those and all Thank you, call. Natalie, good the to afternoon on
our in focus despite mentioned, another the and has quarter diversification management of billable many asset on bottom of our impacting levels, metrics. financial key top Natalie line and our our market As resulted revenue among record volatility expense
metrics. During provide in net the quarter were current net X.X%. and third my impacting and were of impacted financial assets billion on of today, our remarks Year by as record billion of on beginning for as date quarter our percentage $XX.X how $X.X well a Net assets annualized to $X year. results billion, I some as period was market environment is the some commentary highlight fees. billion slide in those flows flows the $X.X up operational of platform loss XX, will Starting
quarter strong redemptions of flows are money flows money due early the net or volatility. And satisfaction. to the continued to in to levels. those money lower that impacted are $XXX This by lower less the coming As production you trend been depreciated levels market the know, advisor with month Redemption on relative Net third assets our is A production in onto still platform. are last sidelines approximately off on be sit are expected. platform, the flows the or comprised continues of million. as have year net October sign at coming that than indications will in though platform rates onto
slide or the are as to less during attention advisors quick advisors XX, times. added move volatile be our producing assets, to XXX would quarter. Turning as they Like not new we NPAs for
two we count. growth MPA to mentioned, Natalie items are key on and As focused organic our improve
our on close wallet stay our efforts to We digital from are diligently advisors in-person strategies. on high events well share on of we advisors, areas through which continue and second, marketing acquisition focusing down advisors and we us win doubling existing believe engagements; both these to First, to impact of advisor future positively two can flows. impact position focused new our
recent attention our dynamics. market has to which turn Let’s engaged added noise to the advisor our path, some
up make are the and our the third platform quarter the million advisors of advisors, from of XX XX by market the to its of who have new engaged growth just the those more engaged engaged assets our recent of $X in advisors transition XX% due engaged we disengage XXX reflects drive offset our engage. new tenured financials. business platform the advisors for depreciation. $X dropped with for -- to helped management end below are remains to for Total advisors engaged over at the NPAs, and XX Our advisors while remaining on were of This Growing is advisors from crucial million further assets. number focus key X,XXX. quarter
the not households is on disclose of is context further For The AUM up regularly at our look we number platform, a to metric can number key based. XXX,XXX. our on households invested are we growth, which of year-over-year XX% and
million. XX to turn Now was quarter’s this let’s discuss a the $XXX slide revenue, record which
we related variable focus on As our of net you expenses. revenue know,
year-over-year. impacted XX% our by $XX revenue For was quarter a the million is of up driven is Slide This decline asset year in $XXX million, record a third market revenue XXXX, which our primarily walk. was the net This year-over-year spread offset which XX based ago. depreciation. by revenue, up details based net from revenue,
basis net revenue year-over-year, up discussed. which XX driven spread, contributing on by to from income, net based points is in points. we just in increase the waterfall basis yield shows, revenue improved XXX Year-over-year to Also spread expenses. mainly a reduction $XXX,XXX As is asset our
with agreements by As is is a savings reminder, this restructured that providers. primarily ongoing driven
by X driven Voyant $X.X million exchange Asset from based driven decline down year-over-year, X.X billion basis-point, of revenue than in year-over-year, was stated primarily Year-over-year was better expectations basis-point. Subscription $X.X assets. flat compression our is fee foreign revenue primarily billable pressure. by approximately
revenue year-over-year. was approximately the Excluding FX, impact X% up subscription of
As growth Natalie started geographies mentioned, prospects we are to encouraged reopen just have post key by as pandemic. Voyant’s
income increased our on $X interest earned million other higher year-over-year, driven income Lastly, corporate largely by cash.
turning $X.X Quarterly million we make increase XX% have and $XX.X let’s in million, will up compensation these set slide up a operating Now during turbulent SG&A. expenses year-over-year Total quarter-over-quarter. to increase expenses, to expense increased talk valuable success. by to about that $X.X million investments for a times, adjusted to $XXX us been future flat in year-over-year able Even million, and were were X.X% driven expenses XX.
focus on operations. have our We by head this X% increased count an scaling with increased year
we pay only department, meaningful We have the sales but which now, our market as will believe recovers. not investments made dividends in
budget expanded have we year-over-year. Lastly, X% our almost IT
be run forward; related to our for pre-tax, $X.X to We is first, we under million million three amortization quickly back last lastly, million to second, adjustments and prior as run million discussed acquisitions, we fourth expenses a compensation, anticipate the the the quarter; rate million total quarter. moving a of $X.X set is non-cash $X of through quarter, to me $X.X just share-based reorganization costs. have and comprised quarterly in Let items: primarily related $X.X of expense which added same integration adjustment of this in
discuss the quarter. for to slide the Now let’s turn to XX earnings
XX% quarterly EBITDA highest adjusted adjusted year-over-year $XX.X history. Company’s million, and XXXX Third in our up EBITDA quarter was
XX%. which EBITDA pleased for XXX growing robust quarter Adjusted management disciplined the revenue We to EBITDA base. are a basis and testament another a flexibility our is year-over-year diversification with up extremely quarter, our to also points was this adjusted our margin expense the and the of record,
of for was was income per third more record while net a or $X.XX for Our reported count full quarter share. total a adjusted $XX.X million. effective a year quarter net full This quarter unchanged to Adjusted than million income XX.X $XX is the based XX.X%. record million on a share rate the income $X for is XXXX, tax third million, of for reported year the diluted the
see please slide the income’s net For walk the color, adjusted on XX.
at let’s Now, sheet. third highlight quarter I the look reported balance would two items.
our million job of we cash, in million ending a continue to quarter a do $XXX.X First, cash and great third adding we -- cash. do $XX.X job the generating great to position quarter-over-quarter, with
Additionally, is a facility we in still $XXX million have credit our that Company. available to the
our to our give of balance, generate cash lot a which strong as dry component future facility ability and of focus growth for key important an us a credit deals, our strategy. remains powder Our cash M&A
long-term reflect new primarily create scale, to capabilities, increase expenditures capital improve our Second, in investments service. and technology
or our capital For was X.X% the $X quarter, revenue. of million third spend total
of full of capital the and the invest the be For are to XXXX, as we business. continue our in X% year future between X.X% expecting total we expenditures to revenue,
would financial I meaningful and to continues to spread results maintain on to our that impact we make XX, slide that. the like look commentary on to Turning how provide some
a ability Company our ATC. owning to Our direct spreads earn result Trust or own is custodian of AssetMark
spread-based As amount is revenue by ATC interest you a rates. cash of at of function know, held and investors the
increase allocating in First, by is of X% total cash cash our normalized discuss return more cash more to to to assets percentage cash. to to This remain of driven we as of X%. deposits let’s cash an At expect assets the the ATC around due X.X% level to a Total elevated primarily a continues insured ATC. XXXX end strategists balances. to
the than expected X.XX% second the the target of the spoke call and August. in is year at we earnings we X.XX% September of to Dinner funds rates, Analyst our rate the higher quarter north interest of to X.XX%, spoke end be we of by Fed Turning in during
seeing cash are of a institutions for our opportunity and term both variable plan use fixed insured fixed portion We agreements. demand to from deploying strong term this to and deposits start to deposits depository
XX% This X.XX%. will about term laddered We ATC target years approximately cash the have in of deploying with to fixed over of about rates. rate started three be
XX% of optionality the placing up into rates. have cash at fixed term ATC We to of
rate of spread fixed it shocks first, and sudden benefits: calls. time could more any of to fall; has that cash large collapse balance for from on result future us into update were macroeconomic deposits to on second, respond earnings continue term two the We’ll lower part term in revenue of Street to to Moving fixed deployment cash demand the the interest if key gives to banks. future mitigates rates it the
our am line that than increasing XX. bottom Finally, spread and revenue. are of I let’s a slide turn expected XXXX as pleased top stronger to to we announce outlook result
me perspective. Let share some
have than increase result in just declining ATC, interest has asset impacted greatly originally of and more higher spread cash forecast. While discussed. rates than at revenue markets a contributed based normal we is the This revenue, balances which
XX% We expectations are growth to XX% increasing to XX our XX%. revenue to from
to our This for to of allows in growth to while future maintaining outpace XX%. invest expense level so of the outlook meaningfully the us revenue XX% expense not year will we of growth expense business to are discipline Turning expenses, reaffirming growth growth. the that continue
outlook expense points EBITDA Based year. XX% growth of outlook our plus basis result to are per out, by maintaining our this XX outlook we ability margins feel our to adjusted we EBITDA adjusted in from a As and I our growth revenue confident increasing just on outlook, the increasing expand laid growth percent. XXX
or results We history. to company’s are best this the for that hand our I’ll on our year year in concluding extremely With Natalie over XX-year financial remarks. our and in about for pleased her track
