Patricia Figueroa
Head of Investor Relations
Replay available
Affiliated Managers Group, Inc. (NYSE: AMG) Q4 2026 earnings conference call, held 2026-02-12. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Financial Officer
Analyst, TD Callen
Analyst, Jefferies
Analyst, Goldman Sachs
Analyst, Deutsche Bank
President and Chief Operating Officer
Chief Executive Officer
Greetings and welcome to the AMG fourth quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Patricia Figueroa, Head of Investor Relations for AMG. Thank you. You may begin. Good morning, and thank you for joining us today to discuss AMG's results for the fourth quarter and full year 2025. Before we begin, I'd like to remind you that during this call, we may make a number of forward-looking statements which could differ from our actual results materially. And AMG assumes no obligation to update these statements. Also, please note that nothing on this call constitutes an offer of any products, investment vehicles, or services of any AMG affiliate. A replay of today's call will be available on the Investor Relations section of our website, along with a copy of our earnings release and reconciliations of any non-GAAP financial measures, including any earnings guidance provided. In addition, we have posted an updated investor presentation to our website. and encourage investors to consult our site regularly for updated information. With us today to discuss the company's results for the quarter are Jay Horgan, Chief Executive Officer, Tom Wojcik, President and Chief Operating Officer, and Deva Ritchie, Chief Financial Officer. With that, I'll turn the call over to Jay. Thanks, Patricia, and good morning, everyone. AMG delivered outstanding results in 2025. one of the strongest years in our company's history. With record annual economic earnings per share and...