AMK - AssetMark Financial posts 5.9% climb in platform assets Y/Y in March

2023-04-10 17:02:24 ET

• AssetMark Financial Holdings ( NYSE: AMK ) said Monday its platform assets came in at $96.2B at the end of March, rising 2.0% from the prior month and 5.9% from the year-earlier period.
• Net flows of $744M jumped 37.8% from February but decreased 5.9% from March 2022.
• AssetMark Trust Company client cash was $3.19B, down 3.9% M/M and up 3.2% Y/Y.
• Number of households totaled 243,775 compared with 242,826 in February and 215,668 a year before.
• Previously, (Feb. 23) AssetMark's Q4 earnings and revenue each topped Wall Street expectations.

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