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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 Asset Mark Trust Company (ATC) 9.00 8.00 7.00 10.0% In 4Q22, we added $750m of new fixed rate term contracts. As of December 31, 2022, -21% of cash at ATC is in fixed rate term, with an average maturity of 1.78 years and gross rate of 4.39%. Maturing Contracts ($m) as of Dec 31, 2022 50 bps 4.25%-4.50% 9.0% 75 bps 75 bps 3.00%-3.25% 75 bps 3.75%-4.00% 8.0% 75 bps 1.50%-1.75% 50 bps 0.75%-1.00% 5.9% 2.25%-2.50% 6.9% 5.7% 5.4% 5.4% 5.4% 7.0% 250 6.0% 5.4% 4.8% 5.0% 4.48 6.00 25 bps 0.25%-0.50% 5.00 4.4% 4.4% 4.1% 4.1% 4.2% 4.00 3.60 3.70 3.60 3.09 2.93 2.85 2.86 2.92 3.00 2.00 1.00 illl Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 ICD Ending Cash (in $B) HYC Ending Cash (in $B) 3.51 3.49 3.54 4.0% 3.27 3.0% Sep-22 Oct-22 Nov-22 Cash as % of Assets in Custody at ATC 2.0% 250 250 2023 2024 2025 1.0% Maturing yield 4.25% 4.44% 4.48% 0.0% Dec-22 Gross Yield (bps) 30 26 25 32 46 83 129 182 250 270 326 397 434 1 CME FedWatch Tool. For general public use. As a reminder, Asset Mark has the optionality to increase the percentage of cash in fixed rate term an additional 19% or $675m, based on December 31, 2022, cash balances. ASSETMARK. 17
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