AssetMark Financial reports Platform assets of $119.4B at June-end, up 18.5%

AssetMark Financial Holdings released its “AssetMark Monthly Knowledge” Report. Company results for the month of June 2024 include: Platform assets of $119.4B at the end of June, up 18.5% year-over-year. Morningstar Wealth TAMP assets are not included in our total as the deal has been signed, but is not closed. Net flows were $397M in the month of June, down 36.4% year-over-year. AssetMark Trust Company client cash was $2.93B, down 0.3% year-over-year. Number of households increased 5.4% year-over-year to 261,341 at the end of June.