Alti Global, Inc. · NASDAQ:ALTI
Alti Global — Q2 2025 Earnings Presentation
40 slides from Alti Global's earnings presentation, Aug 11, 2025
Slide 1: Second Quarter 2025 Earnings
Second Quarter 2025 Earnings | August 11, 2025 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: AlTi Global at-a-glance
at-a-glance 20+ 96% $81B 96% 59% vs. 41% U.S. vs. Non-U.S. Years operating history Wealth Management Recurring revenues Client retention rate since 2021 Wealth Management focused on UHNW AUM/AUA AUM/AUA 19 6 $5B 10 Acquisitions and integrations Years of average tenure for Global strategic partnershi
Slide 4: Becoming the preeminent, global UHNW wealth firm
Becoming the preeminent, global UHNW wealth firm Large and expanding addressable market Comprehensive platform for UHNW families, foundations and endowments Uniquely global footprint Recurring revenue base Identified pipeline of inorganic growth Strong capital position underpinned opportunities by t
Slide 5: How we got here
How we got here Over the past 40+ years, we have grown into an independent, global Ultra-High-Net-Worth wealth management platform with differentiated Alts and Impact Investing capabilities 1980 1999 2009 2023 2024 2025 Establishment of Founded Tiedemann Trust Global multi-family office Merger of en
Slide 6: Our addressable market – Wealth management
Our addressable market –Wealth management Independent channels continue to gain market share Market Share by Advisor Channel (6) HNW / UHNW RIA B/D Wirehouse $264T (2) (4) market is Global Financial Wealth 28% estimated at 39% 32% $102T and is $102T (1) (2) (3) 41% expected to grow HNW and UHNW Inve
Slide 7: Our addressable market – Alternatives and Impact for UHNW
Our addressable market – Alternatives and Impact 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 request $17 ESG scores fo
Slide 8: Business Overview
Business Overview AlTi Global 8
Slide 9: How we serve our clients
How we serve our clients Investment Advisory Services Estate & Wealth Planning - Customized portfolios - Estate and succession planning - Differentiated expertise in alternatives and impact - Event and asset planning - Newly established private debt partnership with Allianz - Tax management and miti
Slide 10: Industry Recognitions
Industry Recognitions Our firm and its leaders have received numerous industry awards, solidifying our reputation for best-in-class service through third-party recognition. Firm awards won Individual awards and recognitions With Intelligence Private Asset Management Awards Spear’s Investment Week Be
Slide 11: Family Office Operational Excellence Report
Family Office Operational Excellence Report AlTi’s second annual flagship report backed by global data, regional insights and actionable strategies This global research initiative is a strategic investment in our brand, our insights, and our pipeline. It positions AlTi as a leader in the fast-growin
Slide 12: How we generate revenue
How we generate revenue AlTi’s topline performance is driven by recurring fee streams ~ 80% Recurring revenue (1) ~ 20% Non-recurring revenue (1) Highly recurring Management / advisory fees revenue nature Other revenue • Investment management, advisory, trustee, and • Incentive fees in Distributions
Slide 13: Differentiated, comprehensive, and independent platform
Differentiated, comprehensive, and independent platform Well-positioned to meet and exceed the diverse needs of an expanding client base Independent Wealth Boutique Managers Multi-Family Offices End-market focus HNW / UHNW expertise Independent, Integrated and International Platform approach Tailore
Slide 14: Unique global footprint
Unique global footprint Global Footprint AlTi Presence 9 Countries Global Headquarters 19 Cities Hamburg London Hong Kong Zurich Paris Minneapolis Seattle Lugano Portland New York San Francisco Wilmington Milan Washington, D.C. Lisbon Dallas Palm Beach Singapore Miami Market Opportunity Partner Foot
Slide 15: AlTi is at an inflection point
AlTi is at an inflection point Skilled team AlTi has the management, governance, and employee talent to win Complementary expertise Interplay between Wealth, Alts and Impact is synergistic and underscores our unique story Strategic investment from Allianz X and CWC Partnerships and growth capital to
Slide 16: Strategic investments provide capital, access and relationships
Strategic investments provide capital, access and relationships AlTi announced strategic investment of up to $450M from our partners, 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
Slide 17: Allianz and CWC's investment is already bearing fruit
Allianz and CWC’s investment is already bearing fruit AlTi expects to use the and capital principally to fund accretive M&A Notable acquisitions completed or announced Pipeline and criteria for future acquisitions (1) U.S. & $2B to $20B • New York-based independent advisory firm with ~$6B AUM Intern
Slide 18: Allianz partnership extends beyond growth capital
Allianz partnership extends beyond growth capital A majority-owned joint venture to pioneer AlTi and Allianz Global UHNW wealth access to private credit Investors established a private markets investment Key Attributes program for UHNW wealth Focus on $1.5 trillion global Market private credit marke
Slide 19: Leadership
Leadership Executive Team Michael Tiedemann Kevin Moran Michael Harrington Colleen Graham Colin Peters Claire Verdirame Phillip Dundas Chief Executive Officer President / Chief Financial Officer Chief Legal, Chief Human Chief Marketing Officer Chief Technology Officer Chief Operating Officer Complia
Slide 20: Governance
Governance Independent Board Directors Dependent Board Directors Board Committees Audit, Finance and Risk Timothy Keaney Norma Corio Mark Furlong Michael Tiedemann Ali Bouzarif Bank of New York American Express BMO Harris Bank Chief Executive Officer IlWaddi representative Board Chair Global Busines
Slide 21: 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 and inorganic growth strategy, supported by capital, relationships, scale and network of strategic 01. Top
Slide 22: Financial Highlights
Financial Highlights AlTi Global 22
Slide 23: Second Quarter Highlights
Second Quarter Highlights • Revenues $53 million • Wealth Management and Capital Solution (“WM & CS”) revenues $52 million and Management fees $49 million, up 8% and 6% YoY, respectively Financial(1) • 99% of total revenues are recurring • GAAP Net Loss $30 million, Adjusted Net loss of $0.6 million
Slide 24: Second Quarter 2025
Second Quarter 2025 Select Financial and Operating Metrics • Revenue of $53M, up 7% compared to $50M in Q2 2024 driven primarily % % by strong AUM/AUA growth primarily associated with the acquisitions of change change Kontora and Envoi, strong market performance, and improved ROA on the ($ in Millio
Slide 25: Wealth & Capital Solutions – Second Quarter 2025
Wealth & Capital Solutions – Second Quarter 2025 Select Financial and Operating Metrics % change % change • Revenue of $52M, up 8% compared to $48M in Q2 2024. This growth ($ in Millions) 2Q’25 1Q’25 2Q’24 vs. 2Q'24 vs. 1Q'25 was largely driven by higher management fees, supported by a 12% YoY incre
Slide 26: Wealth & Capital Solutions – Wealth Management
Wealth & Capital Solutions – Wealth Management Operating Metrics – AUM/AUA Assets Under Management (AUM) % change % change ($ in Billions) 2Q’25 1Q’25 4Q’24 3Q’24 2Q’24 vs. 2Q'24 vs. 1Q'25 Beginning Balance: $ 42.9 $ 43.1 $ 44.7 $ 40.4 $ 35.5 20.8 % (0.5)% Net client change 0.2 (0.2) (1.5) — 0.1 100
Slide 27: Wealth & Capital Solutions – Alternatives Platform
Wealth & Capital Solutions – Alternatives Platform Operating Metrics – AUM/AUA Gross New Average ($ in Millions) March 31, 2025 Appreciation Investments Subscriptions Redemptions Distributions June 30, 2025 AUM/AUA Event-Driven $1,588 $84 $163 $130 $(144) $(5) $1,816 $1,702 External Strategic Manage
Slide 28: Wealth & Capital Solutions – Alternatives Platform
Wealth & Capital Solutions – Alternatives Platform Operating Metrics Alternatives Platform Fund Performance(1) ($ in Millions) 2Q’25 1Q’25 4Q’24 3Q’24 2Q’24 Event-Driven 3.75% 1.95 % (0.35)% 0.60 % 0.02 % External Strategic Managers: (2) Real Estate Bridge Lending (0.86)% (1.19)% 0.45 % (0.09)% 0.81
Slide 29: International Real Estate
International Real Estate Select Financial and Operating Metrics % change % change ($ in Millions) 2Q’25 1Q’25 2Q’24 vs. 2Q'24 vs. 1Q'25 Revenue $0.8 $0.9 $0.9 (11)% (11)% Mgmt./Advisory Fees 0.8 0.9 0.8 0% (11)% Other Income/Fees 0.0 0.0 0.2 (100)% (100)% Total Operating Expenses $5.3 $6.0 $9.6 (45
Slide 30: Consolidated Income Statement
Consolidated Income Statement ($ in Thousands, except share data) 2Q’25 1Q’25 2Q’24 Revenue Unaudited Unaudited Unaudited Management/advisory fees $49,989 $45,650 $47,029 Incentive fees 454 96 53 Distributions from investments 2,664 12,210 2,240 Other income/fees 20 7 131 Total income 53,127 57,963
Slide 31: Consolidated Balance Sheet
Consolidated Balance Sheet ($ in Thousands, except share data) As of June 30, 2025 As of December 31, 2024 Unaudited Unaudited Assets Cash and cash equivalents $42,414 $65,494 Fees receivable, net (includes $767 and $920 of related party receivables, respectively) 38,661 33,616 Investments at fair v
Slide 32: Segment Income Statement
Segment Income Statement For the Three Months Ended 06/30/2025 For the Three Months Ended 06/30/2024 Wealth & Capital International Real Wealth & Capital International Real ($ in Thousands) Solutions Estate Corporate Total Solutions Estate Corporate * Total Revenue Management/advisory fees $49,238 $
Slide 33: Segment Income Statement (cont.)
Segment Income Statement (cont.) For the Three Months Ended 03/31/2025 Wealth & Capital International Real ($ in Thousands) Solutions Estate Corporate Total Revenue Management/advisory fees $44,774 $876 $— $45,650 Incentive fees 96 — — 96 Distributions from investments 12,210 — — 12,210 Other income
Slide 34: Non-GAAP Reconciliation
Non-GAAP Reconciliation For the Three Months Ended 6/30/2025 For the Three Months Ended 6/30/2024 Wealth & Capital International Real Wealth & Capital International Real ($ in Thousands) Solutions Estate Corporate Total Solutions Estate Corporate * Total Net income before taxes $ (9,393) $ (3,937) $
Slide 35: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) For the Three Months Ended 3/31/2025 Wealth & Capital International Real ($ in Thousands) Solutions Estate Corporate Total Net income before taxes $ (1,501) $ (6,906) $ 3,913 $ (4,494) Stock based compensation (a) 5,830 31 1,150 7,011 Stock based compensation - Legacy
Slide 36: Appendix
Appendix AlTi Global 36
Slide 37: 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 business provides continuous and regular billable supervisory or discretionary management services and non-discret
Slide 38: 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 39: 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 40: Thank You
Thank You AlTi Global 40