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]

Core Viewpoint - AlTi Global, Inc. has announced a strategic investment of up to $450 million from Allianz X and Constellation Wealth Capital to enhance its wealth management and alternatives business, aiming to expand its global presence and capabilities [1][2][3]. Investment Details - Allianz X will invest up to $300 million, comprising $110 million in newly issued Class A Common Stock and $140 million in Series A Convertible Preferred Stock, with an option for an additional $50 million [6][7]. - Constellation Wealth Capital will invest $150 million in newly created Series C Convertible Preferred Stock [6][7]. - The initial investment of $115 million is expected to close by March 31, 2024, with an additional $35 million closing by June 30, 2024 [7]. Strategic Goals - The capital will primarily fund AlTi's mergers and acquisitions pipeline and organic growth activities, enhancing its ultra-high-net-worth wealth management services [2][3]. - The partnership with Allianz and CWC is expected to provide additional solutions for clients, leveraging their industry expertise and relationships [2][4]. Leadership Changes - Following the investment, Allianz X will appoint two directors to AlTi's Board, while CWC will have an observer seat [2][6]. Company Background - AlTi Global manages approximately $68 billion in combined assets and focuses on providing fiduciary capabilities and alternative investment strategies [10]. - Allianz X is an investment arm of Allianz SE, focusing on digital frontrunners in insurance and asset management, with a portfolio of over 25 companies [11][12].

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 ...

Financial Data and Key Metrics Changes - AlTi generated revenues of $52 million in Q2 2023, with 95% representing recurring revenues, and adjusted EBITDA of $11 million [5][20] - Net income for the quarter was $29 million, while adjusted net income normalized for one-off items was $2 million [5] - Total assets under management and advisement reached $69 billion, reflecting a 3% sequential increase [18] Business Line Data and Key Metrics Changes - Wealth Management segment revenues were $34 million, an 8% increase compared to Q1, driven by strong market performance and new business wins [20] - Asset Management revenues were $18 million, with 87% being recurring, but reflected a decline due to market headwinds [20][21] - Wealth Management experienced a 7% quarter-over-quarter increase in AUM to $49 billion, while Asset Management AUM declined 4% to approximately $20 billion [18][20] Market Data and Key Metrics Changes - The company reported a 15% increase in total assets on a trailing 12-month basis, with a 7% sequential asset growth in Wealth Management [6][18] - The public real estate strategy faced challenges due to interest rate hikes, but there are signs of recovery as market conditions improve [14] Company Strategy and Development Direction - The company is focused on streamlining operations and growing recurring revenues, with strategic initiatives aimed at enhancing margins and capitalizing on market opportunities [4][7] - Recent acquisitions, including AL Wealth Partners, are expected to drive growth in key markets like Singapore and Italy [8][9] - The company plans to exit non-core assets to generate capital for reinvestment into core strategies [15][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the diversified platform's ability to perform well across economic cycles, with expectations for continued growth in recurring revenues [5][24] - The regulatory environment for merger arbitrage is improving, which is anticipated to enhance deal activity in the coming quarters [39] - Management highlighted a strong pipeline for future acquisitions and emphasized the importance of cultural fit in potential deals [36] Other Important Information - The company achieved a significant improvement in its capital structure, increasing public float to approximately 22% of shares outstanding [16] - Operating expenses decreased to $93 million from $101 million in the previous quarter, with a normalized operating margin of approximately 12% [22][24] Q&A Session Summary Question: Can you discuss the trajectory of transaction expenses? - Management indicated that transaction expenses from the de-SPAC and warrant exchange are largely behind them, with expectations to trend toward zero in Q3 [28][29] Question: How does the EBITDA margin improvement compare to expectations? - Management noted that the core business is performing well, and streamlining efforts are expected to lead to further improvements in the coming quarters [32] Question: Is the wealth management net flow a sustainable run rate? - Management highlighted the diversity of net flows between Q1 and Q2, with strong pipelines in both U.S. and international markets [34] Question: What is the pipeline for similar deals to AL Wealth? - Management mentioned the recent Lugano acquisition as a similar deal and indicated ongoing discussions with firms that fit their strategic profile [36] Question: Can you provide an outlook for the merger arbitrage fund? - Management noted improvements in the interest rate and regulatory environment, which are expected to enhance M&A activity [38][39] Question: What are the plans for selling non-core assets? - Management is evaluating all business segments and considering bids for non-core assets to generate capital for core investments [41] Question: How are other core investment strategies performing? - Management expressed optimism about the Asia Credit strategy and highlighted strong performance in the long-short equity fund and bridge lending strategy [45]

Second Quarter 2023 Earnings | August 2023 AlTi Tiedemann 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 administrativecapabilities whic ...

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, 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 92-1 ...

AlTi Global, Inc. (NASDAQ:ALTI) Q1 2023 Earnings Conference Call May 22, 2023 5:00 PM ET Company Participants Lily Arteaga - Head of Investor Relations Michael Tiedemann - Chief Executive Officer Kevin Moran - Chief Operating Officer Christine Zhao - Chief Financial Officer Conference Call Participants Wilma Burdis - Raymond James Operator Good afternoon. My name is Shamaley, and I will be your conference operator today. At this time, I would like to welcome everyone to AlTi’s First quarter 2023 Earnings Co ...