AlTi Global is like **Goldman Sachs Private Wealth Management** combined with a boutique investment bank like **Lazard** for the ultra-wealthy.

Think of it as a comprehensive family office for the super-rich, similar to **Northern Trust** or **Bessemer Trust**, but also offering specialized corporate advisory and merchant banking services.

• Wealth Management & Advisory Services: Provides discretionary and non-discretionary investment management, wealth transfer planning, estate planning, tax planning, and general financial advisory to individuals, families, and institutions.
• Family Office Services: Offers comprehensive outsourced support for ultra-high-net-worth families, including wealth transfer planning, multi-generational education, wealth strategy, trust, and philanthropy services.
• Asset Management: Manages and advises public and private investment funds, structures co-investment opportunities in alternative assets, and provides investment strategy, asset allocation, and portfolio construction.
• Merchant Banking & Corporate Advisory: Delivers merger and acquisition advisory, corporate brokerage, private placements, public company and IPO advisory, strategic advisory, and structured finance advisory to entrepreneurs and companies.

AlTi Global (ALTI) serves a diverse client base, including individuals, families, foundations, institutions, entrepreneurs, and companies. Given the comprehensive nature of its wealth management and family office services for individuals and families, alongside its advisory services for other entities, it is most appropriate to describe its customer base through categories rather than naming specific customer companies.

The major customer categories for AlTi Global are:

1. High-Net-Worth Individuals and Families: This category encompasses clients seeking comprehensive wealth and asset management, multi-generational wealth transfer planning, education planning, estate planning, and a suite of family office services including outsourced CFO, philanthropy, and lifestyle management.
2. Foundations and Institutions: AlTi Global provides discretionary investment management, non-discretionary investment advisory, and administration services to various foundations and other institutional clients.
3. Entrepreneurs and Operating Companies: This segment utilizes AlTi Global's merchant banking services, including merger and acquisition advisory, corporate brokerage, private placements, public company and IPO advisory, as well as corporate advisory, brokerage, and placement agency services. It also includes clients related to public and private investment funds that AlTi Global manages or advises.

Michael Tiedemann, Chief Executive Officer and Director

Michael Tiedemann is a founding partner and Chief Executive Officer of AlTi Global, a publicly traded investment firm. Prior to leading the merger that created AlTi, he was a Founding Partner, CEO, and Chairman of the Internal Investment Committee at Tiedemann Advisors, as well as CEO at Tiedemann Investment Group (TIG). He co-founded the business with his father, Carl Tiedemann, who was the former president of DLJ. He started Tiedemann Advisors in 2000. Early in his career, he worked as an emerging markets research analyst for Tiedemann Investment Group (TIG), and later joined Banco Garantia in Brazil, running their equity sales and trading operations out of New York after its acquisition by Credit Suisse. The merger that formed AlTi Global took Tiedemann Group (including Tiedemann Advisors and TIG Advisors) and Alvarium Investments public via a special purpose acquisition company (SPAC). AlTi Global has since raised $450 million from private equity investors Constellation Wealth Capital and Allianz (through Allianz X).

Michael Harrington, Chief Financial Officer

Michael Harrington brings nearly four decades of experience in financial services across the banking, investment management, and asset management industries. Prior to joining AlTi, he served as Chief Financial Officer of Republic First Bancorp. He previously held the roles of CFO at Bryn Mawr Trust Company, CFO and Treasurer at Susquehanna Bancshares, and CFO, Treasurer, and CIO for First Niagara Financial Group. Notably, he served as Executive Vice President and Chief Financial Officer of The Bryn Mawr Trust Company, which completed a sale to WSFS Financial Corp in 2021.

Kevin Moran, President and Chief Operating Officer

Kevin Moran serves as the President and Chief Operating Officer of AlTi Global.

Colleen Graham, Chief Legal, Compliance and Risk Officer

Colleen Graham is the Chief Legal, Compliance and Risk Officer for AlTi Global.

Brooke Connell, President, U.S. Wealth Management

Brooke Connell holds the position of President, U.S. Wealth Management at AlTi Global.

Here are the key risks to AlTi Global (ALTI):

1. Financial Health and Profitability Challenges: AlTi Global faces significant financial health issues, including a Z-Score in the distress zone and a low F-Score, indicating financial distress and poor operational performance. The company has experienced substantial revenue decline and negative operating and net margins, reflecting ongoing profitability challenges and difficulties in generating returns on shareholder equity. While losses are narrowing, the company remains unprofitable, and management has acknowledged a recurring cost base that is higher than desired for its current scale. The decision to wind down its International Real Estate business further highlights past profitability issues within certain segments.
2. Market Volatility, Economic Uncertainty, and Regulatory Environment: AlTi Global operates in industries highly susceptible to market volatility, economic uncertainty, and an evolving regulatory landscape. Inflation, fluctuating interest rates, and geopolitical tensions contribute to an unpredictable market environment that can impact asset values and investor sentiment. Additionally, rapidly changing tax laws and increased governmental scrutiny, including new and complex regulations in the financial services sector, demand constant adaptation, legal, and tax expertise to ensure compliance and avoid potential financial penalties.
3. Intense Competition and Fee Compression: The wealth and asset management industry is characterized by intense competition and ongoing pressure on fees. There is a growing client demand for lower-cost products, including passively managed strategies and ETFs, which can lead to fee compression and reduced revenue margins. This competitive landscape, coupled with the dominance of larger asset managers, poses significant challenges for AlTi Global in differentiating its services and maintaining profitability.

AlTi Global (symbol: ALTI) operates in several significant addressable markets within the financial services industry. Here's an overview of the market sizes for its main products and services:

Wealth and Asset Management Services

• Global Wealth Management Market: The global wealth management market was valued at approximately USD 1.83 trillion in 2024 and is projected to reach USD 5.95 trillion by 2033, exhibiting a compound annual growth rate (CAGR) of 14% from 2026 to 2033. Another estimate places the market at USD 1636.83 billion in 2024, with a projected growth to USD 4893.17 billion by 2034 at a CAGR of 10.6% from 2025 to 2034.
• U.S. Wealth Management Market: The U.S. wealth management market is described as "extraordinarily vast." Robo-advisors alone managed over USD 1 trillion in assets as of 2025, with forecasts indicating this figure could approach USD 2 trillion within the next few years. The mass affluent segment in the U.S. consists of about 33 million individuals, accounting for approximately 43% of the country's investable assets.

Family Office Services

• Global Family Office Market: This market was valued at USD 20.6 billion in 2025 and is projected to grow to USD 38.1 billion by the end of 2035, with a CAGR of 7.1% from 2026 to 2035. Other estimates include USD 21.4 billion in 2025, reaching USD 30.3 billion by 2034 at a CAGR of 3.94% during 2026-2034, and USD 20.57 billion in 2025, growing to USD 28.22 billion by 2031 with a CAGR of 5.41%.
• North America Family Office Market: North America is anticipated to hold the largest share of this market, predicted to account for 55.7% by 2035.
• U.S. Family Office Market: The U.S. family offices market reached USD 5,084.31 million in 2024 and is projected to grow to USD 7,369.14 million by 2033, showing a CAGR of 4.21% during 2025-2033. In 2025, the U.S. alone constituted around 94% of the total North America Family Offices market. The United States is home to the largest number of family offices globally, with 7,160 recorded.

Merchant Banking and Corporate Advisory Services (Investment Banking & M&A Advisory)

• Global Investment Banking Market: The global investment banking market was valued at USD 110.12 billion in 2025 and is projected to reach USD 214.90 billion by 2034, with a CAGR of 7.80%. Another report estimates the market at USD 129.13 billion in 2025, projected to grow to USD 301.52 billion by 2035, at a CAGR of 8.85% from 2026 to 2035.
• North America Investment Banking Market: This region dominated the market with a valuation of USD 44.72 billion in 2025 and USD 47.76 billion in 2026. North America was also the fastest-growing region in 2023, holding over 34% of the global market share.
• U.S. Investment Banking Market: The U.S. investment banking market is valued at approximately USD 135 billion. It is expected to grow from USD 54.74 billion in 2025 to USD 67.47 billion by 2031, at a CAGR of 3.55% during 2026-2031.
• Global M&A Advisory Market: The global M&A deal value reached approximately USD 3.2 trillion in 2023. The M&A advisory market size was valued at USD 27946.63 million in 2024 and is expected to reach USD 34802.12 million by 2033, growing at a CAGR of 2.5% from 2025 to 2033. Another source estimates the M&A advisory market at USD 50 billion in 2025, with a projected CAGR of 7% between 2025 and 2033.
• U.S. M&A Advisory Market: The United States accounted for 38% of the global M&A advisory market share in 2023. The U.S. recorded over 1,500 M&A deals by 2025.

Impact Investing Advisory

• Global Impact Investing Market: The global impact investing market was estimated at USD 1.164 trillion in assets under management (AUM) in 2022. Other reports indicate a market size of USD 1.47 trillion in 2025, growing to USD 2.19 trillion by 2031 at a CAGR of 6.83%, and USD 629.07 billion in 2025, growing to USD 1.54 trillion in 2030 at a CAGR of 19.8%. One estimate for 2024 valued the market at USD 111.92 billion, projected to reach USD 527.55 billion by 2033 with an 18.8% CAGR from 2026-2033.
• North America Impact Investing Market: North America held a significant share of 43% of the impact investing industry in 2021.
• U.S. Impact Investing Market: The U.S. impact investing market generated USD 25,950.0 million in revenue in 2024 and is expected to reach USD 68,547.9 million by 2030, growing at a CAGR of 18.2% from 2025 to 2030. In 2024, the U.S. market was valued at USD 27.3 billion. The U.S. is also forecasted to be the top market for impact investing companies.

Share Repurchases

• AlTi Global repurchased 817,730 shares of Class A Common Stock as of March 31, 2025, primarily related to its equity-based compensation award programs.

Share Issuance

• In January 2023, Alvarium Tiedemann (now AlTi Global) issued 2,118,569 bonus shares of Class A common stock to public shareholders and private placement investors as part of its business combination.
• The company completed an exchange offer for warrants in May 2023, issuing 0.25 shares of Class A Common Stock for each tendered warrant to simplify its capital structure.
• As of December 2024, there was an issuance of 2,100,000 shares to Alvarium Employee Benefit Trust.

Inbound Investments

• In February 2024, AlTi Global received a strategic investment of up to $450 million, with Allianz X contributing up to $300 million and Constellation Wealth Capital investing $150 million.
• This strategic investment is primarily aimed at funding AlTi's mergers and acquisitions (M&A) pipeline and supporting organic growth initiatives.
• Allianz SE increased its stake to approximately 14.21% of AlTi Global during the third quarter (year not specified in snippet, but recent), acquiring over 1.5 million additional shares.

Outbound Investments

• AlTi Global is utilizing its recently acquired capital to accelerate its mergers and acquisitions strategy, international expansion, and organic growth initiatives.
• The company's acquisition strategy includes completed or announced acquisitions such as East End Advisors, Manz Envoi, and Kontora.
• In March 2025, AlTi Global acquired Kontora Family Office, a multi-family office in Germany with approximately €14 billion in assets under management.

Capital Expenditures

• AlTi Global approved an orderly wind-down of its non-core International Real Estate (IRE) business, expected to be substantially completed by December 2027, to refocus capital on wealth management and alternative investments.
• The company expects to achieve approximately $20 million in recurring annual gross savings across non-compensation expense categories starting in the second half of 2025, driven by efficiency efforts and the exit from its international real estate business.