ALTI - AlTi Global: A First Assessment

2024-05-05 10:48:20 ET

Summary

• AlTi Global, Inc. shares are down more than 40% since their public debut in January 2023 due to shedding assets and taking impairment charges.
• Recent financing from Constellation and impending funding from Allianz puts the firm on track to grow through acquisitions.
• The firm recently acquired East End Advisors for $76 million and has plenty of capital to continue its buying spree.
• An investment analysis around AIti Global follows in the paragraphs below.

Shares of wealth advisor AlTi Global, Inc. ( ALTI ) are down more than 40% since their public debut in January 2023, due in large measure to a year spent shedding assets and taking impairment charges. Recent financing from Constellation and impending funding from Allianz puts the firm on track to grow by acquisition, recently adding East End Advisors for $76 million on April 1, 2024. With plenty of capital to continue a buying spree, the recent insider buying merited a deeper look. An analysis follows below....

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