Alti Global has released its updated fourth-quarter and year-end 2023 earnings, showcasing significant growth and success. The firm currently manages or advises on approximately $71 billion in combined assets, and has an expansive network across three continents.
In the fourth quarter of 2023, Alti Global's total revenue reached $380 million, representing a 15% increase from the previous quarter's revenue of $330 million. The company's net income for Q4 2023 was reported at $65 million, a substantial rise from the $45 million net income in the previous quarter.
Furthermore, Alti Global's assets under management (AUM) have also shown impressive growth. As of the end of 2023, the firm's AUM stands at $71 billion, reflecting a 12% increase from the AUM reported in the prior period.
The company's commitment to impact or values-aligned investing is evident in its continued success, as it strives to generate a net positive impact through its business activities. These financial achievements demonstrate Alti Global's strong performance and its ability to deliver value to its clients and stakeholders. Following these announcements, the company's shares moved -1.9%, and are now trading at a price of $5.87. For the full picture, make sure to review AlTi Global's 8-K report.
