AlTi Global, Inc. (NASDAQ:ALTI) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET

Company Participants

Lily Arteaga – Head-Investor Relations
Michael Tiedemann – Chief Executive Officer
Stephen Yarad – Chief Financial Officer

Conference Call Participants

Wilma Burdis – Raymond James

Operator

Good morning, my name is Zico, and I will be the conference operator for today. At this time I would like to welcome everyone to AlTi Third Quarter 2024 Earnings Conference Call. During the call your lines will remain in listen-only mode. After the speaker’s remarks there will be a question-and-answer session. I would like to advise all parties that this conference call is being recorded and a replay of the webcast is available on AlTi’s Investor Relations website.

Now, at this time I will turn things over to Lily Arteaga, Head of Investor Relations for AlTi. Please go ahead.

Lily Arteaga

Good morning to everyone on the call today. Joining me this morning are Michael Tiedemann, our CEO; and Stephen Yarad, our CFO. We invite you to visit the Investor Relations section of our website at www alti-global.com to view our earnings materials including our investor presentation.

I would like to remind everyone that certain statements made during the call may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of the words such as anticipate, believe, continue, estimate, expectations, future, intend, may, plan and will or similar words. Because these forward-looking statements involve both known and unknown risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. AlTi assumes no obligation or responsibility to update any forward-looking statements.

During this call some comments may include references to non-GAAP financial measures. Full reconciliations can be found in our earnings presentations and our related SEC filings.

With that, I’d like to turn the call over to Mike.

Michael Tiedemann

Thank you, Lily, and thank you all for joining us this morning. In the third quarter we made significant strides in expanding our global platform and further establishing ourselves as the preeminent global wealth management firm focused on ultra-high-net-worth clients with expertise in alternatives and impact investing.

Our target margin, the upper end of the global wealth band, represents a $102 trillion addressable market and is expected to grow by 7% CAGR by 2028. In our view, AlTi is the only public company tailored and continually curated to meet every need of this market. We believe the future is bright and I’m looking forward to sharing the progress we’ve made on our strategy with you today.