AlTi Global, Inc. (ALTI) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced a loss of $0.06, delivering a surprise of -250%.Over the last four quarters, the company ...

First Quarter 2024 Earnings | May 10, 2024 AlTiGlobal 1 Notes and Important Disclosures This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist interested parties in evaluating AlTi Global, Inc. (along with its consolidated subsidiaries, “AlTi Global” or the "Company"). About AlTi Global Additional Information and Where to Find It AlTi Global is a leading independent global wealth and alternatives manager providing entrep ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-K _________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |---------------------------------------------------------------------------------------|----------------------------------------- ...

Fourth Quarter and Year End 2023 Earnings | March 2024 AlTiGlobal 1 Notes and Important Disclosures This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist interested parties in evaluating AlTi Global, Inc. (along with its consolidated subsidiaries, “AlTi Global” or the "Company"). About AlTi Global Additional Information and Where to Find It AlTi is a leading independent global wealth and alternatives manager providing e ...

Financial Data and Key Metrics Changes - In 2023, AlTi generated revenues of $251 million, with Q4 revenues reaching $92 million, reflecting an 86% increase from Q3 [17][18] - The company reported a full-year net loss of $319 million, with an adjusted net loss of $8 million when normalized for one-off items [8][9] - Adjusted EBITDA for Q4 was $10 million, improving by $13 million from Q3, while full-year adjusted EBITDA was $29 million [22] Business Line Data and Key Metrics Changes - Wealth Management segment revenues increased by 9% sequentially to $38 million in Q4, with full-year revenues of $138 million [19][20] - Strategic Alternatives segment revenues totaled $54 million in Q4, a significant increase of $40 million compared to the prior quarter, with full-year revenues of $113 million [20] - Recurring revenues accounted for 77% of total revenues for the year, with Wealth Management segment recurring revenues at 95% for Q4 and 99% for the full year [18][19] Market Data and Key Metrics Changes - Total assets under management and advisement grew by 10% in 2023, primarily driven by portfolio performance and organic client growth in Wealth Management [8] - The event-driven strategy in the Strategic Alternatives segment achieved a performance increase of 5.4% in Q4 and 10.5% for the year, marking 30 consecutive years of positive performance [10] Company Strategy and Development Direction - The company aims to enhance its global footprint and execute strategic acquisitions through a robust M&A pipeline, supported by a recent strategic investment of up to $450 million from Allianz X and Constellation Wealth Capital [7][13] - Focus areas for 2024 include raising AlTi's profile in capital markets, increasing client base, and enhancing service offerings across multiple jurisdictions [12][14] - The company is committed to streamlining operations and improving core operations while establishing best practices throughout the organization [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve long-term profitable growth, emphasizing the importance of strategic partnerships and operational milestones achieved in 2023 [24][25] - The company does not anticipate further significant impairments in 2024, as much of the restructuring work is complete [9][23] - Management highlighted a positive outlook for the event-driven strategy, despite some regulatory and political challenges affecting deal flow [41] Other Important Information - The company identified $16 million in annualized cost savings initiatives, expected to be fully realized in Q3 2024 [5][33] - Impairment charges in Q4 included $51 million related to the Strategic Alternatives segment, with expectations that such impairments will not recur in future quarters [20][38] Q&A Session Summary Question: Discuss the relative attractiveness of Wealth Management deals versus Asset Management deals - Management indicated that both business lines offer strategic and accretive deals, with varying relevance based on geographic expansion and product offerings [27][28] Question: Why change the name of the asset management segment? - The name "Strategic Alternatives" better reflects the underlying businesses and aligns with long-term investment trends [30][31] Question: Outlook for operating expenses in 2024? - Management noted ongoing progress in reducing operating expenses, with $16 million in cost savings expected to be realized by Q3 2024 [32][33] Question: Net client flows in the Wealth Management segment? - The U.S. business experienced pleasing flows driven by market performance, while international flows were relatively flat [34][35] Question: Details on impairments in real estate? - Impairments were driven by restructuring efforts and adjustments to carried interest receivables, with expectations that such impairments will not continue [37][38] Question: Outlook for the merger arbitrage fund and event-driven strategy? - The event-driven strategy has a strong historical performance, and while the environment is currently stable, there are some regulatory challenges [39][41]

NEW YORK--(BUSINESS WIRE)--AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth and alternatives manager with approximately $68 billion in combined assets, today announced a strategic investment of up to $450 million by Allianz X and Constellation Wealth Capital (“CWC”). Allianz X, an investment arm of Allianz SE (XETRA: ALV), one of the world’s leading insurers and asset managers with more than 122 million private and corporate customers in over 70 countries, will invest up to $300 million ...

NEW YORK--(BUSINESS WIRE)--AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi” or the “Company”), a leading independent global wealth and asset manager, today announced that Michael Tiedemann, Chief Executive Officer, and Stephen Yarad, Chief Financial Officer, will participate in and host meetings at the BofA Securities Financial Services Conference in Miami Beach on Wednesday, February 21. About AlTi AlTi is a leading independent global wealth and asset manager providing entrepreneurs, multi-generational families, ...

Third Quarter 2023 Earnings | November 2023 AlTi Global 1 Disclosures This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist interested parties in evaluating AlTi Global, Inc. (along with its consolidated subsidiaries, “AlTi Global” or the "Company"). About AlTi Global AlTi Global is a multi-disciplinary financial services business with a diverse array of investment, advisory, and administrative capabilities which serves ...

AlTi Global, Inc. (NASDAQ:ALTI) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Lily Arteaga - Head, IR Michael Tiedemann - CEO & Director Stephen Yarad - CFO & Treasurer Conference Call Participants Wilma Burdis - Raymond James & Associates Operator Good afternoon. My name is Rocco, and I will be your conference operator today. At this time, I would like to welcome everyone to the ALTi Tiedemann Global Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. ...

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 September 30, 2023 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 ...