🎥 AlTi Global's Mike Tiedemann - when wealth management goes global

Welcome back to the Alt Goes Mainstream podcast.

Today’s guest is an industry leader in wealth management who has been very active in private markets.

Mike Tiedemann is a pioneer in the wealth management space in a number of ways.

He's at the helm of the first pure play publicly traded wealth management business, AlTi Global. AlTi, a $72B AUM platform, came out of a merger between Mike's successful and highly regarded wealth management and alternatives business, Tiedemann Advisors, which merged with Alvarium.

Founded in 1999, Tiedemann grew into a global company under Mike's leadership, expanding across geographies and building out a Trust Company and an alternatives manager on its way to overseeing $29B AUA.

Mike has since run the combined company of AlTi Global as CEO, where they've built a global wealth management and alternatives platform. They are also backed by Allianz and Constellation Wealth Capital as they continue to serve many UHNW families worldwide.

Mike is very well-versed in private markets given his deep expertise in allocating to many of the industry's best leading managers so we had a fascinating conversation about the intersection of private markets and wealth management.

We discussed:

* The business of wealth management.

* The evolution of the wealth management industry.

* Why understanding private markets is so critical for wealth managers.

* The advantages of being a global wealth management business.

* The experience of being a publicly traded pure play wealth management firm.

* How to structure investments for global clients.

* The need to customize private markets portfolio construction as a way to differentiate versus other wealth management platforms.

Thanks Mike for coming on the show to share your views and wisdom on wealth management and private markets.

This conversation is for informational purposes only and should not be construed as investment advice. It does not endorse or recommend any specific investments, products, or strategies. The opinions shared regarding investment approaches, risk allocations, and portfolio decisions are purely for discussion and do not constitute formal recommendations.

Any statements, assertions, or views regarding past or future market events or investment approaches are based on the speaker’s beliefs and do not necessarily reflect those of the firm as a whole, unless explicitly stated with supporting sources. Additionally, some statements may be forward-looking in nature, and actual outcomes may differ materially from expectations.

Clip #1: The evolution of the wealth management industry.

Clip #2: The nuances of being a global wealth manager.

Clip #3: The positives and negatives of being a publicly traded wealth management firm.

A word from AGM podcast sponsor, Ultimus Fund Solutions

This episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.

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Visit www.ultimusfundsolutions.com to learn more about Ultimus’ technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at [email protected].

We thank Ultimus for their support of alts going mainstream.

Show Notes

00:00 Introduction to our Sponsor Ultimus Fund Solutions

01:18 Alt Goes Mainstream Theme Song

01:58 Introducing Mike Tiedemann

05:28 Lessons from Mike’s Early Career in Brazil

05:44 Importance of Liquidity

06:57 Geopolitics and Investing

09:24 Private Markets and Wealth Management

09:47 History of Tiedemann Advisors

10:26 Evolution of Multi-Strategy Firms

11:33 Challenges in Manager Selection

16:31 Growth and Scale in Wealth Management

19:09 Client Demands in Wealth Management

21:18 Differentiation in Investment Offerings

24:10 Tax Efficiency in Investments

25:26 Partnerships with Allianz and Constellation

27:24 Decision to Go Public

29:19 Challenges of Being a Public Company

30:52 The Importance of Permanence in Wealth Management

31:44 Surviving Market Downturns

32:42 Consolidation in Wealth Management

33:36 Global Wealth Management Strategies

35:26 Regional Nuances in Wealth Management

36:49 Asian Wealth Management

38:11 Structuring Investments for Global Clients

39:10 Creating Scalable Private Markets Offerings

40:22 Differentiating in Private Markets

42:09 Tax Efficiency in Alternative Investments

42:48 Innovative Investment Structures

44:00 Public vs. Private Wealth Management Firms

46:10 Brand and Client Perception

47:57 Future of Wealth Management

49:53 The Impact of Technology in Wealth Management

51:11 Talent and Retention in Wealth Management

53:34 Skills for Modern Wealth Managers

54:48 Next-Gen Client Demands

56:02 Exciting Private Market Trends

57:43 Capital Flows and Private Credit

59:42 Risks in Private Markets

01:01:34 Favorite Alternative Investments

01:03:07 Future Allocation to Private Markets

01:04:40 Concluding Thoughts

Editing and post-production work for this episode was provided by The Podcast Consultant.

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