Major geopolitical events, record inflation, and recession fears sent markets into prolonged turmoil, ultimately wiping out billions in U.S. household net worth. In a year largely defined by volatility, AssetMark leveraged its history of strength and stability to adapt and turn challenges into opportunities.

With our mission firmly rooted at the center, we embraced flexibility and delivered on our strategy. Our commitment to helping advisors navigate the uncertain environment empowered them to help their clients stay the course toward reaching their financial goals.

As a result, we ended 2022 stronger than ever. We achieved record financial and operational results and matched our all-time high annual Net Promoter Score. We served more advisors and investors than ever before, supporting over 9,200 advisors who used our platform to help more than 241,000 investor households.

Record
Operating Results

9,200+ independent,
fee-based advisors

241,000+ investor
households

Record
Financial Results

^$618.3M Revenue Up 17% y/y and
48% from IPO

^$199.7M ADJ. EBITDA Up 27% y/y and
82% from IPO

^$103.5M Reported net income Up 302% y/y and
$103.7M from IPO

^$1.77 Adj. EPS¹ Up 26% y/y and
85% from IPO

^$456.0M Net revenue Up 21% y/y and
59% from IPO

32.3% Adj. EBITDA margin Expansion of 270 bps y/y
and 600 bps from IPO

^$103.5M Adj. net incomeUp 26% y/y and
97% from IPO

¹ Calculated using diluted share count of 73,873,000 shares. Comparison from IPO, is full year 2019 vs. 2022

executing on our five strategic growth pillars

Our strong performance was a direct result of our commitment to execute on our five strategic growth pillars. As advisors continue to seek flexibility in their business models, we acquired Adhesion Wealth to complement our end-to-end outsourcing offering with modular solutions for those who prefer to manage some or all components of advice delivery themselves.

We continued to optimize our digital ecosystem to provide advisors with a differentiated experience that champions client engagement and drives efficiency from prospecting and financial planning to ongoing servicing and administration.

To further enable our advisors to serve diverse clients across the wealth spectrum, we expanded our investment platform to include enhanced income planning capabilities, personalized investment solutions such as individually managed accounts and ESG, and tax transition services.

As advisors increasingly focus on serving their clients, we enhanced our turnkey business programs to enable further efficiency and we invested meaningfully in our personalized consulting services designed to maximize practice growth.

Looking ahead, we will remain agile as we continue our steady evolution from a TAMP to a holistic wealth management platform, fully oriented around what advisors need to deliver better investor outcomes and successfully grow their practices.

In 2022, we executed
on our growth strategy…