Risk Factors Update Summary

• Platform assets grew from $74 billion to $108 billion, representing a CAGR of 13%. This change indicates significant asset growth.
• Addition of AssetMark Trust Company (ATC) as a regulated entity alongside AMB. This change may impact operational processes and compliance procedures significantly.
• Utilize artificial intelligence, exposing to liability or affecting business. This change might result in increased legal risks.
• Spread-based revenue increased from $63 million to $123 million. This change indicates revenue diversification.
• Integration of artificial intelligence (AI) into operations with significant investments in AI technologies. This change could drive innovation, improve efficiencies, but also pose risks related to complex algorithms and regulatory changes.
• Requirements of being a public company may strain resources and distract management. This change could hinder effective business management.
• Asset-based revenue increased from $553 million to $120 million. This change highlights a significant revenue source.
• Adoption of new rules by the SEC requiring enhanced disclosure of cybersecurity risks and incidents. This change may increase compliance costs and reporting obligations significantly.
• Total revenue increased from $611.7 million to $708.5 million. This change shows revenue growth.
• Total revenue growth at a CAGR of 10% from 2021 to 2023. This change reflects steady revenue growth.