AlTi Global, Inc. (NASDAQ: ALTI)

AlTi Global, Inc., a leading independent global wealth and alternatives manager, operates in the financial services industry, providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities and alternative investment strategies. The company's business is organized into two segments: Wealth Management and Strategic Alternatives. As of December 31, 2023, AlTi Global managed or advised approximately $71.4 billion in combined assets.

AlTi Global's main business activities include wealth management services, estate and wealth planning, trust and administration services, extended family office services, and an alternatives platform, which supports and helps money managers build their fund management businesses using a centralized platform of services. The company operates in the Wealth Management and Strategic Alternatives segments, with a global presence in 21 cities across 10 countries, serving clients from all over the world.

The Wealth Management segment offers holistic solutions for its clients through a comprehensive range of wealth management services. The segment's client base includes ultra-high net worth (UHNW) individuals, families, single family offices, foundations, and endowments globally. As of December 31, 2023, the segment's assets under management (AUM) or assets under administration (AUA) was $51.0 billion. The investment management and advisory services teams aim to maximize clients' wealth over the long term by optimizing their risk-return ratio, adhering to disciplined endowment-style diversification, and implementing customized plans and sophisticated investment portfolios tailored to each client's specific objectives, return expectations, liquidity parameters, tax constraints, and risk tolerances. The segment also offers robust impact investing services that can be delivered across a broad range of asset classes and with investors from all asset levels.

The Strategic Alternatives segment includes the company's alternatives platform and public and private real estate business. As of December 31, 2023, the segment's AUM/AUA was $20.4 billion. The alternatives platform represents the company's legacy TIG business, which was founded in 1980 and has supported and helped money managers build their fund management businesses using a centralized platform of services. The platform has launched 24 separate fund strategies and has a strong track record of identifying managers that focus on sourcing uncorrelated investment opportunities in both public and private markets.

AlTi Global generates revenue through a diverse range of streams, including recurring management, advisory, or administration fees; performance or incentive fees; distributions from investments; and other income or fees. The recurring nature of these fees, combined with the company's high client retention rate and long-term nature of its fund management fees, makes them relatively stable. The company's performance and incentive fees, on the other hand, are variable in nature and more susceptible to impact from exogenous factors.

In terms of its competitive position, AlTi Global is a leader in impact investing and has a strong track record of delivering high returns to its clients. The company's independence and ability to operate independently of any managers or investment product manufacturers also set it apart from its competitors. Additionally, the company's global presence, with offices in 21 cities across 10 countries, allows it to serve clients from all over the world.

AlTi Global's leadership, culture, and values are centered around its commitment to delivering exceptional client service, building long-term relationships, and creating a positive impact on the communities it serves. AlTi Global's leadership team has an average of over 20 years of experience and a strong track record of building successful businesses from the ground up and generating superior returns across market cycles.

The company's history dates back to 1980, when TIG was founded. The company has undergone several acquisitions and mergers over the years, including the acquisition of TWMH in 1999, Threshold Group in 2017, and Alvarium in 2019. Today, AlTi Global is a global company with approximately 480 professionals operating in 21 cities across 10 countries.

The company's growth strategy is centered around organic growth, selective acquisitions, and expanded client base and deepened existing relationships. AlTi Global aims to continue to grow its business by providing exceptional client service, executing its clients' investment objectives, partnering with its clients to deliver solutions, and accessing impact investing and other innovative investment opportunities on its clients' behalf.