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Cash revenue helps AssetMark offset market losses for record quarter

While the choppy market performance dented total platform assets, rising interest rates have boosted the spread the TAMP earns on cash held by its proprietary custodian.

Turnkey asset management provider AssetMark continues to grow under CEO Natalie Wolfsen.

Though total platform assets have decreased $11.4 billion so far in 2022 due to markets, AssetMark still announced record quarterly revenue when it reported its Q2 results on Wednesday. Net revenue was up 21%

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