AlTi Global Reports $57.96 Million Revenue in Q1 2025, Net Loss of $2.88 Million

AlTi Global, Inc. reported a total revenue of $57.96 million for the first quarter of 2025, reflecting a 14% increase from $50.81 million in the same period of the previous year. The growth was primarily driven by a significant rise in distributions from investments, which surged to $12.21 million from $4.17 million year-over-year. However, management and advisory fees saw a slight decline, decreasing to $45.65 million from $46.22 million, attributed to lower fees in certain segments, including the TIG Arbitrage strategy and the international wealth management sector. The company recorded a net loss of $2.88 million, a stark contrast to the net income of $22.09 million reported in the prior year, largely due to a decrease in other income and changes in fair value of earn-out liabilities.

In terms of operational metrics, AlTi Global managed or advised approximately $75.9 billion in assets as of March 31, 2025, with $67.2 billion in assets under advisement (AUA) in its Wealth & Capital Solutions segment. The company has seen a slight decrease in AUA from $67.3 billion at the end of 2024. The firm also reported a headcount of approximately 430 professionals operating across 19 cities in eight countries, indicating a stable workforce as it continues to expand its global footprint.

Strategically, AlTi Global has been active in acquisitions, having completed the purchase of East End Advisors, LLC, Pointwise Partners Limited, and Envoi, LLC in 2024. The total purchase consideration for these acquisitions amounted to approximately $135 million, with contingent considerations based on future performance metrics. The company has also divested from non-core businesses, including the sale of its European trust and private office services business, which was completed in May 2024. These strategic moves are part of AlTi's ongoing efforts to streamline operations and focus on its core wealth management and capital solutions services.

The company’s balance sheet as of March 31, 2025, showed total assets of $1.21 billion, down from $1.26 billion at the end of 2024. Liabilities decreased significantly to $240.1 million from $285.6 million, primarily due to a reduction in accrued compensation and earn-out liabilities. AlTi Global's equity stood at $972.7 million, reflecting a slight increase from $970.2 million at the end of the previous fiscal year. The company continues to monitor market conditions and is focused on enhancing its operational efficiencies and capitalizing on growth opportunities in the wealth management sector.

Looking ahead, AlTi Global remains cautious about the economic environment, particularly in light of recent market volatility and inflationary pressures. The company is committed to executing its strategic initiatives while managing costs effectively. Management anticipates that ongoing efforts to improve operational efficiencies and capitalize on its acquisitions will position the company for future growth, although the full impact of current economic conditions on its financial performance remains uncertain.