December AMK Report

Company Performance - AssetMark Financial Holdings, Inc. reported platform assets of $108.9 billion at the end of December 2023, representing a 19.0% increase year-over-year [1][2] - The company experienced net flows of $628 million in December 2023, which is an 82.0% increase compared to the same month last year [1][2] - The cash held by AssetMark Trust Company clients was $3.05 billion, reflecting a decrease of 13.8% year-over-year [1][2] - The number of households served by AssetMark increased by 5.4% year-over-year, reaching 254,110 at the end of December [1][2] Monthly Metrics Overview - Platform assets increased from $91.5 billion in December 2022 to $108.9 billion in December 2023 [2] - Net flows showed significant growth, rising from $345 million in December 2022 to $628 million in December 2023 [2] - Client cash decreased from $3.54 billion in December 2022 to $3.05 billion in December 2023 [2] - The number of households served rose from 241,053 in December 2022 to 254,110 in December 2023 [2] Company Background - 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 was founded in 1996 and is based in Concord, California, employing over 1,000 individuals [3] - As of September 30, 2023, AssetMark had $99.6 billion in platform assets [3]