olivLaw · US equity research
AlTi Global, Inc. ALTI
Investment Advice · SIC 6282 · Vertical: Investment Advice (SIC 6282)
AlTi Global is a global wealth and investment partner to families, foundations and institutions, combining the breadth of a global firm with the service offering of a family office. The company managed or advised combined assets of about 96.0 billion USD as of June 30, 2026, which makes its ultra-high-net-worth franchise relevant for investors following the segment.
At the close of 04 Nov 2026, AlTi Global, Inc. (ALTI) stock was 2.61 USD (+5.67% on the day), with market capitalisation 112.6 m USD, dividend yield 0.00%, beta 0.59, 52-week range 2.31–5.19 USD. Latest reported quarter (Q2 2026): revenue of 58.0 m USD (+10.8% YoY), net income of -23.5 m USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 46.0
- neutral
- Bollinger (20, 2)
- 2.33 – 2.75
- in the upper half of the band · %B 0.67 · band width 16.8%
- SMA 50 / 200
- 2.99 / 3.59
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.12 / -0.15
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −11.5% | −1.1% | −10.4 pp | — |
| 3 months | −43.5% | −0.5% | −43.1 pp | — |
| 6 months | −30.6% | +4.4% | −35.0 pp | — |
| Year to date | −43.8% | +12.3% | −56.1 pp | — |
| 1 year | −33.1% | +13.5% | −46.6 pp | −2.5% |
| 3 years | −63.1% | +76.4% | −139.5 pp | +31.2% |
| 5 years | −73.6% | +63.7% | −137.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51.8 m | 51.5 m | 57.1 m | 52.4 m | 57.2 m | 88.3 m | 73.1 m | 58.0 m |
| Operating income | -9.5 m | -33.5 m | -8.4 m | -25.6 m | -28.5 m | -11.5 m | -10.7 m | -10.9 m |
| Depreciation & amortisation | 4.6 m | 3.6 m | 4.3 m | 4.6 m | 4.7 m | 4.8 m | 4.7 m | 4.7 m |
| Interest expense | 5.2 m | 7.3 m | 151.0 k | 2.0 k | 126.0 k | 68.0 k | 89.0 k | 372.0 k |
| Pre-tax income | -76.9 m | -75.2 m | 2.4 m | -30.8 m | -56.9 m | -19.8 m | 8.3 m | -30.7 m |
| Income tax | -9.5 m | -10.9 m | -1.6 m | -4.8 m | 30.1 m | -5.1 m | -41.0 k | 101.0 k |
| Net income | -72.5 m | -53.8 m | 1.9 m | -24.4 m | -84.1 m | -13.1 m | 7.7 m | -23.5 m |
| Diluted EPS | -0.88 | -0.57 ≈ | -0.04 | -0.33 | -0.82 ≈ | -0.13 ≈ | — | — |
| Operating cash flow | -4.9 m ≈ | -56.0 k | -30.2 m | -19.9 m ≈ | — | — | — | — |
| Capex | 4.5 m ≈ | 1.8 m | 782.0 k | 24.0 k ≈ | 0 ≈ | 0 | 0 | 742.0 k ≈ |
| Share repurchases | — | — | 2.8 m | -2.8 m ≈ | — | — | 5.7 m | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2021 | 2022 | ⚠ 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 75.7 m | 76.9 m | 221.1 m | 198.4 m | 255.0 m |
| Revenue YoY | unavailable | +1.5% | — | −10.3% | +28.5% |
| Net income | 3.9 m | -5.9 m | -165.6 m | -103.0 m | -119.7 m |
| Net income YoY | unavailable | −249.4% | — | unavailable | unavailable |
| Diluted EPS | 566.27 | -839.87 | -2.70 | -1.59 | unavailable |
| Diluted EPS YoY | unavailable | −248.3% | — | unavailable | unavailable |
| net % | 5.2% | -7.7% | -74.9% | -51.9% | -46.9% |
| Free cash flow | 18.9 m | 6.7 m | -82.0 m | -58.2 m | unavailable |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 41.2 m USD
- Financial debt
- 883.0 k USD
- Net debt
- -40.3 m USD
- Equity
- 874.8 m USD
- Total assets
- 1.2 bn USD
- Debt / equity
- 0.00x
- Current ratio
- unavailable
- ROE
- -13.0%
- ROA
- -9.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | 75.7 m | 76.9 m | 221.1 m | 198.4 m | 255.0 m | SEC (XBRL)· 31 Mar 2026verified |
| Operating income | 7.8 m | -1.3 m | -48.2 m | -58.9 m | -73.9 m | SEC (XBRL)· 31 Mar 2026verified |
| Depreciation & amortisation | 2.1 m | 2.3 m | 10.4 m | 14.4 m | 18.4 m | SEC (XBRL)· 31 Mar 2026verified |
| EBITDA | 9.8 m ≈ | 1.0 m ≈ | -37.8 m ≈ | -44.5 m ≈ | -55.5 m ≈ | SEC (XBRL)· 31 Mar 2026derived |
| Interest expense | — | 427.0 k | 14.7 m | 22.1 m | 347.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Pre-tax income | 4.3 m | -5.5 m | -42.2 m | -123.1 m | -105.1 m | SEC (XBRL)· 31 Mar 2026verified |
| Income tax | 515.0 k | 527.0 k | -506.0 k | -20.9 m | 18.6 m | SEC (XBRL)· 31 Mar 2026verified |
| Net income | 3.9 m | -5.9 m | -165.6 m | -103.0 m | -119.7 m | SEC (XBRL)· 31 Mar 2026verified |
| Diluted EPS | 566.27 | -839.87 | -2.70 | -1.59 | — | SEC (XBRL)· 17 Mar 2025verified |
| Weighted average diluted shares | 7.0 k | 7.0 k | 115.8 m | 79.7 m | 99.9 m | SEC (XBRL)· 31 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | 8.0 m | 7.1 m | 15.3 m | 64.4 m | 41.2 m | SEC (XBRL)· 31 Mar 2026verified |
| Current assets | 621.7 k | 85.5 k | — | — | — | SEC (XBRL)· 17 Apr 2023verified |
| Property, plant & equipment, net | — | 975.0 k | 2.5 m | 16.0 m | 17.7 m | SEC (XBRL)· 31 Mar 2026verified |
| Goodwill | 22.2 m | 530.5 m | 361.8 m | 377.8 m | 386.0 m | SEC (XBRL)· 31 Mar 2026verified |
| Intangibles (excl. goodwill) | — | 20.6 m | 435.7 m | 469.6 m | 436.2 m | SEC (XBRL)· 31 Mar 2026verified |
| Total assets | 345.7 m | 92.0 m | 1.3 bn | 1.3 bn | 1.2 bn | SEC (XBRL)· 31 Mar 2026verified |
| Long-term debt | — | 21.2 m | 186.4 m | 0 | 883.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Current liabilities | 182.1 k | 8.0 m | — | — | — | SEC (XBRL)· 17 Apr 2023verified |
| Total liabilities | 35.4 m | 74.1 m | 483.8 m | 285.6 m | 301.7 m | SEC (XBRL)· 31 Mar 2026verified |
| Equity | -34.7 m † | 1.0 bn | 782.5 m | 970.2 m | 874.8 m | SEC (XBRL)· 31 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | 18.9 m | 6.9 m | -81.7 m | -50.7 m | — | SEC (XBRL)· 17 Mar 2025verified |
| Capex | 2.0 k | 156.0 k | 334.0 k | 7.6 m | 806.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Free cash flow | 18.9 m ≈ | 6.7 m ≈ | -82.0 m ≈ | -58.2 m ≈ | — | SEC (XBRL)· 17 Mar 2025derived |
| Investing cash flow | -2.5 m | -7.2 m | -132.9 m | -75.7 m | — | SEC (XBRL)· 17 Mar 2025verified |
| Financing cash flow | -11.9 m | -345.0 k | 36.0 m | 174.3 m | — | SEC (XBRL)· 17 Mar 2025verified |
| Dividends paid | 0 | 0 | 3.4 m | 11.0 k | 0 | SEC (XBRL)· 31 Mar 2026verified |
| Share repurchases | — | — | 4.2 m | 0 | 0 | SEC (XBRL)· 31 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 45.8% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 112.6 m USD
Key indicators
Coverage and freshness
Score by group
46% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 45.8% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -5.7% | 0 (vs peers) | 23% |
| Net margin · Quality | -40.9% | 5 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 49.1% | 100 (on a fixed band) | 18% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -93.8x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -49.6% | 0 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | 5.1% | 72 (on a fixed band) | 14% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality2/100 · 2/3 factors with a value
- Returns· partial72/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
AlTi Global, Inc. (ALTI). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 255.0 m USD in 2025; YoY growth 28.5%; net margin -40.9%; ROE -17.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 45.8% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 49.1%
- Shareholder yield (distributions): 5.1%
What contradicts it
- ROIC: -5.7%
- Net margin: -40.9%
- Interest coverage: -93.8x
- FCF yield: -49.6%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Current ratio, P/E (TTM), EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Investment Advice (SIC 6282) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BXBlackstone Inc. | 94.3 bn | 28.1 | 40.5% | 21.8% | +9.2% | −14% / +12% |
| KKRKkr & Co. Inc. | 91.0 bn | 28.9 | 10.6% | 14.8% | −11.0% | −17% / +34% |
| APOApollo Global Management, Inc. | 72.5 bn | 43.8 | 9.3% | 5.2% | +22.7% | −7% / +33% |
| AMPAmeriprise Financial, Inc. | 45.8 bn | 11.9 | 72.0% | 20.7% | +5.5% | +16% / +49% |
| TROWPrice T Rowe Group Inc | 24.0 bn | 11.3 | 19.7% | 28.4% | +3.1% | +10% / +12% |
| BENFranklin Resources Inc | 17.2 bn | 22.8 | 6.8% | 8.7% | +3.5% | +50% / +37% |
| CGCarlyle Group Inc. | 15.2 bn | 44.6 | 5.2% | 10.1% | −11.9% | −22% / +25% |
| ARESAres Management Corporation | 14.1 bn | 22.2 | 15.3% | 12.0% | +28.9% | −13% / +22% |
| IVZInvesco Ltd. | 12.9 bn | — | -0.6% | -1.2% | +5.1% | +20% / +106% |
| AMGAffiliated Managers Group, Inc. | 9.4 bn | 17.8 | 18.9% | 26.9% | +1.6% | +36% / +169% |
| MORNMorningstar, Inc. | 9.1 bn | 21.4 | 35.1% | 17.0% | +7.5% | +14% / −14% |
| VCTRVictory Capital Holdings, Inc. | 7.4 bn | 20.6 | 19.0% | 29.6% | +46.2% | +91% / +274% |
| MAASMAASE Inc. | 4.9 bn | — | -7.2% | -102.1% | −75.2% | +182% / −95% |
| LAZLazard, Inc. | 4.5 bn | 24.4 | 20.6% | 5.5% | +1.5% | −19% / +36% |
| PJTPJT Partners Inc. | 3.9 bn | 19.7 | 83.2% | 10.6% | +14.8% | −6% / +76% |
| APAMArtisan Partners Asset Management Inc. | 3.3 bn | 9.3 | 73.1% | 24.5% | +7.6% | −2% / +7% |
| AAMIAcadian Asset Management Inc. | 3.3 bn | 32.4 | — | 15.2% | +11.5% | +104% / +425% |
| NOAHNoah Holdings Ltd | 2.4 bn | 30.7 | 5.8% | 21.4% | +4.8% | −31% / −45% |
| ABXAbacus Global Management, Inc. | 885.0 m | 32.5 | 6.6% | 10.5% | +110.2% | +37% / +31% |
| VRTSVirtus Investment Partners, Inc. | 853.6 m | 7.4 | 12.6% | 14.0% | −6.0% | −19% / −34% |
| GCMGGCM Grosvenor Inc. | 550.6 m | 30.0 | 682.1% | 7.8% | +8.5% | +19% / +61% |
| VALUValue Line, Inc. | 416.6 m | 21.0 | 18.7% | 60.3% | −4.7% | +20% / +6% |
| WHGWestwood Holdings Group, Inc. | 182.5 m | 21.9 | 6.4% | 7.8% | +3.2% | +14% / +75% |
| RILYBRC Group Holdings, Inc. | 154.0 m | 0.3 | — | 35.9% | +29.6% | −12% / −79% |
| BVCBitVentures Limited | 138.6 m | 39.8 | 28.9% | 687.6% | unavailable | +1,203% / −76% |
1- and 3-year price returns: for ALTI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
AlTi Global is a global wealth and investment partner to families, foundations and institutions, combining the breadth of a global firm with the service offering of a family office 1. The company managed or advised combined assets of about 96.0 billion USD as of June 30, 2026 2, which makes its ultra-high-net-worth franchise relevant for investors following the segment.
SWOT
Strengths
- The alternatives platform provides access to hard-to-reach strategies and generates distributions from strategic stakes 1. The leadership team brings decades of industry experience 3.
- The independent advisory model and open-architecture product approach may attract clients who want solutions without obvious conflicts of interest 2.
Weaknesses
- The company reported a loss from continuing operations in fiscal 2025, which shows profitability remains fragile 1. Restructuring and impairment costs had a significant effect on results 1.
- The company has identified material weaknesses in internal control over financial reporting, which may affect investor confidence 1. Its emerging growth company status is set to end, and compliance costs are expected to rise 1.
- Dependence on asset-based fees makes revenue sensitive to market declines 1. Concentration of revenue in a few large clients or strategies could amplify the impact of a loss 1.
Opportunities
- Growing interest in private investments and impact strategies could expand the client base and alternatives income 13. The company cites an active acquisition strategy to add capabilities and geographic reach 3.
- If margins improve through reorganization, the company could convert recurring revenues into profit more effectively 3. Launching new vintages of private market funds could add income 1.
- The global UHNW market, where private banks offer more rigid services, could leave room for the company to gain share 3.
Threats
- Market volatility, high interest rates and persistent inflation can reduce asset values and slow capital inflows 1. A prolonged market decline could seriously affect revenues 1.
- Competition from private banks and other wealth managers could pressure fees and client retention 3. Financial regulation, particularly in the United States, can raise compliance costs 1.
- Client withdrawals or advisor departures to other firms could reduce managed assets 1. Reliance on qualified staff makes the company vulnerable to workforce turnover 1.
Risks
- Net losses and margin pressurehigh
The company reported losses from continuing operations in fiscal 2025, and a return to profitability depends on asset growth and cost reduction 1. If results do not improve, pressure on capital could increase 1.
- Internal control weaknesseshigh
Material weaknesses in internal control over financial reporting have been identified, and new weaknesses could emerge 1. Remediation takes time and resources, and a lack of control can affect investor confidence 1.
- Sensitivity to financial marketsmedium
Revenues are tied to the value of managed assets, so a market decline or client withdrawals could significantly reduce fees 1. The company has also noted long-term effects on commercial real estate 1.
- Regulation and compliancemedium
The company is subject to extensive regulation across several jurisdictions, and non-compliance could lead to litigation and sanctions 1. If it were deemed an investment company under U.S. law, restrictions could affect the business model 1.
- Strategic alternatives reviewlow
The company is reviewing preliminary indications of interest and strategic alternatives, which may not result in any transaction 1. Announcing or conducting such a process could affect operations 1.
Investment thesis
What would need to be true (bull case)
- If recurring revenues and high client retention persist, the company could benefit from a stable long-term revenue base 3.
- If the alternatives platform continues to generate distributions and performance fees, the company could earn additional income at attractive margins 1.
- If reorganization and acquisition integration succeed, the company could improve margins and grow its scale 3.
What would break the thesis
- If losses from continuing operations persist, the company could struggle to fund growth and to remediate internal control issues 1.
- If markets enter a prolonged period of volatility or clients withdraw assets, fee income could fall quickly 1.
- If private banks adapt their services for the UHNW segment, the company could lose clients or be forced to reduce its fees 3.
What to watch
- Trend in assets under management and client retentionQ3 2026
- Return to profitability and the level of restructuring costs2026
- Results of the alternatives platform and distributions from external managers2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
AlTi offers holistic solutions for wealth management and OCIO clients, including discretionary investment management, investment advisory, estate planning, trust and fiduciary services, family office administration and philanthropy 1. Its model is built on recurring fees, which are the primary revenue source, and total revenues for fiscal 2025 were 254,956 thousand USD 1. The company also runs an alternatives platform with one internally managed fund and stakes in three externally managed funds, with a largely institutional client base 1.
Revenue streams include management fees, performance or incentive fees, distributions from investments and other income; management fees reached 198,410 thousand USD in fiscal 2025 and incentive fees 34,708 thousand USD 1. In the second quarter of 2026 the company reported that 99.7% of revenues were recurring 3.
AlTi was formed through the combination of several predecessor businesses, and in 2024 it welcomed Allianz and Constellation as strategic partners 1. In the third quarter of 2025 it disposed of its international real estate segment and now reports as a single operating segment 1. The headcount fell from about 490 professionals at December 31, 2025 to about 465 at June 30, 2026, pointing to an ongoing reorganization 12.
Segments
Wealth management and capital solutions
The single reportable segment covers investment and administration services for ultra-high-net-worth families, foundations and institutions, including advisory and discretionary management 1. Management fees are the most predictable revenue, while incentive fees are more volatile 1.
Alternatives platform
The alternatives platform includes the internally managed TIG Arbitrage strategy, with roughly 1.8 billion USD of AUM at December 31, 2025, and stakes in three external managers 1. Distributions from these stakes depend on management and incentive fees, with the performance component more exposed to external factors 1.
Market context
The company says its target segment, UHNW clients, is among the fastest-growing parts of wealth management, and competition comes from private banks and other independent firms 3. AlTi positions its open architecture and independent advice as differences from private banks, which it describes as less flexible 3.
Trends
- Market recoverytailwind
A recovery in markets after first-quarter 2026 volatility could support asset values and fee income 2. If the rebound holds, asset volumes could continue to grow 2.
- Interest rates and inflationmixed
High rates and persistent inflation can reduce asset values and slow client demand, while the company's financing costs may rise 1. Rate cuts by the Federal Reserve could ease these pressures 2.
- Demand for private and alternative investmentstailwind
UHNW clients increasingly seek access to private equity and credit funds, which the company offers through its alternatives platform 1. This demand could support growth in distribution and performance fee income 1.
- Cost pressure and reorganizationheadwind
Restructuring and public-company compliance costs can weigh on operating margins in the short term 1. The reduction in headcount from about 490 to about 465 reflects an effort to streamline operations 12.
Competitive position
Competition includes global private banks, which have large resources and integrated services but which the company describes as more rigid and less independent 3. Other independent wealth managers and alternatives managers also compete for the same UHNW and institutional clients 1.
The company differentiates on independent advice, global presence and its alternatives platform, while larger competitors may offer greater scale and lower costs 3. If private banks adapt their UHNW offerings, competitive pressure could increase 3.
- Global private banks
Offer extensive global resources and integrated services, but are described by the company as more rigid and less independent in advice 3.
- Independent wealth management firms
Compete for UHNW families with comparable investment and wealth planning services 3.
- Alternatives fund managers
Compete for institutional capital allocated to private credit, real estate and equity strategies 1.
- Multi-family offices
Provide wealth administration services to affluent families and can be alternatives to the company's family office offering 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report20 Oct 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report10 Aug 2026
- Current report10 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report02 Jul 2026Departure or appointment of officers · Financial statements and exhibits
- Current report25 Jun 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report18 Jun 2026Shareholder vote
- Quarterly report11 May 2026
- Current report11 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Proxy statement30 Apr 2026
- Annual report31 Mar 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / AlTi Global, Inc. · 31 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / AlTi Global, Inc. · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / AlTi Global, Inc. · 10 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.