Business Overview - Artisan Partners' business model is talent-driven and designed for investment talent to thrive [2] - The firm focuses on active strategies and autonomous franchises managed by business professionals [2] - Artisan Partners had 27 investment strategies as of March 31, 2025 [11] Investment Performance - Artisan Partners strategies with greater than 10-year track records show strong average annual returns since inception, net of fees [3, 4] - The Developing World strategy has an inception-to-date average annual net return of 1033% [9] - The Global Unconstrained strategy has an inception-to-date average annual net return of 987% [9] - The Emerging Markets Debt Opportunities strategy has an inception-to-date average annual net return of 1179% [9] - The Emerging Markets Local Opportunities strategy has an inception-to-date average annual net return of 895% [9] Financial Highlights - The company's run-rate revenue is $1124 million as of March 31, 2025 [11] - Assets Under Management (AUM) reached $1624 billion as of 1Q25, a 1% increase from 1Q24 [15, 20] - Net client cash flows were -$28 billion in 1Q25 [17, 20] - The weighted average management fee was 068% as of March 31, 2025 [20] - Adjusted net income per adjusted share was $083 in 1Q25 [26]

Artisan Partners Asset Management Inc. Reports 1Q25 Results Milwaukee, WI - April 29, 2025 - Artisan Partners Asset Management Inc. (NYSE: APAM) (the "Company" or "Artisan Partners") today reported its results for the three months ended March 31, 2025, and declared a quarterly dividend. Chief Executive Officer Eric Colson said, "For 30 years, Artisan Partners has focused on investments, people and trust. Knowing that markets change quickly, unexpectedly and sometimes dramatically, we have built our firm to ...

Core Viewpoint - Artisan Partners Asset Management Inc. reported its financial results for the first quarter of 2025 and announced a quarterly dividend [1]. Group 1: Financial Results - The company will discuss its results for the three months ended March 31, 2025, during a conference call on April 30, 2025 [2]. - The call will be hosted by key executives including the CEO, President, and CFO, with supplemental materials available on the company's website [2]. Group 2: Company Overview - Artisan Partners is a global investment management firm that offers a wide range of high value-added investment strategies to sophisticated clients worldwide [3]. - The firm has been focused on attracting experienced investment professionals since its establishment in 1994 [3]. - Artisan Partners operates autonomous investment teams managing diverse investment strategies across multiple asset classes [3].

Financial Results Announcement - Artisan Partners Asset Management Inc. will report its first quarter 2025 financial results on April 29, 2025, at approximately 4:30 p.m. (Eastern Time) [1] - The earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com [1] - A conference call to discuss the results will be hosted by CEO Eric Colson, President Jason Gottlieb, and CFO C.J. Daley on April 30, 2025, at 1:00 p.m. (Eastern Time) [1] Conference Call Participation - A live webcast of the conference call will be available via the investor relations section of artisanpartners.com [2] - Interested participants can dial in using the following numbers: United States/Toll Free: 1-877-328-5507, International: 1-412-317-5423, with Conference ID: 10197435 [2] - An audio replay of the conference call will be available one hour after the end of the conference until May 7, 2025, at 9:00 a.m. (Eastern Time) [2] Company Overview - Artisan Partners is a global investment management firm providing a broad range of high value-added investment strategies in growing asset classes [3] - The firm has been committed to attracting experienced investment professionals since its establishment in 1994 [3] - Artisan Partners' autonomous investment teams manage a diverse range of investment strategies across multiple asset classes [3]

MILWAUKEE, April 09, 2025 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management ("AUM") as of March 31, 2025 totaled $162.4 billion. Artisan Funds and Artisan Global Funds accounted for $79.2 billion of total firm AUM, while separate accounts and other AUM1 accounted for $83.2 billion. PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2 As of March 31, 2025 - ($ Millions) Growth Team Global Opportunities$ 19,249 Global Discover ...

Core Insights - Artisan Partners Asset Management Inc. reported preliminary assets under management (AUM) of $167.7 billion as of February 28, 2025 [1] - The AUM is divided into Artisan Funds and Artisan Global Funds, totaling $81.3 billion, while separate accounts and other AUM account for $86.4 billion [1] AUM by Strategy - The Growth Team's AUM includes: - Global Opportunities: $20,708 million - U.S. Mid-Cap Growth: $12,712 million - U.S. Small-Cap Growth: $2,978 million - The Global Equity Team's AUM includes: - Non-U.S. Growth: $13,417 million - International Value: $46,553 million - The Global Value Team's AUM includes: - Global Value: $30,646 million - The Credit Team's AUM includes: - High Income: $11,968 million - The Developing World Team's AUM includes: - Developing World: $4,356 million - Total firm AUM is $167,698 million [2] Separate Accounts and Other AUM - Separate account and other AUM consist of assets managed through vehicles other than Artisan Funds or Artisan Global Funds, including traditional separate accounts and Artisan-branded collective investment trusts [3] - AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $109.0 million for which investment models are provided to managed account sponsors [4] Company Overview - Artisan Partners is a global investment management firm offering a range of high value-added investment strategies to sophisticated clients [5] - The firm has been committed to attracting experienced investment professionals since its establishment in 1994 [5]

The Zacks Investment Management industry continues to bear the brunt of a constant shift toward passive investing. As fees earned by the industry players are lower compared with active investment strategies, this continues to exert pressure on margins. Also, tighter regulations, rising compliance costs and technology upgrades are expected to strain industry players’ profitability. Yet, the industry will benefit from investors' shift toward higher-yielding investment vehicles. Hence, sustained economic growt ...

Core Viewpoint - Artisan Partners Asset Management Inc. announced the appointment of Jason Gottlieb as the new CEO, succeeding Eric Colson, effective after the annual meeting on June 4, 2025 [1] Group 1: Leadership Changes - Jason Gottlieb, currently the President of the Company, will take over as CEO, while Eric Colson will transition to Executive Chair [1] - The Board of Directors is expected to elect Mr. Gottlieb to the Board, and Mr. Colson will assume the role of Chair from Stephanie DiMarco, who will become Lead Independent Director [1] Group 2: Background of Jason Gottlieb - Mr. Gottlieb joined Artisan Partners in October 2016 as Managing Director of Investment Operations and was promoted to COO of Investments and Executive Vice President in February 2017, and then to President in January 2021 [2] - Prior to Artisan, Mr. Gottlieb was a partner and managing director at Goldman Sachs, leading the Alternative Investment & Manager Selection Group and managing the Goldman Sachs Multi-Manager Alternatives Fund [2] Group 3: Statements from Leadership - Eric Colson expressed confidence in Jason Gottlieb's leadership abilities and noted that this appointment is part of a long-term succession plan [3] - Jason Gottlieb stated his honor in leading the organization and emphasized the goal of expanding the multi-asset investment platform and driving business growth [3] Group 4: Company Overview - Artisan Partners is a global investment management firm that offers a wide range of high value-added investment strategies across various asset classes to sophisticated clients [4] - The firm has been committed to attracting experienced investment professionals since its establishment in 1994, with autonomous investment teams managing diverse strategies [4]

Assets Under Management (AUM) - As of December 31, 2024, the company's assets under management (AUM) increased to $161.2 billion, a rise of $11.0 billion or 7% from $150.2 billion at the end of 2023, driven by $15.9 billion in market appreciation, offset by $3.7 billion in net client cash outflows and $1.2 billion in distributions not reinvested [250]. - The average AUM for the year ended December 31, 2024, was $160.2 billion, reflecting a 15.0% increase from $139.3 billion in 2023 [250]. - Total Assets Under Management (AUM) reached $161,208 million [269]. - As of December 31, 2024, total assets under management (AUM) reached $161,208 million, an increase from $150,167 million in 2023, representing a growth of 7.0% [271]. - The retail channel represented 3.3% of total AUM as of December 31, 2024, a decrease from 3.8% in 2023, indicating a trend towards institutional and intermediary channels [271]. - Institutional AUM accounted for 62.2% of total AUM as of December 31, 2024, compared to 63.0% in 2023, indicating a slight shift in distribution channels [271]. - Approximately 54% of AUM were invested in strategies focused on non-U.S. companies, and 45% were in currencies other than the U.S. dollar [391]. Revenue and Income - Total revenue for the year ended December 31, 2024, was $1,111.8 million, marking a 14.0% increase from $975.1 million in 2023 [250]. - Management fees rose to $1,096.9 million in 2024, up from $970.8 million in 2023, reflecting a growth of 12.9% [416]. - Net income attributable to Artisan Partners Asset Management Inc. for 2024 was $259.7 million, compared to $222.3 million in 2023, marking an increase of 16.8% [416]. - Basic earnings per share increased to $3.66 in 2024, up from $3.19 in 2023, representing a growth of 14.7% [416]. - Adjusted net income for the year ended December 31, 2024, was $287.3 million, up from $233.1 million in 2023, representing a 23.2% increase [342]. - Adjusted net income per adjusted share increased to $3.55 in 2024 from $2.89 in 2023, reflecting a 22.8% growth [342]. Client Cash Flows - Net client cash flows for 2024 were $(3.7) billion, compared to $(4.1) billion in 2023, indicating a slight improvement in client retention [257]. - The company experienced gross client cash inflows of $25.7 billion and outflows of $29.3 billion during 2024, resulting in net client cash flows of $(3.7) billion [260]. - Gross client cash inflows for the year ended December 31, 2024, totaled $25,650 million, while gross outflows were $29,349 million, resulting in net client cash flows of -$3,699 million [270]. - The net client cash flows for Artisan Funds were -$811 million, while Separate Accounts and Other experienced net outflows of -$2.888 billion for the year ended December 31, 2024 [273]. Expenses and Costs - Total operating expenses increased by $73.7 million, or 11%, to $745.2 million in 2024, driven by a $64.7 million increase in total compensation and benefits [324]. - Total compensation and benefits represented 53% of revenues in 2024, down from 54% in 2023 [326]. - Fixed compensation costs, excluding long-term incentive compensation, are expected to increase in the mid- to low-single digits in 2025 [292]. - General and administrative costs are expected to remain consistent with 2024 levels [307]. Dividends - The company declared and distributed dividends of $3.16 per share of Class A common stock during 2024, with a total of $3.48 per share declared for the fiscal year [250]. - The quarterly dividend for Class A common stock increased to $2.82 per share in 2024 from $2.31 in 2023, a rise of 22% [354]. - Artisan Partners Holdings' total distributions increased to $354.8 million in 2024 from $293.0 million in 2023, representing a 20.9% increase [353]. Investment Performance - Global Opportunities Strategy AUM is $20,591 million with a 1-year return of 16.13% [267]. - Global Discovery Strategy AUM is $1,808 million with a 1-year return of 17.51% [267]. - U.S. Mid-Cap Growth Strategy AUM is $12,952 million with a 1-year return of 13.27% [267]. - Value Equity Strategy AUM is $4,915 million with a 1-year return of 13.49% [267]. - Developing World Strategy AUM is $4,100 million with a 1-year return of 30.04% [268]. - Credit Opportunities Strategy AUM is $272 million with a 1-year return of 18.06% [268]. - The average annual total returns for the Global Equity Strategy over 5 years is 8.44% [267]. - The average annual value added since inception for the Global Discovery Strategy is 677 basis points [267]. Financial Position - Cash and cash equivalents as of December 31, 2024, were $201.2 million, compared to $141.0 million in 2023, indicating a 42.7% increase [343]. - Total stockholders' equity increased to $422.002 million by December 31, 2024, up from $351.351 million at the end of 2023, reflecting a growth of about 20.0% [423]. - The total liabilities as of December 31, 2024, were $868.8 million, up from $802.1 million in 2023, reflecting an increase of 8.3% [414]. - Cash flows from operating activities for 2024 were $372.838 million, compared to $253.028 million in 2023, indicating a significant increase of approximately 47.5% [427]. Tax and Compliance - The effective income tax rate increased to 20.6% in 2024 from 18.7% in 2023, primarily due to a decrease in non-controlling interests and limitations on executive compensation deductions [330]. - The company recognized a liability of $341.5 million under TRAs as of December 31, 2024, representing 85% of expected tax benefits [357]. - The company has not recorded a valuation allowance on any deferred tax assets as of December 31, 2024 [384]. - The company has utilized professionals with specialized skills to assist in evaluating audit evidence related to deferred tax assets and TRA, indicating a focus on compliance and accuracy in financial reporting [410].

Core Insights - Artisan Partners Asset Management Inc. reported preliminary assets under management (AUM) of $168.4 billion as of January 31, 2025 [1] - Artisan Funds and Artisan Global Funds contributed $80.8 billion to the total AUM, while separate accounts and other AUM accounted for $87.6 billion [1] AUM by Strategy - The Global Opportunities strategy has AUM of $21,585 million, while Global Discovery has $1,951 million [2] - U.S. Mid-Cap Growth strategy holds $13,691 million, and U.S. Small-Cap Growth has $3,233 million [2] - The International Value strategy leads with $45,484 million, followed by Global Value at $30,291 million [2] - High Income under the Credit Team has $11,806 million, and Developing World strategy has $4,292 million [2] Separate Accounts and Other AUM - Separate accounts and other AUM include assets managed through vehicles other than Artisan Funds or Artisan Global Funds, such as traditional separate accounts and Artisan-branded collective investment trusts [3] - AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $104.6 million for which investment models are provided to managed account sponsors [4]