WETF - WETF STOCK NEWS

WisdomTree Investments (WETF) reported second quarter 2022 results revealing a net income of $8.0 million, with adjusted net income at $11.3 million. The firm's AUM was $74.3 billion, a 6.4% decrease attributed to market depreciation, although net inflows reached $3.9 billion, mainly in fixed income. Operating revenues fell 1.4% to $77.3 million, driven by a decline in average advisory fees to 0.39%. The company declared a quarterly dividend of $0.03, payable on August 24, 2022. CEO Jonathan Steinberg expressed confidence in sustainable growth, particularly in digital assets.

WisdomTree Investments, Inc. (NASDAQ: WETF) announced the launch of Say, a shareholder Q&A platform, ahead of its Q2 earnings call on July 29, 2022. This initiative enhances transparency and engagement by allowing verified shareholders to submit questions to management via the platform until July 28, 2022. WisdomTree, with about $73.2 billion in assets under management, aims to foster connections with its stockholders. The earnings call will address select shareholder questions, reinforcing the company's commitment to transparency.

WisdomTree Investments (NASDAQ: WETF) announced it will release its Q2 2022 earnings on July 29, 2022, at 7:00 a.m. ET, followed by a conference call at 9:00 a.m. ET. The call will discuss the company's performance and is accessible through a registration link provided in the PR.

With approximately $73.8 billion in assets under management globally, WisdomTree continues to offer diverse ETF and ETP products across various asset classes, including equity, fixed income, and alternative strategies.

WisdomTree Investments (NASDAQ: WETF) earned recognition in 11 categories at the 2022 Mutual Fund & ETF Awards.

For the second consecutive year, it won Asset Manager Website of the Year, highlighting excellence in design and usability. WisdomTree was also shortlisted for awards including ETF Provider of the Year and Sales Success of the Year for the US Quality Dividend Growth Fund (DGRW).

The awards ceremony on June 16 in New York showcased firms excelling in the mutual fund and ETF sector, with WisdomTree managing approximately $75 billion in assets.

WisdomTree Investments has entered into a cooperation agreement with ETFS Capital Limited and Lion Point Capital, enhancing its Board of Directors with the addition of two independent members, Lynn S. Blake and Deborah A. Fuhr. The Board will expand to nine members and form an Operations and Strategy Committee to improve operations and strategy. The company plans to seek stockholder approval to declassify the Board and terminate its stockholder rights plan. This agreement aims to strengthen corporate governance and is projected to maximize long-term value for stockholders.

WisdomTree Investments (NASDAQ: WETF) has partnered with Fireblocks to enhance user security in its upcoming blockchain-native mobile app, WisdomTree Prime. The integration of Fireblocks' Multi-Party Computation wallet technology aims to provide robust security for managing private keys associated with cryptocurrencies and tokenized assets. WisdomTree manages approximately $350 million in crypto assets and $76 billion in total assets. The beta launch for WisdomTree Prime is targeted for summer 2022, with plans for a broader rollout later in the year, including various financial services offerings.

WisdomTree Investments (NASDAQ: WETF) announced progress in resolving disputes with dissident shareholders ETFS Capital and Lion Point Capital, who criticized the Board's negotiations. The Board offered to declassify and seek stockholder approval for declassification, along with appointing Lion Point's nominee Lynn S. Blake to the Board. In Q1 2022, WisdomTree reported strong asset growth, outperforming peers in AUM growth, with organic growth accelerating in Q2. The Board remains committed to good governance and will seek stockholder approval for declassification at the 2022 Annual Meeting.

WisdomTree Investments (WETF) reported a net loss of $10.3 million for Q1 2022, down from a net income of $11.2 million in Q4 2021. Adjusted net income was $14.1 million. The company saw an increase in assets under management (AUM) to $79.4 billion, driven by $1.3 billion in net inflows and market appreciation. Operating revenues decreased by 1% to $78.4 million, partly due to two fewer revenue days. Operating income margin fell to 22.6%, impacted by a $2.4 million increase in expenses from responding to an activist campaign. A quarterly dividend of $0.03 was declared.

WisdomTree Investments, Inc. (NASDAQ: WETF) announced the launch of Say, a shareholder Q&A platform, prior to its Q1 2022 earnings call scheduled for April 29, 2022. This initiative aims to enhance transparency and engagement between the company and its shareholders. Verified shareholders can submit questions through the Say Connect platform until April 28, 2022, and select inquiries will be addressed during the live earnings call. WisdomTree currently manages approximately $80.3 billion in assets globally.