AlTi Global to Buy East End Advisors for $76M

AlTi Global, Inc., an independent global wealth and alternatives manager with over $70 billion in combined assets, announced the acquisition of East End Advisors, a New York-based independent advisory business that focuses on UHNW families and foundations.

The transaction, which includes an initial purchase price of $76 million plus extra contingent considerations over the next five years, is part of AlTi’s aim to increase its UHNW services and market presence, particularly in the U.S.

AlTi Global said a portion of the contingent compensation must be paid in cash. The balance can be paid in cash or stock, at AlTi’s discretion. The transaction is expected to be completed early in the second quarter of 2024.

The acquisition follows the recently announced 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 wealth managers.

“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,” said Michael Tiedemann, CEO of AlTi Tiedemann Global.