2023-06-12 17:02:14 ET
- AssetMark Financial Holdings ( NYSE: AMK ) logged platform assets of $96.4B in May, down 0.5% from a month ago and up 10.9% from the year-earlier period, it said Monday.
- Net flows came in at $637M compared with $433M in April and $605M a year before.
- AssetMark Trust Company client cash of $2.95B rose from $2.87B in the previous month but dropped 18.1% in May 2022.
- Number of households of 246,654 was virtually unchanged M/M and advanced 12.5% Y/Y.
- Seeking Alpha analyst Pratik Shinde in February laid out a Buy recommendation for AMK, citing impressive revenue growth over the last three years.
For further details see:
AssetMark's platform assets inch down 0.5% M/M, but climb 10.9% Y/Y