AlTi Tiedemann Global Announces Acquisition Of East End Advisors Following Strategic Investment
AlTi Global, Inc. (NASDAQ: ALTI), a top independent global wealth and alternatives manager with over $70 billion in combined assets, has acquired East End Advisors, an independent advisory firm with assets under management (AUM) of around $5.6 billion. East End Advisors offers customized portfolio management and investment services to a select group of UHNW families and foundations. This acquisition comes after the recent strategic investment in AlTi of up to $450 million from Allianz X and Constellation Wealth Capital. The capital will be used to speed up AlTi’s strategy to become the leading global independent wealth management platform for the UHNW segment, with a focus on alternatives. Based in New York, East End’s strong investment record and experienced team will expand AlTi Tiedemann Global’s operations in key regions within the US and enhance AlTi’s offering in the growing Outsourced Chief Investment Officer (OCIO) market. East End’s clients will now have access to a wider range of investment strategies, as well as AlTi’s global resources and holistic wealth management solutions, while maintaining the firm’s independence and leadership team. Michael Tiedemann, Chief Executive Officer of AlTi Tiedemann Global, expressed excitement about the acquisition, highlighting East End’s exceptional team, investment approach, and strong client relationships. AlTi Tiedemann Global is solidifying its position as the go-to destination for global UHNW families and foundations seeking access to top-notch wealth management services.
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