July AMK Report

Company Performance - AssetMark Financial Holdings, Inc. reported platform assets of $122.2 billion at the end of July 2024, reflecting an 18.4% increase year-over-year [1][2] - The company experienced net flows of $437 million in July 2024, which is a decrease of 19.1% year-over-year [1][2] - Client cash at AssetMark Trust Company was $2.75 billion, down 1.4% year-over-year [1][2] - The number of households served by AssetMark increased by 5.0% year-over-year, reaching 261,271 at the end of July [1][2] Historical Metrics - The platform assets have shown a consistent upward trend, increasing from $103.2 billion in July 2023 to $122.2 billion in July 2024 [2] - Net flows fluctuated over the past year, with a peak of $540 million in July 2023, but declining to $437 million in July 2024 [2] - Client cash has seen a slight decrease from $2.79 billion in July 2023 to $2.75 billion in July 2024 [2] Company Overview - AssetMark operates a wealth management platform that supports independent financial advisors and their clients, providing flexible solutions to enhance client engagement and efficiency [3] - The company, founded in 1996 and based in Concord, California, employs over 1,000 individuals and had approximately $119 billion in platform assets as of the second quarter of 2024 [3]