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AlTi Global, Inc. (NASDAQ: ALTI) is a premier independent global wealth and asset management firm. The company serves a diverse clientele, including entrepreneurs, multi-generational families, institutions, and the emerging next-generation leaders. AlTi's services are bifurcated into two main segments: Wealth Management and Strategic Alternatives.
Wealth Management at AlTi involves a comprehensive suite of services designed to address the multifaceted needs of its high-net-worth clients. This includes investment management, advisory services, and holistic wealth management solutions. The Strategic Alternatives segment focuses on providing investors with unique opportunities in alternative investments and co-investments, leveraging AlTi's extensive expertise and industry connections.
Recently, AlTi has been making significant strides in expanding its global footprint. A strategic investment of up to $450 million from Allianz X and Constellation Wealth Capital (CWC) is set to bolster AlTi’s mergers and acquisitions pipeline, enabling its organic growth strategy. Allianz X, a prominent arm of Allianz SE, plans to invest up to $300 million, while CWC will contribute $150 million.
This infusion of capital is expected to enhance AlTi’s scale and reach in the ultra-high-net-worth (UHNW) segment, with a particular emphasis on strategic alternatives. The partnership with Allianz will allow AlTi to offer more comprehensive and integrated solutions to its joint clientele.
In recent developments, AlTi announced the acquisition of East End Advisors, an independent advisory firm managing approximately $5.6 billion in assets. This move significantly boosts AlTi’s presence in key U.S. markets and enriches its service offerings for UHNW families and foundations.
Additionally, AlTi's financial health remains robust, with the firm managing or advising on over $70 billion in combined assets. The company’s expansive network, comprising over 480 professionals across three continents, underscores its global reach and industry leadership.
AlTi is committed to impact and values-aligned investing, aiming to generate a net positive impact through its business activities. The firm’s forward-looking strategies and recent achievements position it well for sustained growth and enhanced market presence.
AlTi Global, a prominent global wealth and alternatives manager with assets surpassing $70 billion, announced that its CEO, Michael Tiedemann, and CFO, Stephen Yarad, will participate in the Morgan Stanley US Financials, Payments & CRE Conference in New York on June 10th. The event will provide an opportunity for the company's leadership to engage with key stakeholders and discuss strategic directions.
AlTi Global, a leading independent global wealth and alternatives manager with over $70 billion in assets, has closed a $35 million investment from Constellation Wealth Capital (CWC). This is the second investment by CWC, bringing their total investment in AlTi to $150 million as part of a larger $450 million strategic investment also involving Allianz X. AlTi sold 35,000 shares of Series C Convertible Preferred Stock and issued warrants for 466,667 shares of Class A Common Stock. The details are available in AlTi's Form 8-K filing with the SEC.
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.
AlTi Global, Inc. (NASDAQ: ALTI) announces the acquisition of Envoi, , a leading family office with approximately $3.0 billion in assets under management. This acquisition is part of AlTi's strategy to expand its ultra-high-net-worth wealth management business in existing and new markets. AlTi is using funding of up to $450 million to finance its mergers and acquisitions pipeline and organic growth activities. The transaction is expected to close early in the third quarter.
AlTi Global, Inc. (NASDAQ: ALTI) will release its first quarter 2024 financial results on May 10, 2024, with a conference call to discuss the results. The company is a global wealth and alternatives manager with over $70 billion in combined assets.
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