WisdomTree Investments, Inc. (WETF) Q1 2022 Earnings Conference Call April 29, 2022 9:00 AM ET

Company Participants

Jessica Zaloom – Head of Corporate Communications

Bryan Edmiston – Chief Financial Officer

Jonathan Steinberg – Founder and Chief Executive Officer

Jarrett Lilien – President and Chief Operating Officer

Jeremy Campbell – Head Investor Relations

Jeremy Schwartz – Global Head, Research

Will Peck – Head, Digital Assets

Conference Call Participants

Girard Sweeney – KBW

Michael Cyprys – Morgan Stanley

Brennan Hawken – UBS

Keith Housum – Northcoast Research

Operator

Hello and thank you for standing by, and welcome to the WisdomTree First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to your speaker today, Jessica Zaloom, Head of Corporate Communications. Please go ahead.

Jessica Zaloom

Good morning. Before we begin, I would like to reference our legal disclaimer available in today’s presentation. This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. A number of factors could cause actual results to differ materially from the results discussed in forward-looking statements, including, but not limited to, the risks set forth in this presentation and in the Risk Factors section of the WisdomTree’s Annual Report on Form 10-K for the year ended December 31, 2021. WisdomTree assumes no duty and does not undertake to update any forward-looking statements.

Now, it is my pleasure to turn the call over to WisdomTree CFO, Bryan Edmiston.

Bryan Edmiston

Good morning, everyone, and welcome. I am incredibly pleased to report another fantastic quarter with record AUM levels and strong organic growth in the wake of viable market environment. A successful quarter like this doesn’t happen by accident. Jarrett and Jono will unpack how we got here in the bright outlook ahead for us. But first I’ll walk you through our first quarter results.

Our AUM at March 31 was 79.4 billion, which represents our second consecutive record quarter. Our average AUM for the quarter was 77.8 billion, our fifth consecutive record quarter. Our AUM is withstood a volatile market environment and it’s positioned to continue capturing market share as we experience a rotation towards the value, rising rates and inflation.

We benefited from positive market movement and we generated $1.3 billion of inflows during the quarter, representing a 7% annualized organic growth rate. Key contributors include $2.3 billion of flows from our U.S. business and almost 600 million from our European UCITS platform.