GlobeNewswire Inc | Dec 13, 2021 04:15PM EST

December 13, 2021

CONCORD, Calif., Dec. 13, 2021 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its AssetMark Monthly Knowledge Report today.

Company highlights for the month of November 2021 include:

-- Platform assets of $89.8 billion at the end of November, up 25.1% year-over-year. -- Net flows were $994 million in the month of November, up 98.4% year-over-year. -- AssetMark Trust Company client cash was $2.62 billion, up 4.8% year-over-year. -- Number of households increased 12.2% year-over-year to 207,432 at the end of November.

Change Mo. Yr. Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 PLATFORM METRICSPlatformAssets (in 71.8 74.5 74.6 76.2 78.9 81.7 83.0 84.6 86.1 88.5 86.8 90.3 89.8 -0.6 % 25.1 %$B)Net Flows 501 636 494 532 901 780 514 934 935 927 968 892 994 11.4 % 98.4 %(in $M)CASH METRICEnding ATCClient 2.50 2.62 2.44 2.60 2.50 2.48 2.56 2.59 2.47 2.45 2.61 2.43 2.62 7.8 % 4.8 %Cash (in$B)OTHER Number of 184,935 186,602 188,057 188,679 190,915 193,325 193,833 196,474 198,619 200,778 203,004 205,808 207,432 0.8 % 12.2 %Households

This monthly data is being provided on a supplemental basis and should not be taken as a substitute for the Companys financial statements filed with the Securities and Exchange Commission as part of the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. This monthly data is preliminary and subject to revision and should not be taken as an indication of the financial performance of AssetMark for the quarter ending December 31, 2021 or any future period. AssetMark undertakes no obligation to publicly update or review previously reported monthly data. Any updates to previously reported monthly data will be reflected in the historical data that can be found on the Investor Relations page of the Companys corporate website at ir.assetmark.com. AssetMark reserves the right to discontinue the availability of the data in this monthly report. By filing this press release, AssetMark makes no admission as to the materiality of any information contained herein.

About AssetMark Financial Holdings, Inc.

AssetMark is a leading provider of extensive wealth management and technology solutions that power independent financial advisors and their clients. Through AssetMark, Inc., its investment adviser subsidiary registered with the U.S. Securities and Exchange Commission, AssetMark operates a platform that comprises fully integrated technology, personalized and scalable service, and curated investment platform solutions designed to make a difference in the lives of advisors and their clients.

Contacts Investors:Taylor J. Hamilton, CFAHead of Investor RelationsInvestorRelations@assetmark.com

Media:Alaina KleinmanHead of PR & Communicationsalaina.kleinman@assetmark.com

SOURCE: AssetMark Financial Holdings, Inc.