Alti Global, a leading independent global wealth and alternatives manager, has released its first-quarter 2024 earnings report. The firm currently manages or advises on approximately $71 billion in combined assets and has an expansive network across three continents.
In the first quarter of 2024, Alti Global reported a 10% increase in total assets under management (AUM) compared to the previous quarter, reaching a new high of $71 billion. The firm also noted a 15% rise in net income, reaching $50 million for the quarter.
Furthermore, Alti Global's alternative investment strategies and advisory services have continued to gain traction, with a 12% increase in new client acquisitions compared to the previous quarter.
The company's commitment to impact or values-aligned investing is reflected in its performance, as it continues to generate a net positive impact through its business activities. This aligns with its comprehensive offering, which includes providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities.
Alti Global's solid financial performance and continued growth in AUM and net income demonstrate its ability to navigate the evolving wealth and alternatives management landscape while delivering value to its clients and stakeholders. Today the company's shares have moved -1.9% to a price of $4.63. If you want to know more, read the company's complete 8-K report here.
