revenue contribution from Voyant? - Management indicated that Voyant's revenue growth may be delayed due to pandemic impacts but expects to return to a $20 million run rate [49][50]