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ASSETMARK . Asset Mark Reports $ 86.8B Platform Assets for Third Quarter 2021 CONCORD , Calif . , November 9 , 2021 ( GLOBE NEWSWIRE ) - AssetMark Financial Holdings , Inc. ( NYSE : AMK ) today announced financial results for the quarter ended September 30 , 2021 . Third Quarter 2021 Financial and Operational Highlights • • • • ● • Net income for the quarter was $ 12.3 million , or $ 0.17 per share . Adjusted net income for the quarter was $ 29.9 million , or $ 0.40 per share , on total revenue of $ 139.7 million . Adjusted EBITDA for the quarter was $ 44.8 million , or 32.0 % of total revenue . Platform assets increased 29.1 % year - over - year and 2.6 % quarter - over - quarter to $ 86.8 billion , aided by quarterly record net flows of $ 2.8 billion and partially offset by a negative market impact net of fees of $ 0.6 billion . Year - to - date annualized net flows as a percentage of beginning - of - year platform assets were 12.5 % . More than 6,500 new households and 201 new producing advisors joined the AssetMark platform during the third quarter . In total , as of September 30 , 2021 there were over 8,500 advisors ( approximately 2,750 were engaged advisors ) and over 203,000 investor households on the AssetMark platform . We realized a 23.7 % annualized production lift from existing advisors for the third quarter , indicating that advisors continued to grow organically and increase wallet share on our platform . " This is another record - breaking quarter for AssetMark , underscoring the strength of our business and execution of our advisor - centric strategy , ” said AssetMark CEO Natalie Wolfsen . " Net flows of $ 2.8 billion marked the third consecutive quarter of record organic growth . We also realized the company's highest quarterly revenue , adjusted EBITDA , net income and EPS this quarter . While we are very happy with these results , our focus remains on the future and our commitment to delivering value to our advisors and our shareholders . " 1