Welcome to another episode of the Alt Goes Mainstream Podcast! Today, we’re thrilled to have a leading figure from the wealth management industry who’s been making significant waves in private markets.
Today’s guest, Mike Tiedemann, has really carved out a niche in this field. As the CEO of AlTi Global, he leads the first wealth management company that’s purely public and focused. This powerhouse, standing on a $72 billion assets under management platform, emerged from the successful melding of Tiedemann Advisors with Alvarium. Under Mike’s guidance, Tiedemann blossomed into a global entity since its founding in 1999, expanding its reach and creating a Trust Company while managing $29 billion in assets under advisement.
In his current role, Mike continues to steer AlTi Global towards greater heights, backed by industry giants Allianz and Constellation Wealth Capital. His profound understanding of private markets, thanks to his experience in working with top-tier managers, brought invaluable insights. We dove deep into the fascinating convergence of private markets and wealth management.
Here’s what we covered:
– The intricacies of wealth management.
– How the wealth management field has evolved.
– The critical importance of private markets knowledge for wealth managers.
– The strategic advantages of operating on a global scale.
– The experience and challenges of being a publicly traded wealth management firm.
– Strategies for structuring investments tailored for global clients.
– The role of customized private market portfolios in setting firms apart.
A big thank you to Mike for joining us and offering his expertise on wealth management and private market dynamics.
Now, a quick note: Our conversation is purely for informational purposes and shouldn’t be taken as investment advice. We’re simply sharing opinions and strategies, not offering formal recommendations. Market predictions and investment approaches discussed are based on personal views and experiences. Remember, past performance doesn’t always predict future results.
Highlights from the episode include:
– The development of the wealth management industry.
– The complexity involved with operating as a global wealth manager.
– Advantages and challenges faced by publicly traded firms in this arena.
This episode is proudly brought to you by Ultimus Fund Solutions—a leading provider in fund administration for asset managers entrenched in both private and public markets. As private markets evolve and become more mainstream, a robust infrastructure is essential. Investment managers today must skillfully navigate a complex landscape rife with unique challenges such as intricate fund structures, compliance hurdles, and a pressing need for detailed reporting and transparency.
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Interested to know more? Head over to www.ultimusfundsolutions.com or get in touch with their Executive Vice President of Business Development, Gary Harris, at [email protected].
We deeply appreciate Ultimus for backing the Alt Goes Mainstream Podcast.
Here’s the run-down from this insightful episode:
– Introduction to our Sponsor: Ultimus Fund Solutions
– Mike Tiedemann’s personal and professional journey, from early career lessons in Brazil to navigating the nuances of liquidity and global geopolitics.
– A deep dive into private markets and wealth management history, particularly the story of Tiedemann Advisors.
– Discussions on multi-strategy firms, manager selection challenges, and the quest for growth and scale in wealth management.
– Insights into client demands, differentiation in investment offerings, tax efficiency, and strategic alliances with industry leaders like Allianz and Constellation.
– Behind-the-scenes look at the decision-making process and challenges of taking a company public.
– A clear-eyed view of permanence, market resilience, consolidation, and strategy from a global perspective.
– Nuances in different regions with a spotlight on Asia.
– Structuring investments for a worldwide clientele, creating scalable offerings, and setting oneself apart in private markets.
– The continuing evolution of wealth management: impacts of technology, talent retention, skills needed, and next-gen client expectations.
Editing and post-production for this episode were handled by The Podcast Consultant.
