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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

January AMK Report

February 13, 2020 GMT

CONCORD, Calif., Feb. 13, 2020 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. (NYSE: AMK) released its “AssetMark Monthly Knowledge” Report today.

Company highlights for the month of January 2020 include:

-- Platform assets of $61.8 billion at the end of January, up 30.4% year-over-year. -- Net flows were $472 million in the month of January, down 3.7% year-over-year. -- AssetMark Trust Company client cash increased 28.7% year-over-year. -- Number of households increased 20.7% year-over-year to 163,644 at the end of January.

Change Mo. Yr. Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 PLATFORM METRICS Platform Assets (in 47.4 48.6 49.7 54.9 53.6 56.1 56.7 57.1 57.9 59.2 60.6 61.6 61.8 0.3% 30.4% $B) Net Flows 490 401 518 513 546 454 538 507 312 755 547 (194) 472 NM -3.7% (in $M) CASH METRIC Ending ATC Client 1.36 1.40 1.41 1.40 1.40 1.49 1.45 1.58 1.75 1.78 1.74 1.88 1.75 -6.9% 28.7% Cash (in $B) OTHER Number of 135,555 136,116 137,749 154,081 154,576 155,372 156,905 158,273 159,496 161,262 162,503 162,225 163,644 0.9% 20.7% Households ---------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------ -----

This monthly data is being provided on a supplemental basis and should not be taken as a substitute for the Company’s financial statements filed with the Securities and Exchange Commission on November 6, 2019 as part of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, or those included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 when such Annual Report is filed. 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 ended December 31, 2019 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 Company’s 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.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings we make with the Securities and Exchange Commission. AssetMark undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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.

SOURCE: AssetMark, Inc.

ContactsInvestors:Taylor J. Hamilton, CFAHead of Investor Relations ir@assetmark.com

Media:Lexy SiegelGroup Gordon lsiegel@groupgordon.com