Investor Presentaiton
Revenue less cost of revenue - year-over-year comparison
In millions
140
120
$106.2
100
80
60
40
20
0
1Q22 revenue less
cost of revenue
$2.8
$132.6
$30.2
$2.0
$0.2
-$8.5
-$0.3
Asset growth
Adhesion
Wealth
Fee compression
Subscription-
based revenue
Spread
income
Other
income
1Q23 revenue less
cost of revenue
Asset Based
$8.5m decrease due to $8.8b in
billable core asset decline offset
by $2.0m from Adhesion Wealth
Core business fee compression
(ex-Adhesion) was 0.2 bp year-
over-year
Subscription Based
Voyant up 6.8% or $0.2m y/y
impacted by foreign exchange
pressure. Ex-FX pressure,
revenue was up 15.7% year-
over-year
Spread Based
Increased $30.2m year-over-
year driven by yield
improvement from 0.22% to
3.88%
Other income
Increased $2.8m driven
largely by higher interest
income
For general public use.
ASSETMARK.
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