AlTi Tiedemann Global Announces Acquisition of East End Advisors Following Strategic Investment

AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth and alternatives manager with over $70 billion in combined assets, announces the acquisition of East End Advisors, an independent advisory firm with assets under management (AUM) of approximately $5.6 billion, offering customized portfolio management and investment services to a select group of UHNW families and foundations.

This follows the recently announced strategic investment in AlTi of up to $450 million from Allianz X, an investment arm of Allianz SE, and Constellation Wealth Capital, an investment advisory firm specializing in making investments in industry-leading wealth managers. The capital will be used to accelerate AlTi’s strategy to become the leading global independent wealth management platform for the UHNW segment, with targeted expertise in alternatives.

Headquartered in New York, East End’s strong investment record and experienced team expand AlTi Tiedemann Global’s operations in key regions within the US and further enhance AlTi’s offering within the growing Outsourced Chief Investment Officer (OCIO) market.

East End’s clients will benefit from access to a broader set of investment strategies, as well as AlTi’s global resources and holistic wealth management solutions while preserving the firm’s defining characteristics as an independent investment advisor and leading OCIO under a continuation of East End’s leadership team.

Michael Tiedemann, Chief Executive Officer of AlTi Tiedemann Global, said:

“We have long admired the exceptional team at East End, their investment approach, and the long-standing and trusted relationships they have with their clients. We both share industry-leading client retention and a deep understanding of the complexities and changing demands of ultra-high-net-worth families and foundations. We are excited to have them join the AlTi ecosystem.

“AlTi Tiedemann Global continues to build its reputation as destination of choice for global UHNW families and foundations looking for access to world-class expertise and solutions, combined with the focused attention of a bespoke family office. I look forward to providing further updates on our strategic growth trajectory in the coming months.”

David Salomon, President of East End Advisors, said:

“We are excited to continue on our path of best-in-class client service, while broadening our solution set to meet the complex needs of the families, endowments and foundations we serve. Joining AlTi will further increase our ability to support clients for generations to come.