AlTi Global, Inc. Reports First Quarter 2024 Financial Results

Rhea-AI Summary

AlTi Global, Inc. (NASDAQ: ALTI) reported its first quarter 2024 financial results, showcasing over $70 billion in combined assets. The company will host a webcast and conference call on May 10 to discuss the results. Investors can access the call via dial-in or webcast.

Positive

• AlTi Global, Inc. boasts over $70 billion in combined assets, highlighting a strong financial position.

• The company's webcast and conference call on May 10 provide transparency and communication with investors, fostering trust and engagement.

Negative

• None.

Insights

Financial Analyst

AlTi Global, Inc.'s first quarter financial results provide a snapshot into the company's current fiscal health and offer a basis for forecasting its future performance. The reported figure of over $70 billion in combined assets is a important indicator, reflecting the company's scale in the wealth and alternatives management sector. From an investment perspective, the stability or growth in assets under management (AUM) can be an anchor for investor confidence, as it suggests consistency in the firm's ability to attract and retain capital. It's imperative to compare the current AUM with previous quarters and years to establish trend lines. It would also be beneficial to review the relative performance against benchmarks and competitors to contextualize these results. Furthermore, investors should pay close attention to margins, cost structure and any disclosed changes in the company's client base or fee models, as these factors can significantly affect profitability.

Market Research Analyst

From a market research standpoint, the timing and reception of AlTi Global's financial results release contribute to shaping the market's perception of the company. The fact that management has scheduled a webcast and conference call is standard practice, offering an opportunity for analysts and investors to engage with the company's leadership directly. This interaction can sometimes reveal more nuanced insights into company performance than the raw numbers themselves. For example, the tone and confidence of the management team, as well as their responses to analyst questions, can either reassure or unsettle investors. However, it is the substantive content of these communications – such as guidance on future earnings, strategic initiatives and risks – that will have a lasting impact on investor sentiment.

NEW YORK--(BUSINESS WIRE)-- AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi" or the “Company”), a leading independent global wealth and alternatives manager with over $70 billion in combined assets, today announced financial results for the first quarter ended March 31, 2024.

A presentation of the Company’s first quarter 2024 results can be found on the Events & Presentation section of the AlTi investor relations website.

Webcast and Earnings Conference Call

Management will host a webcast and conference call on Friday, May 10, at 9:00 am ET to provide a business update and discuss the financial results for the quarter. The call can be accessed by dialing (877) 704-4453 (domestic) or (201) 389-0920 (international). Alternatively, participants can register for the call using the following link for instant telephone access to the conference call 15 minutes prior to the scheduled start time.

A webcast will also be broadcast live on the Events & Presentations section of the AlTi investor relations website.

A telephone replay will be made available approximately three hours after the conclusion of the call and remain available until May 24, 2024. To access the replay, dial (844) 512-2921 (domestic) or (412) 317-6671 (international). A replay of the webcast will be available on AlTi’s investor relations website for one year following the conference call.

About AlTi

AlTi is a leading independent global wealth and alternatives manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. AlTi’s comprehensive offering is underscored by a commitment to impact or values-aligned investing and generating a net positive impact through its business activities. The firm currently manages or advises on over $70 billion in combined assets and has an expansive network with approximately 400 professionals across three continents. For more information, please visit us at www.alti-global.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509703632/en/

Lily Arteaga

Head of Investor Relations

AlTi Global, Inc.

investor@alti-global.com

Source: AlTi Global, Inc.

FAQ

When did AlTi Global, Inc. report its first quarter 2024 financial results?

AlTi Global, Inc. reported its first quarter 2024 financial results.

What is the stock symbol for AlTi Global, Inc.?

The stock symbol for AlTi Global, Inc. is ALTI.

How much in combined assets does AlTi Global, Inc. have?

AlTi Global, Inc. has over $70 billion in combined assets.

When will the webcast and conference call regarding the financial results take place?

The webcast and conference call will take place on May 10.

How can participants access the conference call?

Participants can access the call via dialing or webcast links provided.