AlTi Global (ALTI) Q3 2026 Earnings Call Transcript

ALTI posted Q3 2026 revenue of $58 million, up just 1%, as the wealth manager pairs deep cost cuts with continued client outflows.

Management fees drove the top-line gain, supported by assets under management of $51.6 billion, up 5% year over year. The bigger story is the expense line: operating expenses fell 25%, and the GAAP operating loss improved 79%.

ALTI also secured an $85 million credit facility to fund organic and inorganic growth, including advisor lift-outs. Client retention held at 95%.

The pressure points are clear. Net wealth management outflows totaled $250 million, a drag on the fee base that underpins revenue. In addition, management expects $20-23 million of further unrealized losses on its Zebedee investment stake in Q4, which will weigh on reported results.

Interpretation: with revenue growth at 1%, the earnings story is cost-driven rather than demand-driven. The credit facility gives ALTI firepower for acquisitions and hires, but outflows suggest the franchise must prove it can attract and keep assets, not just trim expenses.