Assets Under Management and Administration - As of December 31, 2024, AlTi manages or advises approximately $75.7 billion in combined assets, with $67.3 billion in Assets Under Administration (AUA) for the Wealth & Capital Solutions segment, up from $58.7 billion in 2023[34]. - The Alternatives Platform includes an internally managed fund with $1.7 billion in AUM and stakes in three externally managed funds totaling approximately $5.1 billion in AUM as of December 31, 2024[41]. - The International Real Estate segment has AUM/AUA of $8.4 billion as of December 31, 2024[50]. - As of December 31, 2024, the company has approximately $4.9 billion in AUM/AUA dedicated to impact investing within its wealth management business[76]. - The TIG Arbitrage strategy has grown from $6 million in AUM in 1993 to $1.7 billion as of December 31, 2024[81]. - The Hong Kong wealth management business represents $1.0 billion in AUM as of December 31, 2024, accounting for approximately 1.3% of total AUM and less than 2.7% of revenue for the year ended December 31, 2024[204]. Revenue Streams and Financial Performance - AlTi's revenue streams include recurring management fees, performance fees, distributions from investments, and other income, with management fees being more predictable across market conditions[58]. - For the year ended December 31, 2024, 96% of the company's revenue is generated from stable management or advisory fees, with a client retention rate of 96% since 2020[89]. - Wealth & Capital Solutions segment generates revenue primarily from management fees, calculated as 0.75% to 1.5% of net asset value of underlying investments[60]. - The company's revenue is primarily derived from fees correlated to the amount of Assets Under Management (AUM) and Assets Under Advisement (AUA), with poor investment performance potentially leading to a material adverse impact on financial results[147]. - A significant portion of the company's revenue comes from investment advisory services, which may be adversely affected if contracts are terminated or not renewed, potentially leading to a decline in AUM, revenue, and earnings[173]. Strategic Partnerships and Growth Initiatives - In 2024, AlTi welcomed Allianz and Constellation as strategic partners to enhance its investment management capabilities[36]. - The company aims to enhance organic growth through acquisitions and integrations in both existing and new markets[31]. - The company has established strategic partnerships with Allianz and Constellation, involving a combined investment of up to $450 million[84]. - The company has identified a pipeline of potential acquisitions across its wealth management business, leveraging its track record of executing strategic transactions[93]. - The company plans to expand its client base by enhancing service offerings and leveraging its 20+ years of experience across various market cycles[97]. - The company aims to deepen its reach in current markets and expand into new markets in the U.S., Europe, and Asia, focusing on areas with significant market size and low regulatory barriers[95]. - The company expects to continue evaluating and executing selective acquisitions to enhance its global footprint and product offerings[96]. - The company has made several acquisitions, including a New York-based advisory firm with approximately $6 billion AUM in 2024 and a Minneapolis-based wealth manager with around $3 billion AUM[101]. Market Conditions and Economic Factors - The target market for the company's services represents a $102 trillion addressable market, expected to grow at a 7% CAGR by 2028[88]. - The global demand for alternative investments is expected to reach $30 trillion by 2030, growing at a CAGR of 10% since 2017[88]. - Inflation remains elevated and could negatively impact the company's investment products and services, particularly in terms of labor, energy, and raw material costs[131]. - Higher interest rates could materially affect the company's business and the financial condition of its portfolio companies, making it difficult to obtain financing at attractive rates[133]. - Economic downturns could lead to decreased revenues and financial losses for the company's portfolio companies, adversely affecting net asset values[130]. Regulatory and Compliance Risks - The company operates in a highly regulated environment, and failure to comply with regulations could negatively impact its business[128]. - The company is subject to extensive and evolving laws, rules, and regulations, which may impose additional expenses or capital requirements, adversely affecting business operations and financial condition[213]. - The SEC has heightened its focus on the private equity industry's fees and allocation of expenses, which could subject the company's valuation policies to increased scrutiny[216]. - The company may incur significant expenses to comply with regulatory reforms, which could adversely impact clients' investment strategies and the overall business model[214]. - The complexity of regulatory compliance may increase costs and operational challenges for the company in both the UK and EU markets[224]. Operational Challenges and Risks - The company has identified material weaknesses in its internal control over financial reporting, which could harm its operating results[128]. - The company may face challenges in attracting and retaining key personnel, which is critical for future growth[128]. - The anticipated benefits of future acquisitions may not be fully realized or may take longer than expected, impacting financial performance[178]. - Integration challenges from acquisitions may lead to increased costs and operational difficulties, affecting financial position and results[179]. - The company faces increased regulatory scrutiny regarding cost allocations, which could negatively impact net income and stock value[183]. Investment Risks - The success of the business is dependent on the identification and availability of suitable investment opportunities, which are subject to market conditions beyond the company's control[148]. - Historical returns of investment products should not be considered indicative of future results, as future returns may vary significantly from past performance[149]. - The valuation of certain assets in investment products can be subjective, with potential fluctuations in net asset value due to market conditions[152]. - The company faces risks related to leverage, as reliance on credit facilities can lead to volatility and affect the ability to achieve attractive rates of return[157]. - Defaults by third-party investors could adversely affect fund operations and performance, potentially leading to losses and reduced carried interest[161].

Financial Data and Key Metrics Changes - AlTi Global, Inc. generated $207 million in revenues for 2024, with a significant increase in recurring management fees to 96% from 77% in 2023 [10][38] - Consolidated adjusted EBITDA was $17 million for the year, while the core wealth management and capital solutions segment delivered adjusted EBITDA of $37 million with a 19% margin [11][40] - Consolidated operating expenses decreased by $54 million to $292 million compared to 2023, primarily due to reductions in compensation expenses and professional fees [41][42] Business Line Data and Key Metrics Changes - In the core wealth and capital solutions segment, revenues were $198 million for the year and $51 million in Q4, with management fees growing 13% in Q4 [39] - Assets under management and advisement grew 15% year over year, driven by the inclusion of East End and Envoy, along with solid portfolio performance [10][39] Market Data and Key Metrics Changes - The ultrahigh net worth segment is identified as the fastest-growing market in wealth management, with a $102 trillion addressable market growing at 7% compounding [17] - The company has made significant strides in expanding its international presence, particularly in Germany, which is the third-largest ultrahigh net worth market in the world [23][25] Company Strategy and Development Direction - The company aims to become the world's leading independent ultrahigh net worth wealth management firm, focusing on alternatives and impacts [6] - Strategic partnerships, such as with AllianzX and Constellation Wealth Capital, are pivotal for growth and expanding service offerings [12][14] - The company is actively pursuing strategic acquisitions and divestitures to sharpen its focus on core recurring revenue businesses [28][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute its strategy and drive profitable growth, particularly through cost optimization initiatives [36][47] - The company is at a critical inflection point, poised for significant profitable growth and value creation in 2025 and beyond [7][8] Other Important Information - The company has implemented zero-based budgeting (ZBB) to streamline costs and maximize resource efficiency [33][43] - The company has no bank debt on its balance sheet as of year-end, providing flexibility for future growth initiatives [45] Q&A Session Summary Question: Could you talk a little bit more about the acquisition in Germany and why it makes strategic sense? - Management highlighted Germany as a strategic market due to its size and the fit of Contura as a premier independent operator [52] Question: Following the deal in Germany, can you talk about where you are on deploying capital? - Management indicated they have $65 million available for acquisitions and an active pipeline for organic growth [55] Question: Is there anything else that we should expect from the strategic review on real estate? - Management confirmed that the review was complete and the divestment process is in the final stages [57][59] Question: Could you talk a little about the normalized operating expenses? - Management stated that expenses are expected to be lower going forward due to the comprehensive review of all expenses under the ZBB methodology [62][64] Question: What are you seeing on the M&A, arbitrage, pipeline? - Management noted that the regulatory environment for M&A has improved, leading to a constructive outlook for increased M&A activity [67]

Core Viewpoint - AlTi Global, Inc. reported a quarterly loss of $0.24 per share, significantly missing the Zacks Consensus Estimate of $0.02, marking a 1,300% earnings surprise [1]. Financial Performance - The company posted revenues of $53.33 million for the quarter ended December 2024, which was 28.52% below the Zacks Consensus Estimate and a decline from $91.71 million in the same quarter last year [2]. - Over the last four quarters, AlTi Global has surpassed consensus EPS estimates only two times [2]. - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $56 million, and for the current fiscal year, it is $0.43 on revenues of $255.2 million [7]. Stock Performance - AlTi Global shares have declined approximately 29.5% since the beginning of the year, compared to a 4.8% decline in the S&P 500 [3]. - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [6]. Industry Outlook - The Financial - Miscellaneous Services industry, to which AlTi Global belongs, is currently ranked in the top 15% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]. Future Considerations - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4].

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.0001 per share ALTI Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tra ...

AlTi Global, Inc. (NASDAQ:ALTI) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Lily Arteaga – Head-Investor Relations Michael Tiedemann – Chief Executive Officer Stephen Yarad – Chief Financial Officer Conference Call Participants Wilma Burdis – Raymond James Operator Good morning, my name is Zico, and I will be the conference operator for today. At this time I would like to welcome everyone to AlTi Third Quarter 2024 Earnings Conference Call. During the call your lines wi ...

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AlTi Global, Inc. (ALTI) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3,700%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced break-even earnings, delivering a surprise of 100%.Over the last four quarters, the company ...

AlTi Global TodayALTIAlTi Global$4.10 +0.13 (+3.27%) 52-Week Range$3.56▼$9.22Price Target$9.00Add to WatchlistAlTi Global NASDAQ: ALTI is an independent registered investment advisor (RIA) that manages or advises on $72 billion in assets worldwide. Since going public via a special purpose acquisition company (SPAC), the company’s shares have fallen by 58%.However, one analyst sees a +100% upside in the small-cap name. Let’s break down the financial company’s operations to understand its place in the market ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-40103 AlTi Global, Inc. (Exact name of registrant as specified in its charter) Delaware 92-1 ...

AlTi Global, Inc. (NASDAQ:ALTI) Q2 2024 Results Conference Call August 9, 2024 9:00 AM ET Company Participants Lily Arteaga - Head-Investor Relations Michael Tiedemann - Chief Executive Officer Stephen Yarad - Chief Financial Officer Conference Call Participants Wilma Burdis - Raymond James Chris Kotowski - Oppenheimer & Company Operator Good morning. My name is Ryan, and I will be your conference operator for today. At this time, I would like to welcome everyone to AlTi Second Quarter 2024 Earnings Confere ...