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Stock impact report

AlTi Tiedemann Global Extends US Footprint Through Acquisition of Midwest Family Office, Envoi [Yahoo! Finance]

AlTi Global, Inc. - Class A (ALTI) 
US:NASDAQ Investor Relations: altairnano.com/investors
Company Research Source: Yahoo! Finance
NEW YORK, May 09, 2024 BUSINESS WIRE )--AlTi Global, Inc. (NASDAQ: ALTI) ("AlTi" or the "Company"), a leading independent global wealth manager with over $70 billion in combined assets, announces the acquisition of Envoi, LLC ("Envoi"), a leading family office focused on multi-generational family wealth with assets under management (AUM) of approximately $3.0 billion. This follows AlTi's recent acquisition of US-based independent advisory firm East End Advisors, as AlTi accelerates its strategy to become the leading global independent wealth management platform for the UHNW segment, with targeted expertise in alternatives. In line with this strategic goal, AlTi is using funding of up to $450 million from Allianz X and Constellation Wealth Capital to fund its mergers and acquisitions pipeline and organic growth activities. Based in Minneapolis, Minnesota, Envoi is a well-established management-owned family office with a service offering and client base that is strongly aligned w Show less Read more
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