AlTi Global, Inc.

AlTi Global, Inc. is an independent global wealth manager focused on fiduciary advisory services for entrepreneurs, multi-generational families, institutions, and next-generation leaders. The company combines discretionary and non-discretionary investment management with estate, trust, governance, philanthropy, and family office services, and it also gives clients access to alternative investments. In addition to its wealth management platform, AlTi operates an alternatives business that includes one internally managed fund and stakes in externally managed funds, serving a largely institutional client base. As of September 30, 2025, it managed or advised approximately $89.2 billion of combined assets and operated across 19 cities in 9 countries.

−21,8 %

−46,9 %

+23,2 %

— AlTi Global, Inc.
%
Wealth management advisory55% Discretionary and non-discretionary investment advice, portfolio construction, and ongoing client advisory services.
OCIO and institutional solutions20% Outsourced investment management and advisory services for institutions and complex family capital pools.
Trust, estate, and family office services15% Trust administration, estate planning, governance, education, and family office support for wealthy families.
Alternative investments and fund platform10% Access to private market and alternative strategies, including internally managed and externally managed funds.

AlTi serves affluent individuals and families that want a single advisor for portfolio management, estate planning,...

  • Entrepreneurs and business ownersprimary

    They buy investment management, liquidity planning, and succession-oriented advisory services to coordinate personal and business wealth.

  • Multi-generational familiesprimary

    They use trust, estate, governance, and family office services to preserve wealth across generations and align family decision-making.

  • Institutional OCIO clientsprimary

    They outsource portfolio management and advisory functions to AlTi for investment oversight, manager selection, and governance support.

  • Next-generation leaderssecondary

    They seek education, governance, and purposeful investing support as they inherit or begin to steward family capital.

  • Institutional alternatives investorssecondary

    They invest in AlTi-managed or externally managed alternative strategies for specialized exposure and performance-linked returns.

AlTi describes itself as a global business with operations in 19 cities across 9 countries on three continents, so its...

  • •Operates in 19 cities across 9 countries on three continents
  • •Global client base supports cross-border wealth and trust planning
  • •Alternatives platform includes European and Asian strategies
  • •International footprint increases regulatory and tax complexity
  • •No country-level revenue split was disclosed in the excerpts

AlTi’s strategy is to deepen its position as a global fiduciary wealth manager by combining investment advice with...

01
Scale the global wealth platformmedium-term

A broader international footprint and more professionals can support larger client relationships and deepen recurring advisory revenue.

02
Expand alternatives and impact-oriented investingmedium-term

Alternative strategies can differentiate the firm and create higher-value client relationships with performance-linked economics.

03
Improve cost efficiency and operating leverageshort-term

The business has meaningful professional and compensation costs, so scaling revenue while controlling overhead is important to profitability.

04
Deploy capital into accretive businessesshort-term

Management wants to convert recently raised capital into growth assets and capabilities that strengthen the platform.

AlTi’s earnings depend on market values, client assets, and performance-based fees, so volatility in financial markets...

high

AUM/AUA sensitivity to market movements and client flows

Management and advisory fees are tied to assets and client activity, so market declines or redemptions can reduce revenue quickly.

Scope
Wealth management and OCIO platform
Materiality
high
high

Performance and incentive fee volatility

Incentive fees are recognized only when performance thresholds are met and reversal risk is low, making revenue uneven.

Scope
Capital Solutions, international wealth management, and fund strategies
Materiality
high
high

Fair value and goodwill impairment risk

Valuation assumptions for reporting units, earn-outs, and contingent liabilities can materially affect reported earnings.

Scope
Business combinations and acquired platforms
Materiality
high
medium

Cross-border regulatory and tax complexity

Operating in multiple countries increases compliance burden and can affect client onboarding, product structuring, and profitability.

Scope
19 cities in 9 countries
Materiality
high
medium

Competitive fee pressure

Wealth management and OCIO services are relationship-driven and can face pricing pressure from banks and large asset managers.

Scope
Advisory and fiduciary services
Materiality
medium
ASC 606 revenue recognition
Management fees, incentive fees, arrangement fees
Incentive fee accrual and reversal risk
Quarterly revenue volatility
Fair value of TRA and earn-out liabilities
Reported earnings and balance sheet volatility
Goodwill impairment testing
Potential impairment charges
Business combination purchase accounting
Intangible amortization and goodwill

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: 11/08/2026