AlTi Global, Inc. (NASDAQ:ALTI) Q1 2024 Earnings Call Transcript

Michael Tiedemann: We think of it in three ways. And it’s important our top priority is and will always be organic growth. And the importance of why we integrate our offices are – our operations globally is because the collaboration and the support for the business development effort that can be driven by that leads to organic growth. So that is a critical focus, will always be and the more we get integration behind us, the more the organic growth begins to accelerate. So that’s the primary focus. The secondary focus is talent acquisition. As we think about our various jurisdictions and where we have offices across these various regions, we want to be able to bring in revenue-producing talent. We have the infrastructure to support them.

We have a global infrastructure that is unique, and we are now turning our efforts or recruiting efforts related towards bringing in talent as we highlighted one in Dallas and a team of people that have – that are already paying benefits. And same is true in Europe, which we’ll talk about in later quarters. In terms of the inorganic pipeline, we are looking at that holistically. We’re – there really needs to be a strategic fit. The wealth firms that have joined us squarely in not only our strategy, but culturally and they are perfect fits within our organization. So the integration will be seamless. That’s vital – of vital importance to us. We’re now beginning to look, spend more time looking across other geographies, and obviously are engaged as well in the strategic alternative side.

Wilma Burdis: Okay. Thank you.

Operator: [Operator Instructions] With no further questions at this time, I would like to turn the conference back over to Mike Tiedemann for closing remarks.

Michael Tiedemann: Thank you, operator, and thank you all for joining us this morning. We look forward to meeting with many of you in the months to come. And if you’re interested in meeting with me or other members of the management team, please don’t hesitate to reach out to Lily. As I mentioned earlier, we really do feel we are positioned to generate accelerated growth in 2024 and create long-term value for our shareholders. Wishing you all a happy and healthy beginning of summer before our next update in August. Thank you again.

Operator: Thank you. This will conclude today’s conference. You may disconnect your lines at this time and thank you for your participation.