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ASSETMARK . Asset Mark Reports $ 84.6B Platform Assets for Second Quarter 2021 CONCORD , Calif . , July 28 , 2021 ( GLOBE NEWSWIRE ) - Asset Mark Financial Holdings , Inc. ( NYSE : AMK ) today announced financial results for the quarter ended June 30 , 2021 . Second Quarter 2021 Financial and Operational Highlights • • • • • • Net income for the quarter was $ 10.0 million , or $ 0.14 per share . Adjusted net income for the quarter was $ 26.6 million , or $ 0.36 per share , on total revenue of $ 128.0 million . Adjusted EBITDA for the quarter was $ 40.0 million , or 31.3 % of total revenue . Platform assets increased 33.8 % year - over - year and 7.2 % quarter - over - quarter to $ 84.6 billion , aided by quarterly record net flows of $ 2.2 billion and market impact net of fees of $ 3.5 billion . Year - to - date annualized net flows as a percentage of beginning - of - year platform assets were 11.2 % . More than 5,500 new households and 201 new producing advisors joined the AssetMark platform during the second quarter . In total , as of June 30 , 2021 there were over 8,400 advisors ( approximately 2,700 were engaged advisors ) and over 196,400 investor households on the AssetMark platform . We realized a 26.6 % annualized production lift from existing advisors for the second quarter , indicating that advisors continued to grow organically and increase wallet share on our platform . “ Our reframed growth strategy is starting to resonate with advisors , as evidenced by record results , greater share of wallet capture and record advisor satisfaction scores , " said Asset Mark CEO Natalie Wolfsen . " We realized record net flows , revenue , adjusted EBITDA , adjusted net income and adjusted EPS in the second quarter . The enhancements we have made to our platform and the deep relationships we have built with our advisors continue to pay dividends . The first half of the year has been outstanding , and I am excited to deliver what we have planned for advisors in the second half of 2021. " 1