AlTi Tiedemann Global reported a 14% year-over-year Q1 revenue increase to $58 million and an adjusted EBITDA of $9 million, marking a 38% rise over the prior year. In its earnings report on Monday, the publicly-listed wealth management firm also highlighted its steadfast commitment to ESG investing, as it oversees $77 billion in assets.
A Morningstar report last month found outflows of $8.6 billion from ESG funds in the first quarter of 2025, marking the 10th consecutive quarter of American investors withdrawing from such funds. Despite the intensifying backlash against ESG, the AlTi Global Social Progress Index launched in February in partnership with the non-profit Social Progress Imperative to track health, education, gender equity and more human rights updates from 170 countries.
“This index highlights where private capital can have the greatest impact at a time when global progress has stalled,” AlTi CEO Michael Tiedemann said on the earnings call. “As a global wealth manager, we see growing demand from clients to align investments with purpose, and this index provides a practical tool to help drive meaningful social outcomes along financial returns.”
In its Q1 investor presentation, AlTi Global says 68% of high-net-worth-investors request ESG scores for their sustainable product investments, and that 45% of ultra-high-net-worth investors view ESG as essential in their wealth management decisions.
AlTi operates as an RIA and positions itself to “become the leading independent global multi-family office and OCIO platform,” referring to outsourced chief investment officer duties. Recurring management fees represented 83% of AlTI’s Q1 consolidated revenue, “underscoring the stability and predictability of the business model we are building,” said Tiedemann.
Allianz X and Constellation Wealth Capital’s investment of up to $450 million in AlTI Global has fuled the firm’s M&A moves, including this month’s deal to expand into Germany through buying Kontora Family Office. AlTi has an existing joint investing venture with Allianz X, and made 2024 acquisitions of the New York-based East End Advisors and Minnesota-based Envoi family office.
On a GAAP basis, AlTi reported a net loss of $3 million for the first quarter. Tiedemann said AlTi’s client portfolios “remained resilient” despite market volatility in Q1. As of writing on Tuesday, the AlTI Global stock is trading around $3.55 per share after trading at highs of around $12.70 per share in March 2023, following its January 2023 listing launch.
“Performance was supported by active underweights to concentrated equity exposures, alongside positive contributions from real assets, private credit and international markets,” said Tiedemann. “In difficult markets, our clients' long term horizon has meant that we maintain stable asset allocations and use volatility to our advantage to deploy capital as attractive opportunities emerge.”
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