Financial Data and Key Metrics Changes - Platform assets reached a record $63.2 billion, up 12.8% year-over-year and 12.9% quarter-over-quarter, driven by market recovery and net flow performance [22][27] - Net flows for the quarter were $907 million, reflecting a reduction to about 80% of pre-pandemic levels, with year-to-date net flows totaling $2.7 billion, or 8.9% of beginning-of-period assets [23][24] - Adjusted net income for the second quarter was $15.1 million, a decrease of 16% year-over-year, while adjusted EBITDA was $25.3 million, down 11.4% year-over-year [34][35] Business Line Data and Key Metrics Changes - Asset-based net revenue increased by 3.2% year-over-year to $64.6 million, while spread-based net revenue decreased by 56.8% year-over-year to $3.1 million due to lower rates [27][28] - Production lift from existing advisers was 16.3%, down from 23.3% in the first quarter of 2020 and 24.9% in the second quarter of 2019 [26] Market Data and Key Metrics Changes - The average client cash for the second quarter was $2.9 billion, with an annualized net yield of 43 basis points [28] - The net yield on total platform assets was 49 basis points, down 1 basis point quarter-over-quarter and 5 basis points year-over-year [29][30] Company Strategy and Development Direction - The company is focused on adapting to changes in investor demand, emphasizing the need for advisers to understand clients' goals and aspirations [12][13] - Investment in technology and outsourcing services is seen as critical for advisers to provide a broader range of services and remain competitive [13][14] - The company continues to invest in strategic pillars, including technology, personalized service, and holistic investment solutions, to enhance adviser capabilities [15][16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow despite the pandemic, highlighting resilience and adaptability in the business model [6][40] - The outlook for the remainder of 2020 includes expectations for net revenue to be flat year-over-year, with adjusted EBITDA projected between $107 million and $113 million [38][39] Other Important Information - The company filed a shelf registration with the SEC, a standard practice for public companies to facilitate future offerings, though no specific date has been set for any offering [39] Q&A Session Summary Question: What is the expectation for net sales recovery as brokers acclimate to remote work? - Management noted that while predicting recovery is challenging, there are signs of advisers adapting to the new environment and focusing on growth [42][43] Question: Is there a concept of pent-up demand for production post-pandemic? - Historical trends suggest that after periods of distress, production often accelerates, and the company is preparing for such an outcome [44][45] Question: What is the potential for increased competition in the TAMP space? - Management acknowledged increased competition, particularly from broker-dealers building internal TAMPs, but emphasized the company's differentiated service and technology [47][48][50] Question: Are there any trends in household growth? - The company reported a 0.5% growth in households in June, indicating organic growth and adviser engagement [51][56] Question: Will the Schwab-Ameritrade merger impact the adviser pipeline? - Management indicated that while there is concern among advisers, the decision to outsource is not primarily driven by custodial changes but by broader trends in adviser practices [62][64]

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, 2020 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, 2019 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) Title of each class Tra ...

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 September 30, 2019 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 ju ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, par value $0.001 per share AMK New York Stock Exchange 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 June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commiss ...