Alti Global, Inc. · NASDAQ:ALTI
Alti Global — Q4 2025 Earnings Presentation
34 slides from Alti Global's earnings presentation, Mar 31, 2026
Slide 1: Fourth Quarter 2025 Earnings
Fourth Quarter 2025 Earnings | March 31, 2026 AlTi Global 1
Slide 2: Notes and Important Disclosures
Notes and Important Disclosures This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist interested parties in evaluating AlTi Global, Inc. (along with its consolidated subsidiaries, “AlTi Global” or the "Company")
Slide 3: At-a-glance
at-a-glance 25 96% $93B and $50B 82% 69% vs. 31% Years operating history Recurring revenues for FY U.S. vs. Non-U.S. Client retention rate since 2021 AUA and AUM focused on UHNW 2025 Wealth Management AUM 19 7 $5B 10+ Acquisitions and integrations Years of average tenure for Global strategic partner
Slide 4: Our vision and why it matters
Our vision and why it matters OUR PURPOSE Make Wealth Worth More. By understanding the people, not just the portfolio, and thinking in decades, not quarters, we don’t simply manage wealth. We make wealth personal, powerful and permanent. OUR BELIEF Investment excellence is non-negotiable. But when w
Slide 5: Why we created AlTi
Why we created AlTi Over 25 years ago, we envisioned a new kind of UHNW Incumbent Private Banks platform. A platform with the resources and scale of a global Historically the only providers equipped to support the ultra-high-net-worth segment of private bank, but with the personal touch, independenc
Slide 6: A differentiated business purpose-built over 25+ years
A differentiated business purpose-built over 25+ years Comprehensive Full suite of offerings to serve the comprehensive and evolving needs of our clients, including investment advisory, family capabilities office services, estate & wealth planning, trust & fiduciary, governance & education, and impa
Slide 7: Key investment highlights
Key investment highlights 1 Differentiated focus on the UHNW segment – the most attractive and highest growth segment within wealth management 2 Trusted and sought after, delivering exceptional wealth management solutions to the UHNW segment for 25+ years 3 Unique global footprint with international
Slide 8: AlTi serves the most attractive segment in wealth management
AlTi serves the most attractive segment in wealth management Largest wealth transfer in history - ~$124T in the U.S. alone through 2048 – with over half coming from $264T(2)(4) HNW/UHNW(6) HNW / UHNW opportunity is Global Financial Wealth estimated at $102T Massive and growing client base, with 426k
Slide 9: AlTi has expertise in alternatives and impact, key areas of interest for UHNW
AlTi has expertise in alternatives and impact, key areas of interest for UHNW Global Demand for Alternatives(1) With Impact Priority(2) Alternative AUM/AUA Growth and Forecast (2017-2030P) Relevance of ESG Factors $Trillions Request ESG scores Do not request ESG scores $29 $30 32% 68% of HNWIs reque
Slide 10: The UHNW segment is fundamentally different than HNW
The UHNW segment is fundamentally different than HNW Ultra-High-Net-Worth High-Net-Worth Most PE-backed RIAs Target Client ⚫ ~$100M-1B+ in assets(1) ⚫ Generally $1-10M in assets ⚫ Billionaires, multi-generational families, family offices, Client Type ⚫ Highly educated professionals, senior executive
Slide 11: Profile of our client base
Profile of our client base A clientele with distinct, bespoke needs Institutional client support Minimum of ~$25M of investable assets 830+ UHNW/HNW individuals and families and other clients Demand bespoke investment management, spanning alternatives, impact investing capabilities, and emerging opp
Slide 12: We deliver what matters most: simplicity & time
We deliver what matters most: simplicity & time Client Needs Our Value Proposition 1 UHNW clients face growing complexity across We simplify complexity through integrated offerings that bring together investment, assets, family structures, and global exposure planning, governance, impact investing,
Slide 13: AlTi is regarded as a premier independent financial provider globally
AlTi is regarded as a premier independent financial provider globally for UHNW and institutions Firm awards won Individual awards and recognitions Investment Week Barron's Advisor's Top 100 RIA Firms for 2025 Investment Woman of the Year (Nominated) (2025) Ranked Top 5 for firms with the largest med
Slide 14: Our business has evolved over time to focus on core UHNW and institutional
Our business has evolved over time to focus on our core UHNW and institutional investment management offerings WEALTH MANAGEMENT ACQUISITIONS 2017: Apr-24: Threshold Jan-22: 2023: May-23: East End May-24: Jul-24: Apr-25: Group Holbein Albacore AI Wealth Advisors Pointwise Envoi Kontora (~$3B AUM) (~
Slide 15: Unique global footprint in which each location is intentional
Unique global footprint in which each location is intentional Notable Capabilities by Location Global Footprint 9 Countries 19 Cities New York: Global Headquarters; major U.S center of wealth Palm Beach / Dallas: Established wealth; regional hubs San Francisco / Seattle: Center of wealth from tech s
Slide 16: Track record of M&A and successful integration
Track record of M&A and successful integration AUM at Year Acquisition Capabilities acquisition Acquisition commentary / additional capabilities for AlTi acquired ($B) Provides credible OCIO capability for large families and foundations. OCIO 2024 ~$6 New business sourcing has been very promising ov
Slide 17: Strategic investments provide capital, access and relationships
Strategic investments provide capital, access and relationships AlTi received a strategic investment of up to $450M from Allianz X and CWC benefits from the strategic investment Global financial services provider across the insurance and asset Fund M&A pipeline for compelling inorganic growth opport
Slide 18: How we generate revenue
How we generate revenue AlTi’s topline performance is driven by recurring fee streams Recurring revenue Non-recurring revenue Highly recurring Management / advisory fees revenue nature Other revenue • Investment management, advisory, trustee, and • Incentive fees in Distributions from investments (1
Slide 19: Expected financial drivers
Expected financial drivers Well-defined path with a clear trajectory for long term growth Growth focused on stable, recurring revenue wealth management business Topline growth fueled by organic growth initiatives including, increased 01. Topline Growth collaboration across offices, tailored approach
Slide 20: Fourth Quarter and FY 2025 Highlights
Fourth Quarter and FY 2025 Highlights AlTi Global 20
Slide 21: Financial and Operating Highlights
Financial and Operating Highlights •Revenue Growth: Consolidated revenues of $255 million for the year, an increase of 29% year-over-year. Fourth quarter revenue was $88 million, up 71% from the prior-year quarter, reflecting AUM growth and the $29 million incentive fee associated with the strong pe
Slide 22: Full Year 2025
Full Year 2025 Select Financial and Operating Metrics • Revenue of $255M, up 29% compared to $198M in 2024. The increase was driven by AUM growth, a strong increase in incentive fees, primarily associated with the strong performance of the Arbitrage fund in the year, and an increase in distributions
Slide 23: Fourth Quarter 2025
Fourth Quarter 2025 Select Financial and Operating Metrics • Revenue of $88M, up 71% from the prior-year quarter, reflecting AUM growth, and a $29 million contribution from incentive fees associated with the strong performance of % change % change the Arbitrage strategy, which generated an 11.3% ret
Slide 24: Wealth Management
Wealth Management Operating Metrics – AUM/AUA Assets Under Management (AUM) % change % change ($ in Billions) 4Q’25 3Q’25 2Q’25 1Q’25 4Q’24 vs. 4Q'24 vs. 3Q'25 Beginning Balance: $ 47.7 $ 45.9 $ 42.9 $ 43.1 $ 44.7 Net client change (0.1) 0.4 0.2 (0.2) (1.5) Cash Flow, net (0.2) (0.3) (0.6) 0.1 (0.1)
Slide 25: Alternatives Platform
Alternatives Platform Operating Metrics – AUM/AUA Gross New Average ($ in Millions) September 30, 2025 Appreciation Investments Subscriptions Redemptions Distributions December 31, 2025 AUM/AUA Event-Driven $1,674 $69 $0 $107 $(55) $(34) $1,761 $1,718 External Strategic Managers: Real Estate Bridge
Slide 26: Alternatives Platform
Alternatives Platform Operating Metrics- Fund Performance Alternatives Platform Fund Performance(1) ($ in Millions) 4Q’25 3Q’25 2Q’25 1Q’25 4Q’24 FY 2025 FY 2024 FY 2023 Event-Driven 3.58 % 1.62 % 3.75 % 1.95 % (0.35)% 11.34% —% 10.51 % External Strategic Managers: Real Estate Bridge Lending (2)(2)
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet ($ in Thousands, except share data) As of December 31, 2025 As of December 31, 2024 Audited Audited Assets Cash and cash equivalents $41,158 $64,417 Fees receivable, net 65,571 30,220 Investments at fair value 144,196 148,674 Equity method investments 138 20,403 Intangible
Slide 28: Consolidated Income Statement
Consolidated Income Statement % change % change vs. % change vs. ($ in Thousands, except share data) 4Q’25 3Q’25 4Q’24 vs. 4Q'24 3Q'25 FY 2025 FY 2024 FY'24 Revenue Unaudited Unaudited Unaudited Management/advisory fees $52,718 $51,680 $46,163 14 % 2% $198,410 $182,599 9% Incentive fees 31,723 2,435
Slide 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation For the Quarterly Period Ended For the Year Ended ($ in Thousands) 4Q’25 3Q’25 4Q’24 2025 2024 Net income before taxes from continuing operations $ (19,801) $ (56,923) $ (75,228) $ (105,129) $ (123,104) Stock-based compensation (a) 8,354 7,114 6,589 31,671 24,215 Stock based
Slide 30: Appendix
Appendix AlTi Global 30
Slide 31: Glossary
Glossary Assets Under Management and Assets Under Advisement. Unless otherwise defined and subject to applicable regulations, assets under management (“AUM”) refers to assets on which a b usiness provides continuous and regular billable supervisory or discretionary management services and non -discr
Slide 32: Footnotes
Footnotes Past performance does not guarantee or indicate future results. The historical net performance presented are unaudited. A description of the strategies is provided below: Event-driven: The Event-driven strategy is based in New York. This strategy focuses on 0-to-30-day events within the me
Slide 33: Strategic Partnerships
Strategic Partnerships Investment • Up to $300M ($250M funded July 31, 2024 and $19M funded May 13, • $150M ($115M funded in April 2024 and $35M funded in May 2025). Option to invest an additional $31M in the future) 2024) Common stock • $110M at close through a new issue of 19.3 million shares of c
Slide 34: Thank You
Thank You AlTi Global 34