Investor Presentaiton

Spread revenue continues to make a meaningful impact 10.00 Spread-based revenue is influenced significantly by interest rate changes and the amount of cash held by investors at AssetMark Trust Company (ATC) 9.00 8.00 7.00 75 bps 2.25%-2.50% 75 bps 1.50%-1.75% 6.9% 50 bps 0.75%-1.00% 5.9% 5.4% 5.4% 6.00 25 bps 0.25%-0.50% 5.00 4.4% 4.4% 4.48 4.00 3.60 3.70 3.60 3.09 2.92 3.00 2.00 1.00 iilll Mar-22 Apr-22 May-22 Jun-22 Jul-22 ICD Ending Cash (in $B) 10.0% In 1Q23, we added $125m of new fixed rate term contracts. As of March 31, 2023, ~27% of cash at ATC is in fixed rate term, with an average maturity of 1.60 years and gross rate of 4.50%. Maturing Contracts ($m) as of March 31, 2023 75 bps 3.00%-3.25% 75 bps 3.75%-4.00% 50 bps 4.25%-4.50% 25 bps 4.50%-4.75% 25 bps 4.75%-5.00% 9.0% 8.0% 7.0% 5.7% 6.0% 250 250 5.4% 5.4% 4.8% 4.9% 4.8% 4.6% 5.0% 3.51 3.49 3.54 4.0% 3.27 3.32 3.32 3.19 3.0% Aug-22 Sep-22 HYC Ending Cash (in $B) Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Cash as % of Assets in Custody at ATC 2.0% 375 2023 2024 2025 1.0% Maturing yield 4.25% 4.44% 4.70% 0.0% Mar-23 Gross Yield (bps) 32 46 83 129 182 250 270 326 397 434 455 473 479 1 CME FedWatch Tool For general public use. As a reminder, AssetMark has the optionality to increase the percentage of cash in fixed rate term an additional 13% or $375m, based on March 31, 2023, cash balances. ASSETMARK. 16

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