AlTi Global (ALTI) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 08, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-40103
Entity Registrant Name	AlTi Global, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-1552220
Entity Address, Address Line One	520 Madison Avenue, 26th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	(212)
Local Phone Number	396-5900
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	ALTI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001838615
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		91,846,903
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		47,978,953

Condensed Consolidated Statemen

Condensed Consolidated Statement of Financial Position (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 59,984	$ 15,348
Investments at fair value	162,234	165,894
Equity method investments	7,504	14,194
Intangible assets, net of accumulated amortization	505,233	435,677
Goodwill	440,997	411,634
Operating lease right-of-use assets	53,854	48,313
Other assets, net	58,709	48,182
Contingent consideration receivable	1,834	0
Assets held for sale	0	56,634
Total assets	1,322,730	1,266,297
Liabilities
Accounts payable and accrued expenses	25,350	37,156
Accrued compensation and profit sharing	30,087	61,768
Accrued member distributions payable	3,348	7,271
Warrant liabilities, at fair value	2,934	0
Earn-out liability, at fair value	49,124	63,444
TRA liability (includes $6,911 and $13,233 at fair value, respectively)	24,911	17,607
Delayed share purchase agreement	0	1,818
Earn-in consideration payable	969	1,830
Operating lease liabilities	64,281	56,123
Debt, net of unamortized deferred financing cost	163,986	186,353
Deferred tax liability, net	12,897	14,109
Deferred income	221	66
Other liabilities, net	21,101	22,467
Liabilities held for sale	0	13,792
Total liabilities	399,209	483,804
Commitments and contingencies (Note 19)
Mezzanine Equity
Series C Redeemable Cumulative Convertible Preferred stock, $0.0001 par value, 150,000 authorized, 150,000 shares issued and outstanding at June 30, 2024, and 0 shares authorized, 0 issued and outstanding at December 31, 2023	153,442	0
Shareholders' Equity
Additional paid-in capital	549,998	536,509
Retained earnings (accumulated deficit)	(170,172)	(193,527)
Accumulated other comprehensive income (loss)	6,942	9,155
Total AlTi Global, Inc. shareholders' equity	540,217	352,144
Non-controlling interest in subsidiaries	383,304	430,349
Total shareholders' equity	923,521	782,493
Total liabilities, mezzanine equity, and shareholders' equity	1,322,730	1,266,297
Class A Common Stock
Shareholders' Equity
Common stock	7	7
Class B Common Stock
Shareholders' Equity
Common stock	0	0
Fees receivable
Assets
Contract with customer, receivable	$ 32,381	$ 70,421

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
TRA liability, fair value	$ 6,911	$ 13,233
Series C Redeemable Cumulative Convertible Preferred Stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Series C Redeemable Cumulative Convertible Preferred Stock, authorized (in shares)	150,000	0
Series C Redeemable Cumulative Convertible Preferred Stock, issued (in shares)	150,000	0
Series C Redeemable Cumulative Convertible Preferred Stock, outstanding (in shares)	150,000	0
Fees receivable
Contract with customer, receivable	$ 32,381	$ 70,421
Related party | Fees receivable
Contract with customer, receivable	$ 830	$ 16,069
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	875,000,000	875,000,000
Common stock, issued (in shares)	72,167,195	65,110,875
Common stock, outstanding (in shares)	72,167,195	65,110,875
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	47,978,953	53,219,713
Common stock, outstanding (in shares)	47,978,953	53,219,713

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Operations And Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues [Abstract]
Total income	$ 49,453,000	$ 51,285,000	$ 100,265,000	$ 109,332,000
Operating Expenses
Compensation and employee benefits	38,893,000	33,952,000	78,450,000	97,124,000
Systems, technology and telephone	4,809,000	4,110,000	9,123,000	7,939,000
Sales, distribution and marketing	1,202,000	568,000	1,967,000	1,094,000
Occupancy costs	4,025,000	3,352,000	7,502,000	6,532,000
Professional fees	7,602,000	14,863,000	18,972,000	37,747,000
Travel and entertainment	1,326,000	1,306,000	2,737,000	3,252,000
Depreciation and amortization	3,813,000	3,655,000	6,380,000	8,172,000
General, administrative and other	2,738,000	2,538,000	4,757,000	3,971,000
Total operating expenses	64,408,000	64,344,000	129,888,000	165,831,000
Total operating income (loss)	(14,955,000)	(13,059,000)	(29,623,000)	(56,499,000)
Impairment loss on intangible assets	(695,000)	(29,393,000)	(695,000)	(29,393,000)
Other Income (Expenses)
Gain (loss) on investments	11,357,000	(5,154,000)	7,696,000	(1,704,000)
Gain (loss) on TRA	389,000	(1,792,000)	6,322,000	(2,092,000)
Gain (loss) on warrant liability	409,000	76,000	69,000	(12,866,000)
Gain (loss) on earnout liability	(1,945,000)	66,083,000	37,509,000	36,877,000
Interest expense	(4,851,000)	(3,371,000)	(9,691,000)	(6,632,000)
Interest income	563,000	0	823,000	0
Other income (expense)	13,000	(706,000)	(17,000)	(647,000)
Income (loss) before taxes	(9,715,000)	12,684,000	12,393,000	(72,956,000)
Income tax (expense) benefit	756,000	15,446,000	393,000	10,796,000
Net income (loss)	(8,959,000)	28,130,000	12,786,000	(62,160,000)
Net loss (income) attributed to non-controlling interests in subsidiaries	(2,965,000)	(14,610,000)	(10,569,000)	(36,160,000)
Net income (loss) attributable to AlTi Global, Inc.	$ (5,994,000)	$ 42,740,000	$ 23,355,000	$ (26,000,000)
Net Income (Loss) Per Share
Basic (in dollars per share)	$ (0.18)	$ 0.72	$ 0.16	$ (0.45)
Diluted (in dollars per share)	$ (0.18)	$ 0.25	$ 0	$ (0.44)
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	71,738,190	59,286,346	69,228,309	58,425,916
Diluted (in shares)	71,738,190	114,319,307	119,355,038	58,454,342
Other Comprehensive Income (Loss)
Foreign currency translation adjustments	$ 1,060,000	$ 8,237,000	$ (2,929,000)	$ 17,908,000
Other comprehensive income (loss)	299,000	(682,000)	211,000	(682,000)
Total comprehensive income (loss)	(7,600,000)	35,685,000	10,068,000	(44,934,000)
Other loss attributed to non-controlling interests in subsidiaries	(2,562,000)	(11,295,000)	(12,202,000)	(28,115,000)
Comprehensive income (loss) attributable to AlTi Global, Inc.	(5,038,000)	46,980,000	22,270,000	(16,819,000)
Management/advisory fees
Revenues [Abstract]
Total income	47,029,000	46,844,000	93,253,000	93,314,000
Incentive fees
Revenues [Abstract]
Total income	53,000	469,000	216,000	1,046,000
Distributions from investments
Revenues [Abstract]
Total income	2,240,000	2,203,000	6,410,000	12,233,000
Other fees/income
Revenues [Abstract]
Total income	$ 131,000	$ 1,769,000	$ 386,000	$ 2,739,000

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Changes in Mezzanine Equity and Shareholders’ Equity (Unaudited) - USD ($)	Total	Family Office Service ("FOS")	LXi Reit Advisors Limited (“LRA”)	Alvarium Home REIT Advisors Ltd ("AHRA")	Additional paid-in-capital	Additional paid-in-capital Alvarium Home REIT Advisors Ltd ("AHRA")	Retained earnings (accumulated deficit)	Accumulated other comprehensive income	Accumulated other comprehensive income Family Office Service ("FOS")	Accumulated other comprehensive income LXi Reit Advisors Limited (“LRA”)	Non-controlling interest in subsidiaries	Non-controlling interest in subsidiaries Family Office Service ("FOS")	Non-controlling interest in subsidiaries LXi Reit Advisors Limited (“LRA”)	Non-controlling interest in subsidiaries Alvarium Home REIT Advisors Ltd ("AHRA")	Class A Common Stock	Class A Common Stock Common Stock	Class B Common Stock	Class B Common Stock Common Stock
Beginning balance (in shares) at Dec. 31, 2022																55,388,023		55,032,961
Beginning balance at Dec. 31, 2022	$ 1,014,908,000				$ 435,859,000		$ (27,946,000)	$ 0			$ 606,989,000					$ 6,000		$ 0
Shareholders’ Equity
Issuance of shares to alvarium employee benefit trust (in shares)																2,100,000
Issuance of shares to Alvarium Employee Benefit Trust	21,000,000				21,000,000
Net income (loss)	(62,160,000)						(26,000,000)				(36,160,000)
Currency translation adjustment	17,908,000							9,546,000			8,362,000
Cancellation of AHRA call option				$ 154,000										$ 154,000
Other comprehensive income (loss)	(682,000)							(364,000)			(318,000)
Payment for partner's tax	(998,000)				(998,000)
Share based compensation	2,131,000				2,131,000
Deconsolidation				0		$ 28,791,000								(28,791,000)
Issuance of shares - exercise of warrants (in shares)																5,469,648
Issuance of shares - exercise of warrants	29,479,000				29,479,000
Ending balance (in shares) at Jun. 30, 2023																62,957,671		55,032,961
Ending balance at Jun. 30, 2023	$ 1,021,740,000				516,262,000		(53,946,000)	9,182,000			550,236,000					$ 6,000		$ 0
Ending balance (in shares) at Dec. 31, 2023	0
Ending balance at Dec. 31, 2023	$ 0
Beginning balance (in shares) at Dec. 31, 2022																55,388,023		55,032,961
Beginning balance at Dec. 31, 2022	1,014,908,000				435,859,000		(27,946,000)	0			606,989,000					$ 6,000		$ 0
Ending balance (in shares) at Dec. 31, 2023															65,110,875	65,110,875	53,219,713	53,219,713
Ending balance at Dec. 31, 2023	782,493,000				536,509,000		(193,527,000)	9,155,000			430,349,000					$ 7,000		$ 0
Beginning balance (in shares) at Mar. 31, 2023																57,916,649		55,032,961
Beginning balance at Mar. 31, 2023	960,705,000				462,275,000		(96,686,000)	4,941,000			590,169,000					$ 6,000		$ 0
Shareholders’ Equity
Net income (loss)	28,130,000						42,740,000				(14,610,000)
Currency translation adjustment	8,237,000							4,605,000			3,632,000
Cancellation of AHRA call option				154,000										154,000
Other comprehensive income (loss)	(682,000)							(364,000)			(318,000)
Payment for partner's tax	(998,000)				(998,000)
Share based compensation	2,131,000				2,131,000
Deconsolidation				$ 0		$ 28,791,000								$ (28,791,000)
Issuance of shares - exercise of warrants (in shares)																5,041,022
Issuance of shares - exercise of warrants	24,063,000				24,063,000
Ending balance (in shares) at Jun. 30, 2023																62,957,671		55,032,961
Ending balance at Jun. 30, 2023	$ 1,021,740,000				516,262,000		(53,946,000)	9,182,000			550,236,000					$ 6,000		$ 0
Mezzanine Equity
Issuance of preferred shares (in shares)	150,000
Issuance of preferred shares, net of issuance costs	$ 142,800,000
Preferred share dividend	$ 10,642,000
Ending balance (in shares) at Jun. 30, 2024	150,000
Ending balance at Jun. 30, 2024	$ 153,442,000
Beginning balance (in shares) at Dec. 31, 2023															65,110,875	65,110,875	53,219,713	53,219,713
Beginning balance at Dec. 31, 2023	782,493,000				536,509,000		(193,527,000)	9,155,000			430,349,000					$ 7,000		$ 0
Shareholders’ Equity
Net income (loss)	12,786,000						23,355,000				(10,569,000)
Currency translation adjustment	(2,929,000)							(1,211,000)			(1,718,000)
Other comprehensive income (loss)	211,000							127,000			84,000
Payment for partner's tax	(1,882,000)				(1,882,000)
Preferred share dividend	0				(10,642,000)
Issuance of shares for business combination	948,000				948,000
Share based compensation	9,074,000				9,074,000
Shares issued to employees on vesting of equity awards (in shares)																1,815,560
Shares issued to employees on vesting of equity awards	(4,037,000)				(4,037,000)
TRA Exchange (in shares)																5,240,760		(5,240,760)
TRA Exchange	(14,064,000)				20,028,000						(34,092,000)
Deconsolidation		$ (509,000)	$ (1,370,000)						$ (306,000)	$ (823,000)		$ (203,000)	$ (547,000)
Ending balance (in shares) at Jun. 30, 2024															72,167,195	72,167,195	47,978,953	47,978,953
Ending balance at Jun. 30, 2024	$ 923,521,000				549,998,000		(170,172,000)	6,942,000			383,304,000					$ 7,000		$ 0
Beginning balance (in shares) at Mar. 31, 2024	115,000
Beginning balance at Mar. 31, 2024	$ 115,093,000
Mezzanine Equity
Issuance of preferred shares (in shares)	35,000
Issuance of preferred shares, net of issuance costs	$ 31,642,000
Preferred share dividend	$ 6,707,000
Ending balance (in shares) at Jun. 30, 2024	150,000
Ending balance at Jun. 30, 2024	$ 153,442,000
Beginning balance (in shares) at Mar. 31, 2024																71,064,411		48,265,195
Beginning balance at Mar. 31, 2024	898,343,000				553,717,000		(164,178,000)	6,299,000			387,405,000					$ 7,000		$ 0
Shareholders’ Equity
Net income (loss)	(8,959,000)						(5,994,000)				(2,965,000)
Currency translation adjustment	1,060,000							778,000			282,000
Other comprehensive income (loss)	299,000							179,000			120,000
Payment for partner's tax	(1,853,000)				(1,853,000)
Preferred share dividend	0				(6,707,000)
Issuance of shares for business combination, including adjustments	1,634,000				1,634,000
Share based compensation	6,450,000				6,450,000
Shares issued to employees on vesting of equity awards (in shares)																816,542
Shares issued to employees on vesting of equity awards	0				0
TRA Exchange (in shares)																286,242		(286,242)
TRA Exchange	(4,586,000)				(3,243,000)						(1,343,000)
Deconsolidation		$ (509,000)							$ (306,000)			$ (203,000)
LXi deconsolidation			$ 0							$ (8,000)			$ 8,000
Ending balance (in shares) at Jun. 30, 2024															72,167,195	72,167,195	47,978,953	47,978,953
Ending balance at Jun. 30, 2024	$ 923,521,000				$ 549,998,000		$ (170,172,000)	$ 6,942,000			$ 383,304,000					$ 7,000		$ 0

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net income (loss)	$ 12,786,000	$ (62,160,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	6,380,000	8,172,000
Amortization of debt discounts and deferred financing costs	841,000	(2,816,000)
Unrealized (gain) loss on investments	2,923,000	170,000
Realized (gain) loss on investments	(10,619,000)	0
Impairment loss on goodwill and intangible assets	695,000	29,393,000
Gain (loss) on TRA	(6,322,000)	2,092,000
(Income) loss on equity method investments	1,046,000	1,654,000
Fair value of warrant liability	(69,000)	12,866,000
Fair value of earn-out liability	(37,509,000)	(36,877,000)
Deferred income tax (benefit) expense	(8,027,000)	(16,392,000)
Equity-settled share-based payments	9,074,000	33,100,000
Unrealized foreign currency (gains)/losses	16,000	1,189,000
(Gain) loss from retirement of debt	0	(73,000)
Fair value of interest rate swap	0	33,000
Cash flows due to changes in operating assets and liabilities
Fees receivable	39,485,000	8,476,000
Other assets	(11,376,000)	(4,366,000)
Operating cash flow from operating leases	2,052,000	555,000
Accounts payable and accrued expenses	(16,013,000)	(22,485,000)
Accrued compensation and profit sharing	(31,607,000)	(10,056,000)
Other liabilities	468,000	(9,090,000)
Other operating activities	14,000	(31,000)
Net cash provided by (used in) operating activities	(45,656,000)	(66,529,000)
Cash Flows from Investing Activities
Cash payment for acquisition of TWMH and TIG historical equity	0	(99,999,000)
Receipt of payments of notes receivable from members	283,000	216,000
Cash receipts from the repayment of advances and loans	0	302,000
Purchases of investments	(74,000)	(15,435,000)
Cash payment for delayed share purchase agreement	(1,818,000)	0
Payment of Payout Right	0	(760,000)
Acquisition of ALWP, net of cash acquired	0	(14,430,000)
Acquisition of East End Advisors, LLC, net of cash acquired	(69,014,000)	0
Acquisition of Pointwise Holdings Limited, net of cash acquired	(1,467,000)	0
Sales of investments	825,000	1,812,000
Proceeds from sale of FOS	16,683,000	0
Proceeds from sale of LXi REIT Advisors	32,202,000	0
Purchases of fixed assets	(1,274,000)	(254,000)
Net cash provided by (used in) investing activities	(23,654,000)	(128,548,000)
Cash Flows from Financing Activities
Proceeds from issuance of preferred stock and warrants	150,000,000	0
Member contribution (distribution)	(5,534,000)	(5,305,000)
Payments on term notes and lines of credit	(53,612,000)	(141,950,000)
Borrowings on term notes and lines of credit	32,258,000	188,660,000
Payments of debt issuance costs	(1,519,000)	0
Tax payments related to vesting of RSUs	(4,037,000)	0
Tax payments on behalf of umbrella partners	(270,000)	0
Increase (decrease) in distributions due to former TIG members	0	(13,355,000)
Cash payment for purchase of shares to be transferred as part of Alvarium share compensation	0	(4,215,000)
Cash receipts from exercise of Warrants	0	5,836,000
Payment of preferred stock issuance costs	(4,307,000)	0
Cash payment of earn-in liability	(754,000)	0
Other financing activities	0	1,000
Net cash provided by (used in) financing activities	112,225,000	29,672,000
Effect of exchange rate changes on cash	(1,177,000)	(1,527,000)
Net increase (decrease) in cash	41,738,000	(166,932,000)
Cash and cash equivalents at beginning of the period	18,246,000	194,037,000
Cash and cash equivalents at end of the period	59,984,000	27,105,000
Reconciliation of balance sheet cash and cash equivalents to cash flows:
Cash and cash equivalents on balance sheet	59,984,000	24,106,000
Cash and cash equivalents included in Assets held for sale (Note 3)	0	2,999,000
Cash and cash equivalents, including cash in Assets held for sale	59,984,000	27,105,000
Supplemental Disclosure of Cash Flow Information
Income taxes	843,000	842,000
Interest payments on term notes and lines of credit	8,703,000	4,086,000
Shareholder Loan
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Forgiveness of debt shareholder loan	$ 106,000	$ 117,000

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business AlTi Global, Inc. is a global wealth management firm, with a diverse array of investment, advisory, and administrative capabilities. The Company manages or advises approximately $71.9 billion in combined assets as of June 30, 2024. The Company provides holistic solutions for wealth management clients through a full spectrum of wealth management services, including discretionary investment management services, non-discretionary investment advisory services, trust services, administration services, and family office services. It also structures, arranges, and provides a network of investors with co-investment opportunities in a variety of alternative assets which are either managed intra-group or by carefully selected managers in the relevant asset class. Business Combination The Registrant was initially incorporated in the Cayman Islands as Cartesian Growth Capital, a special purpose acquisition company. In anticipation of the Business Combination: • The holders of the equity of the TIG Entities contributed their TWMH and TIG equity to Umbrella making TWMH and the TIG wholly owned subsidiaries of Umbrella. • Alvarium reorganized such that it became the wholly owned indirect subsidiary of AlTi Global Topco. • Cartesian SPAC formed Umbrella Merger Sub. Pursuant to the Business Combination on January 3, 2023: • The Registrant was redomiciled as a Delaware corporation and changed its name to Alvarium Tiedemann Holdings, Inc. Effective April 19, 2023, Alvarium Tiedemann Holdings, Inc. changed its name to AlTi Global, Inc. • The Registrant acquired all the outstanding share capital of AlTi Global Topco. • Umbrella Merger Sub, LLC merged into Umbrella with AlTi Global Capital, LLC, formerly known as Alvarium Tiedemann Capital, LLC, as the surviving entity. • The Company acquired 51% of the equity interests of Umbrella, while the existing TWMH and TIG rollover shareholders hold a 49% economic interest in Umbrella. Umbrella holds 100% of the equity interests of TWMH, TIG, and Alvarium. • Through a series of intercompany transactions, AlTi was restructured to reflect the below: Capital Structure The Registrant has the following classes of shares and other instruments outstanding: • Class A Common Stock – Shares of Class A Common Stock that are publicly traded. Class A shareholders are entitled to dividends on shares of Class A Common Stock declared by the Company’s board of directors. As of June 30, 2024, the shares of Class A Common Stock represent 55.6% of the total voting power of all shares of Common Stock. • Class B Common Stock – Shares of Class B Common Stock that are not publicly traded. Class B shareholders are entitled to distributions declared by the Company’s board of directors. The distributions are paid by Umbrella. As of June 30, 2024, the shares of Class B Common Stock represent 36.9% of the total voting power of all shares of Common Stock. • Prior to the Business Combination, the Company issued Warrants to purchase shares of Class A Common Stock at a price of $11.50 per share. Throughout the period from January 1, 2023 to March 31, 2023, 428,626 Warrants were exercised. On April 3, 2023, 78,864 Warrants were exercised. On June 7, 2023, the Company closed an offer and consent solicitation and entered into a warrant amendment, pursuant to which the remaining 19,892,387 Warrants were exchanged for 4,962,147 shares of Class A Common Stock. The exercises and exchanges throughout the period from January 1, 2023 to June 30, 2023 resulted in an increase in Additional paid-in-capital amount of $29.5 million. As of June 30, 2024, none of such Warrants were outstanding. • Series C Cumulative Convertible Preferred Stock (the “Series C Preferred Stock”) – Shares of Series C Preferred Stock that are not publicly traded and issued in connection with the sale (the “Transaction”) to CWC AlTi Investor LLC, an affiliate of Constellation Wealth Capital, LLC (“Constellation”) (combined with the Transaction, the “Constellation Transaction”). The Series C Preferred Stock will receive cumulative, compounding dividends at a rate of 9.75% per year, subject to annual adjustments based on the stock price of the Class A Common Stock during the fourth quarter of each applicable year (subject to a maximum rate of 9.75%) on the sum of (i) $1,000 per share plus, (ii) once compounded, any compounded dividends thereon ($1,000 per share plus accumulated compounded dividends and accrued but unpaid dividends through any date of determination). Dividends will be paid (at the option of the Company) as a payment in kind increase in the stated value of the issued shares of Series C Preferred Stock or in cash. The Series C Preferred Stock will also participate with any dividends or distributions declared on the Class A Common Stock. As of June 30, 2024, the shares of Series C Preferred Stock represent 7.5% of the total voting power of all shares. • In connection with the Constellation Transaction, the Company issued warrants (the “Constellation Warrants”) to purchase 2,000,000 shares of the Company’s Class A Common Stock at an exercise price of $7.40 per share. These warrants have been classified as a liability as of June 30, 2024. No Constellation Warrants were exercised during the current reporting period. The following table presents the number of shares of the Registrant that were outstanding as of June 30, 2024 and December 31, 2023: As of June 30, As of December 31, Class A Common Stock 72,167,195 65,110,875 Class B Common Stock 47,978,953 53,219,713 Series C Preferred Stock 150,000 — Segments Our business is organized into two operating segments: Wealth Management and Strategic Alternatives. Described below are the segments and the revenue generated by each, which broadly fall into three categories: recurring management, advisory, or administration fees; performance or incentive fees; and transaction fees. Subsequent to June 30, 2024, management has commenced a strategic review of certain businesses within the currently defined Strategic Alternatives segment. This review, which is expected to be completed by the end of the third quarter of 2024, will consider, among other things, potential changes to our legal entity structure as well as the components included within the operating segments outlined below. Refer to Note 21 (Subsequent Events) for further details. Wealth Management Within our Wealth Management segment, services provided principally consist of investment management and advisory services, trusts and administrative services, and family office services. The wealth management client base includes high-net-worth individuals, families, single family offices, foundations, and endowments globally. Investment management or advisory fees are the primary source of revenue in our Wealth Management segment. These fees are generally calculated based on a percentage of the value of each client’s billable AUM or AUA (as applicable). As of June 30, 2024 and December 31, 2023, this segment had $55.9 billion and $51.0 billion, respectively, in AUA. Investment Management and Advisory Services In our investment management and advisory services teams, we diversify our clients’ portfolios across risk factors, geographies, traditional asset classes such as money markets, equities and fixed income, and alternative asset classes including private equity, private debt, hedge funds, real estate, and other assets through highly experienced third-party managers. Trusts and Administration Services The trust and administration services that we provide include entity formation and management, creating or modifying trust instruments and/or administrative practices to meet beneficiary needs, full corporate, trustee-executor, and fiduciary services. We also offer a provision of directors and company secretarial services, administering entity ownership of intellectual property rights, advice and administration services in connection with investments in marine and aviation assets, and administering entity ownership of fine art and collectibles. Family Office Services Family office services are tailored outsourced family office solutions and administrative services which we provide primarily to our larger clients. These services include bookkeeping and back-office services, private foundation management and grantmaking, oversight of trust administration, financial tracking and reporting, cash flow management and bill pay, and other financial services. Strategic Alternatives Strategic alternatives services include the alternatives platform and public and private real estate (including co-investment) businesses. Alternatives Platform The alternatives platform embodies our legacy TIG business, which is an alternative asset manager and includes our TIG Arbitrage strategy and funds managed by our External Strategic Managers, predominantly for institutional investors. The TIG Arbitrage strategy is an event-driven strategy fund that earns management fees and incentive fees based on the performance of its underlying funds and accounts. The investment strategies of the External Strategic Managers include Real Estate Bridge Lending, European Equities and Asian Credit and Special Situations. Distributions are received from the External Strategic Managers through profit or revenue sharing arrangements that are generated through management and incentive fees based on the performance of the underlying investments. As of June 30, 2024 and December 31, 2023, this platform had $7.3 billion and $7.6 billion, respectively, in AUA. Real Estate Co-Investment Real estate co-investment oversees deal origination, documentation, and structuring from inception to exit for a variety of strategies, including development, income, value-add, and planning. Investors are typically HNWIs, single family offices, and institutional investors. Fees earned include private market, incentive fees, management and advisory fees, and placement and brokerage fees. Real Estate Fund Management Fees from our real estate fund management business are earned from management and advisory services. As of June 30, 2024 and December 31, 2023, this business had approximately $8.6 billion and $12.7 billion, respectively, in AUA. Prior to the first quarter of 2024, our real estate fund management business managed two funds based in the United Kingdom, LXi, a publicly traded real estate investment trust, and HLIF, a private fund. As described further below, during 2024 we exited the management of the publicly traded real estate fund and we are in the process of exiting the management of the private real estate fund. On January 9, 2024, AlTi RE Public Markets Limited entered into heads of terms to sell 100% of the equity of LXi REIT Advisors Limited (“LRA”), the advisor to the publicly-traded fund LXi REIT plc (“LXi”), to LondonMetric Property Plc (“LondonMetric”) for fixed consideration of approximately $33.1 million and up to an estimated $5.1 million of contingent consideration based on the exchange rate as of the balance sheet date, as applicable. The contingent consideration meets the definition of a derivative and is recorded as Contingent consideration receivable on the Condensed Consolidated Statement of Financial Position as of June 30, 2024. This contingent consideration will be remeasured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with changes in fair value recognized in the Condensed Consolidated Statement of Operations in the period of change. This disposal was completed on March 6, 2024. As a result, the Company recognized an intangible asset impairment charge of $23.5 million, which is recorded in Impairment loss on goodwill and intangible assets in the Consolidated Statement of Operations during the year ended December 31, 2023. In addition, as of December 31, 2023, the major classes of assets and liabilities of LRA were presented as held for sale in the Consolidated Statement of Financial Position. As of the six months ended June 30, 2024, there was no gain on disposal recognized in Gain (loss) on investments in the Condensed Consolidated Statement of Operations. See Note 3 (Business Combinations and Divestitures) for further information. On February 26, 2024, AFM UK and SHIA served notice to terminate their contracts with HLIF. We are in discussions with a third-party manager to take over the management of HLIF and termination of these contracts will become effective once the transition process has been completed. Subsequent to the end of the second quarter of 2024, management has commenced a strategic review of the business plan for Real Estate Co-investment and Fund Management activities. This review will consider, among other things, potential changes to our legal entity structure as well as the components included within our operating segments. Refer to Note 21 (Subsequent Events) for further details. Alvarium Home REIT Advisors Limited Prior to the Business Combination, ARE, an indirect wholly owned subsidiary of Alvarium, entered into an agreement to sell 100% of the equity of AHRA, the investment advisor to the publicly-traded fund Home REIT, to a newly formed entity (“NewCo”) owned by the management of AHRA, for aggregate consideration approximately equal to $29 million. Consequently, AHRA has never been part of AlTi. The consideration was comprised of a promissory note that matured on December 31, 2023. Additionally, ARE was granted a call option pursuant to which ARE had the right to repurchase AHRA prior to the repayment of the note for a purchase price equal to the note balance then outstanding thereunder. Subsidiaries are companies over which a company has the power indirectly and/or directly to control the financial and operating policies so as to obtain benefits. In assessing control for accounting purposes, potential voting rights that are presently exercisable or convertible (including rights that may arise on the exercise of an option) are taken into account. With respect to the AHRA, the above arrangements resulted in AHRA continuing to be consolidated by AlTi after its legal disposal to NewCo. Due to this consolidation, after the Business Combination, an intangible asset was recognized related to the investment advisory agreement between AHRA and Home REIT. AlTi was formed on January 3, 2023, through a business combination transaction that included certain legacy Alvarium companies. While the sale of AHRA occurred prior to the Business Combination, under GAAP, its results were required to be consolidated in our financial statements until June 30, 2023, when it was deconsolidated. On June 30, 2023, the Company entered into a series of agreements that resulted in the deconsolidation of AHRA from the Strategic Alternatives segment with immediate effect. The agreements removed ARE’s potential controlling voting rights in AHRA (previously ascertainable on the exercise of the option) and terminated other residual contractual relationships between AHRA and ARE. As a result, these agreements removed AlTi’s control of AHRA from an accounting perspective. AHRA’s results are included in the Company’s Condensed Consolidated Statement of Operations for the period from January 1, 2023 to June 30, 2023, and it was removed from the Consolidated Statement of Financial Position as of June 30, 2023. The deconsolidation resulted in an intangible asset impairment charge of $29.4 million, which was recorded in Impairment loss on goodwill and intangible assets in the Condensed Consolidated Statement of Operations during the year ended December 31, 2023. Assets managed by AHRA, however, have been excluded from the Company’s AUM/AUA metrics since January 1, 2023.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies (a) Basis of Presentation The accompanying unaudited condensed consolidated financial statements comprise the financial statements of the Company and its subsidiaries. These condensed consolidated financial statements have been prepared under the accrual basis of accounting in accordance with U.S. GAAP and conform to prevailing practices within the financial services industry, as applicable to the Company, and should be read in conjunction with the annual financial statements included in the Annual Report on Form 10-K filed by the Company on March 22, 2024 (as amended by the Company on Form 10-K/A filed with the SEC on April 5, 2024, the “Annual Report”). The notes are an integral part of the Company’s condensed consolidated financial statements. In the opinion of management, all adjustments necessary for a fair presentation of the Company’s condensed consolidated financial statements have been included and are of a normal and recurring nature. The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Certain prior period presentations and disclosures, while not required to be recast, may be reclassified to ensure comparability with current period classifications. (b) Prior Period Immaterial Corrections Following an analysis of quantitative and qualitative factors in accordance with SEC Staff Accounting Bulletin 99, Materiality , the Company concluded that the errors below were immaterial to the previously issued consolidated financial statements, and thus, no restatement of any of the Company’s previously issued financial statements is necessary. The Company revised the reported balances to correct for the immaterial errors accordingly. During the first quarter of 2024, the Company identified and corrected immaterial errors impacting the December 31, 2023 balances previously reported related to Accrued compensation and profit sharing, Goodwill, Accounts payable and accrued expenses and certain other balances reported within Other liabilities. These revisions resulted in an adjustment to the opening retained earnings balance for the current reporting period of $(3.0) million, a $4.2 million increase in Accrued compensation and profit sharing, a $0.3 million decrease in Goodwill, a $0.6 million increase in Other liabilities, and a $0.3 million increase in Accounts payable and accrued expenses. In conjunction with the prior period immaterial error correction, certain reclassifications have been made to prior period amounts between our Non-controlling interest in subsidiaries and Additional paid-in capital which relate to the TRA Exchange of our Class B Units for shares of Class A Common Stock. These reclassifications resulted in an adjustment of $13.3 million and are reflected in our Condensed Consolidated Statement of Changes in Mezzanine Equity and Shareholders’ Equity. These prior period reclassifications have no impact on the Company’s cash flows, net income, or total shareholders’ equity. Additionally, in the current reporting period, the Company reclassified the balances in its Condensed Consolidated Statement of Operations as of June 30, 2023 of the previously reported amounts for the line items Management/advisory fees and Professional fees, decreasing both balances by $0.6 million. (c) Reclassifications Certain amounts as of June 30, 2024 have been reclassified in our Condensed Consolidated Financial Position due to presentation changes that occurred during the current period and are not comparable to the year ended December 31, 2023. The impact of these reclassifications includes a $4.8 million reclass from Accounts payable and accrued expenses to Accrued compensation and profit sharing and a $3.2 million reclass from Other liabilities to Accrued compensation and profit sharing. (d) Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make assumptions and estimates that affect the amounts reported in the condensed consolidated financial statements of the Company. The most critical of these estimates are related to (i) the fair value of the investments included in the Billable Assets within AUM/AUA, as this impacts the amount of revenues the Company recognizes each period; (ii) the fair values of the Company’s investments and liabilities with respect to the TRA, and Earn-out Securities, as changes in these fair values have a direct impact on the Company’s consolidated net income (loss); (iii) the estimate of future taxable income, which impacts the realizability and carrying amount of the Company’s deferred income tax assets; (iv) the qualitative and quantitative assessments of whether impairments of equity method investments, carried interest vehicles, acquired intangible assets, and goodwill exist; and (v) the determination of whether to consolidate a variable interest entity (“VIE”); and (vi) fair value of assets acquired and liabilities assumed in business combinations, including assumptions with respect to future cash inflows and outflows, discount rates, assets’ useful lives, market multiples, the allocation of purchase price consideration in the business combination valuation of acquired assets and liabilities, the estimated useful lives of intangible assets, goodwill impairment testing, assumptions used to calculate equity-based compensation, and the realization of deferred tax assets. Inherent in such estimates are judgments relating to future cash flows, which include the Company’s interpretation of current economic indicators and market valuations, and assumptions about the Company’s strategic plans with regard to its operations. While management believes that the estimates utilized in preparing the condensed consolidated financial statements are reasonable and prudent, actual results could differ materially from those estimates. (e) Consolidation The Company consolidates those entities in which it has a direct or indirect controlling financial interest based on either a variable interest model or voting interest model. The Company determines whether an entity should be consolidated by first evaluating whether it holds a variable interest in the entity. Entities that are not VIEs are further evaluated for consolidation under the voting interest model (“VOE” model). An entity is considered to be a VIE if any of the following conditions exist: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, (b) the holders of equity investment at risk, as a group, lack either the direct or indirect ability through voting rights or similar rights to make decisions that have a significant effect on the success of the entity or the obligation to absorb the expected losses or right to receive the expected residual returns, or (c) the voting rights of some equity investors are disproportionate to their obligation to absorb losses of the entity, their rights to receive returns from an entity, or both and substantially all of the entity’s activities either involve or are conducted on behalf of an investor with disproportionately few voting rights. Fees that are customary and commensurate with the level of services provided by the Company, and where the Company does not hold other economic interests in the entity that would absorb more than an insignificant amount of the expected losses or returns of the entity, are not considered a variable interest. The Company factors in all economic interests, including proportionate interests through related parties, to determine if fees are considered a variable interest. Where the Company’s interests in funds are primarily management fees and insignificant direct or indirect equity interests through related parties, the Company is not considered to have a variable interest in such entities. The Company consolidates all VIEs for which it is the primary beneficiary. An entity is determined to be the primary beneficiary if it holds a controlling financial interest, which is defined as having (a) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company does not consolidate any of the products it manages as it does not hold any direct or indirect interests in such entities that could expose the Company to an obligation to absorb losses of an entity or the right to receive benefits from an entity that could potentially be significant to such entities. The Company determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and continuously reconsiders that conclusion. In evaluating whether the Company is the primary beneficiary, the Company evaluates its direct and indirect economic interests in the entity. The consolidation analysis is generally performed qualitatively, however, if the primary beneficiary is not readily determinable, a quantitative analysis may also be performed. This analysis requires judgment, including: (1) determining whether the equity investment at risk is sufficient to permit the entity to finance its activities without additional subordinated financial support, (2) evaluating whether the equity holders, as a group, can make decisions that have a significant effect on the success of the entity, (3) determining whether two or more parties’ equity interests should be aggregated, (4) determining whether the equity investors have proportionate voting rights to their obligations to absorb losses or rights to receive returns from an entity and (5) evaluating the nature of relationships and activities of the parties involved in determining which party within a related-party group is most closely associated with a VIE and therefore would be deemed the primary beneficiary. Under the voting interest model, the Company consolidates those entities it controls through a majority voting interest. The Company will generally not consolidate those voting interest entities where a single investor or simple majority of third-party investors with equity have the ability to exercise substantive kick-out or participation rights. (f) Revenue Recognition Revenue is recognized when the Company transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. A five-step framework is utilized that requires an entity to: (i) identify the contract(s) with a customer, which includes assessing the collectability of the consideration to which it will be entitled in exchange for the goods or services transferred to the customer, (ii) identify the performance obligation in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligation in the contract, and (v) recognize revenue when the entity satisfies a performance obligation. Management/Advisory Fees Revenues from contracts with customers consist of investment management, trustee, and custody fees. The Company recognizes revenue at the time of transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. Revenue recognized is calculated based on contractual terms, including the transaction price, whether a distinct performance obligation has been satisfied and control is transferred to the customer, and when collection of the revenue is assessed as probable. Investment management, trustee and custody fees are recognized over the period in which the investment management services are performed, using a time-based output method to measure progress. The amount of revenue varies from one reporting period to another as levels of AUA change (from inflows, outflows, and market movements) and the number of days in the reporting period change. For services provided to each client account, the Company charges an investment management fee, inclusive of custody and/or trustee fees, based on the fair value of the AUA of such account representing a single performance obligation. For assets for which valuations are not available on a daily basis, the most recent valuation provided to the Company is used as the fair value for the purpose of calculating the quarterly fee. In certain circumstances, fixed fees are charged to customers on a monthly basis. The nature of the Company’s performance obligation is to provide a series of distinct services in which the customer receives the benefits of the services over time. The Company’s performance obligation is satisfied at the end of each month or quarter, as applicable to the contract with the customer. Fees are charged on a mixture of methodologies that include quarterly in arrears based upon the market value at the end of the quarter, quarterly based on the average daily balance, or monthly. Receivable balances from contracts with customers are included in the fees receivable line in the Condensed Consolidated Statement of Financial Position. Our family office services business is also included in the Management/advisory fees line item. Family office services fees are generally structured to reflect an annual agreed upon fee or they can be structured on a project/time-based fee. Family office services fees are typically billed quarterly in arrears. We also generate family office services project/time-based fees arising from accounting, administration fees, set up, the Foreign Account Tax Compliance Act (“FATCA”), and other non-investment advisory services. Incentive Fees The Company is entitled to incentive fees if targeted returns have been achieved in accordance with customer contracts. Incentive fees are calculated using a percentage of net profit from the amount the customers earn. Incentive fees are variable consideration that is generally calculated as applicable to the contract with the customer. We recognize our incentive fees when it is no longer probable that a significant reversal of revenue will occur. Our incentive fees are not subject to clawback provisions. Other Fees/Income The Company generates arrangement fees in its co-investment division by arranging private debt or equity financing, generally in connection with an acquisition or an investment. Arrangement fees are typically 50 to 100 basis points of equity value contributed to a transaction, and are payable upon closing of the transaction. Acquisition fees are typically payable where there are no agency fees or where there is an off-market transaction sourced by the team. Such acquisition fees are usually in the range of 50 to 100 basis points of the purchase price of the relevant acquisition. The equity structures are long-term ( five other entity entitled to fees in respect of each of our co-investments receives such fees either monthly, quarterly or annually. (g) Distributions from Investments The Company has equity interests in three entities pursuant to which it is entitled to distributions based on the terms of the respective arrangements. Distributions from each investment will be recorded upon receipt of the distribution. These distributions are recurring under investment agreements and are structured as either a profit or revenue share of the investment’s management and incentive fees. (h) Cash and Cash Equivalents Cash and cash equivalents primarily consist of cash and money market funds. Cash balances maintained by consolidated VIEs are not considered legally restricted and are included in cash and cash equivalents on the Condensed Consolidated Statement of Financial Position. Cash was held across our U.S. and international markets. A majority of cash in the U.S. was held in checking accounts within the credit facility bank group, including at a major global financial institution which management believes is creditworthy. (i) Restricted Cash and Cash Equivalents Restricted cash and cash equivalents consist of balances that are restricted as to withdrawal or usage. As of June 30, 2024 and December 31, 2023, restricted cash and cash equivalents amounted to $6.8 million and $5.4 million, respectively, and are included in the line item Cash and cash equivalents on the Condensed Consolidated Statement of Financial Position and Consolidated Statement of Financial Position, respectively. These amounts represent the level of liquidity to be maintained by the Company’s certain subsidiaries to meet regulatory requirements. Failing to meet the requirement could lead to censure, fines and ultimately a loss of license. (j) Compensation and Employee Benefits Cash-Based Compensation Compensation and benefits consist of salaries, bonuses, commissions, benefits and payroll taxes. Compensation is accrued over the related service period. Equity-Based Compensation Equity-based compensation awards are reviewed to determine whether such awards are equity-classified or liability-classified. Compensation expense related to equity-classified awards is equal to their grant-date fair value and generally recognized on a straight-line basis over the awards’ requisite service period for time-based awards or recognized over a graded-vesting period for awards with both a service and market condition, as applicable. When certain settlement features require an award to be liability-classified, compensation expense is recognized over the service period, and such amount is adjusted at each statement of financial position date through the settlement date to the then current fair value of such award. The Company recognizes equity-based award forfeitures in the period they occur as a reversal of previously recognized compensation expense. The reduction in compensation expense is determined based on the specific awards forfeited during that period. Furthermore, the Company recognizes all excess tax benefits and deficiencies as income tax benefits or expenses in the Condensed Consolidated Statement of Operations. (k) Foreign Currency and Transactions The Company has multiple functional currencies across various consolidated entities. All functional currencies that are not the U.S. dollar are converted upon consolidation at the reporting date. Monetary assets and liabilities denominated in foreign currency are remeasured into U.S. dollars at the closing rates of exchange on the date of the Condensed Consolidated Statement of Financial Position. Non-monetary assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars using the historical exchange rate. The profit or loss arising from foreign currency transactions is remeasured using the rate in effect on the date of the relevant transaction. Gains and losses on transactions denominated in foreign currencies due to changes in exchange rates are recorded within Foreign currency translation adjustments. Gains and losses on certain financing transactions that the Company intends to repay in the foreseeable future are recorded in net income. (l) Income Taxes The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. Under this method, deferred tax assets and liabilities are determined based on differences between the condensed consolidated financial statement carrying amounts and tax bases of assets and liabilities and operating loss and tax credit carryforwards and are measured using the enacted tax rates that are expected to be in effect when the differences reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Condensed Consolidated Statement of Operations in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to an amount that, in the opinion of management, is more likely than not to be realized, meaning the likelihood of realization is greater than 50%. The Company accounts for uncertain tax positions by reporting a liability for unrecognizable tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. (m) Other Assets, Net and Other Liabilities, Net Other assets, net include prepaid expenses, miscellaneous receivables, current income taxes receivable, fixed assets, and software licenses. The Company amortizes assets over their respective useful lives, as applicable. Other liabilities, net include the AlTi Wealth Management (Switzerland) SA, formerly known as Alvarium Investment Managers (Suisse) SA, (“AWMS”) deferred cash consideration (see Note 3 (Business Combinations and Divestitures)), accrued payroll and payroll related taxes, accrued legal fees, and corporate taxes payable, among other miscellaneous payables. (n) Investments Investments in Debt Securities. The Company classifies debt investments as held-to-maturity or trading based on the Company’s intent and ability to hold the debt security to maturity or its intent to sell the security. The Company does not have any held-to-maturity debt investments. Trading securities are those investments that are purchased principally for the purpose of selling them in the near term. Trading securities are carried at fair value on the Condensed Consolidated Statement of Financial Position with changes in fair value recorded in Loss on investments on the Condensed Consolidated Statement of Operations. Investments in Equity Securities . Equity securities are generally carried at fair value on the Condensed Consolidated Statement of Financial Position in accordance with ASC 321, Investments – Equity Securities . Changes in fair value are recorded in Loss on investments on the Condensed Consolidated Statement of Operations. Equity Method . The Company applies the equity method of accounting for equity investments where the Company does not consolidate the investee but can exert significant influence over the financial and operating policies of the investee. The evaluation of whether the Company exerts control or significant influence over the financial and operational policies of its investees is based on the facts and circumstances surrounding each individual investment. The Company’s share of the investee’s underlying net income or loss is recorded as Loss on investments within current period earnings. The Company’s share of net income of the investee is recorded based upon the most current information available at the time, which may precede the date of the Condensed Consolidated Statement of Financial Position. Due to the nature and size of its investees, the Company has adopted a lag in reporting for certain equity method investees for which the Company cannot reliably obtain financial information on a regular basis. Distributions received reduce the Company’s carrying value of the investee and the cost basis if deemed to be a return of capital. For certain investments, the Company may apply the alternative fair value option to the investment at initial measurement. The fair value measurement of investments in which the fair value option is elected will be measured in accordance with ASC 825. For equity method investments and nonmarketable investments, impairment evaluation considers qualitative factors, including the financial conditions and specific events related to an investee, which may indicate the fair value of the investment is less than the carrying value. For held-to-maturity investments, impairment is evaluated using market values, when available, or the expected cash flows of the investment. These losses in value may be considered other than temporary impairment losses. (o) Leases The Company determines if an arrangement is a lease at inception of the arrangement and primarily enters into operating leases, as the lessee, for office space. The Company accounts for its leases in accordance with ASC 842, Leases, and recognizes a lease liability and right-of-use asset in the Condensed Consolidated Statement of Financial Position for contracts that it determines are leases or contain a lease. The Company evaluates leases at their inception to determine if they are to be accounted for as an operating lease or a finance lease. A lease is accounted for as a finance lease if it meets one of the following five criteria: (i) the lease has a purchase option that is reasonably certain of being exercised, (ii) the present value of the future cash flows is substantially all of the fair market value of the underlying asset, (iii) the lease term is for a significant portion of the remaining economic life of the underlying asset, (iv) the title to the underlying asset transfers at the end of the lease term, or (v) if the underlying asset is of such a specialized nature that it is expected to have no alternative uses to the lessor at the end of the term. Leases that do not meet the finance lease criteria are accounted for as an operating lease. At the inception of a finance lease, an asset and finance lease obligation are recorded at an amount equal to the lesser of the present value of the minimum lease payments and the property’s fair market value. Finance lease obligations are classified as either current or long-term based on the due dates of future lease payments, net of interest. The Company’s lease portfolio primarily consists of operating leases for office space in various countries around the world. The Company also has operating leases for office equipment and vehicles, which are not significant. The Company does not separate non-lease components from lease components for its office space and equipment operating leases and instead accounts for each separate lease component and its associated non-lease component as a single lease component. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. The Company’s right-of-use assets and lease liabilities are recognized at lease commencement based on the present value of lease payments over the lease term. Lease right-of-use assets include initial direct costs incurred by the Company and are presented net of deferred rent and lease incentives. Absent an implicit interest rate in the lease, the Company uses its incremental borrowing rate, adjusted for the effects of collateralization, based on the information available at commencement in determining the present value of lease payments. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise those options. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Lease right-of-use assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Company does not recognize a lease liability or right-of-use asset on the balance for short-term leases. Instead, the Company recognizes short-term lease payments as an expense on a straight-line basis over the lease term. A short-term lease is defined as a lease that, at the commencement date, has a lease term of 12 months or less and does not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise. When determining whether a lease qualifies as a short-term lease, the Company evaluates the lease term and the purchase option in the same manner as all other leases. (p) Intangible Assets Other Than Goodwill, Net The Company recognized certain finite-lived intangible assets as a result of the Business Combination. The Company’s finite-lived intangible assets consist of Trade Names, Customer Relationships, Investment Management Agreements, and Backlog. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company tests finite-lived intangible assets for impairment if certain events occur or circumstances change indicating that the carrying amount of the intangible asset may not be recoverable. The Company evaluates impairment by comparing the estimated fair value attributable to the intangible asset with its carrying amount. If an impairment exists, the Company adjusts the carrying value to equal the fair value by taking a charge through earnings. The Company also recognized certain indefinite-lived intangible assets as a result of the Business Combination consisting of certain investment management agreements. These indefinite-lived intangibles are not subject to amortization, but are evaluated for impairment at least annually. In assessing its indefinite-lived intangible assets for impairment, the Company has the option to first perform a qualitative assessment to determine whether events or circumstances exist that lead to a determination that it is unlikely that the fair value of the indefinite-lived intangible asset is less than its carrying amount. If the Company determines that it is unlikely that the fair value of an indefinite-lived intangible asset is less than its carrying amount, the Company is not required to perform any additional tests in assessing the asset for impairment. However, if the Company concludes otherwise or elects not to perform the qualitative assessment, then it is required to perform a quantitative analysis to determine if the fair value of an indefinite-lived intangible asset is less than its carrying value. If through this quantitative analysis the Company determines the fair value of an indefinite-lived intangible asset exceeds its carrying amount, the indefinite-lived intangible asset is considered not to be impaired. If the Company concludes that the fair value of an indefinite-lived intangible asset is less than its carrying value, an impairment loss will be recognized for the amount by which the carrying amount exceeds the indefinite-lived intangible asset’s fair value. During the three and six months ended June 30, 2024, the Company recognized intangible asset impairment charges of $0.7 million. As of December 31, 2023, the Company recognized intangible asset impairment charges of $52.9 million. See Note 10 (Intangible assets, net) for further detail. (q) Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of the tangible and intangible assets acquired and the liabilities assumed. Under ASC 350, Intangibles—Goodwill and Other , goodwill is not amortized, but rather is subject to an annual impairment test. Goodwill represents the excess of consideration over identifiable net assets of an acquired business. Goodwill is allocated at a reporting unit level. The Company has two reporting units, Strategic Alternatives and Wealth Management, and tests goodwill annually for impairment at each reporting unit. If, after assessing qualitative factors, the Company believes that it is more likely than not that the fair value of the reporting unit inclusive of goodwill is less than its carrying amount, the Company will perform a quantitative assessment to determine whether an impairment exists. If an impairment exists, the Company adjusts the carrying value of goodwill so that the carrying value of the reporting unit is equal to its fair value by taking a charge through earnings. The Company also tests goodwill for impairment in other periods if an event occurs or circumstances change such that it is more-likely-than-not to reduce the fair value of the reporting unit below its carrying amount. The Company concluded that the estimated fair value of the Strategic Alternatives and Wealth Management reporting units were greater than their carrying values, and as such, no impairment charges were required for the three and six months ended June 30, 2024. As of December 31, 2023, the Company recognized goodwill impairment charges of $153.9 million for the Strategic Alternatives segment and no goodwill impairment charges for the Wealth Management segment. See Note 13 (Goodwill, net). (r) Fixed Assets, Net Fixed assets are recorded at cost, less accumulated depreciation and amortization, and are included in the “Other assets” line item in the Company’s Condensed Consolidated Statement of Financial Position. Fixed assets are depreciated or amortized on a straight-line basis, with the corresponding depreciation and amorti

Business Combinations and Dives

Business Combinations and Divestitures	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations and Divestitures	Business Combinations and Divestitures AlTi Global Business Combination On January 3, 2023, the Company entered into the Business Combination described in Note 1 (Description of the Business). The primary purpose of the Business Combination was to combine established high-growth companies that can benefit from access to capital and public markets and continue value-creation by management. The Business Combination is a forward merger and is accounted for using the acquisition method of accounting. The Company is the accounting acquirer and Umbrella, including the Target Companies, is the accounting acquiree. The Company has been determined to be the accounting acquirer because Umbrella meets the definition of a VIE, and the Company is the primary beneficiary of Umbrella. ASC 805 requires the primary beneficiary of a VIE to be identified as the accounting acquirer. The Company is the primary beneficiary because it controls all activities of Umbrella, and the non-managing members of Umbrella do not have substantive kick-out or participating rights. The Business Combination met the requirements to be considered a business combination under ASC 805. The assets and liabilities acquired from the Target Companies, affected for adjustments to reflect fair market values assigned to assets purchased and liabilities assumed, and results of operations, are included in the Company’s condensed consolidated financial statements from the date of acquisition. The Company has allocated the purchase price to the tangible and identifiable intangible assets based on their estimated fair market values at the acquisition date as required under ASC 805. The excess of the purchase price over the fair value of the net identifiable tangible and intangible assets was recorded as goodwill and is deductible for tax purposes. The Business Combination resulted in the Company acquiring 51% of the equity interests of Umbrella which holds 100% of the equity interests of Alvarium, TWMH, and TIG. The remainder of Umbrella is held by the historical equity holders of TWMH and TIG through their ownership of Class B Units, which are presented as non-controlling interest on the Company’s Condensed Consolidated Statement of Financial Position. As a result of the Business Combination, Umbrella, which represents substantially all of the economic activity of the Company, became a subsidiary of the Company. Since the Company is the sole managing member of Umbrella following the Business Combination, the Class B Units held by the former equity holders of TWMH and TIG are classified as non-controlling interests in the Company’s financial statements. An allocation of net income or loss representing the percentage of ownership of Umbrella not controlled by the Company will be attributed to the non-controlling interests in the Company’s Condensed Consolidated Statement of Operations. Each Class B Unit of Umbrella is paired with a share of Class B Common Stock (collectively, the “Paired Interests”). Pursuant to the Umbrella LLC Agreement, a Paired Interest is exchangeable at any time after the lock-up period for a share of Class A Common Stock on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the holder exchanges the Paired Interests pursuant to the Umbrella LLC Agreement, the shares of Class B Common Stock included in the Paired Interests will automatically be canceled and the Class B Common Units included in the Paired Interests shall be automatically transferred to the Company and converted into and become an equal number of Class A Common Units in Umbrella. Alternatively, if approved by the disinterested members of the board of directors of the Company, such Class B Common Stock can be settled in cash funded from the proceeds of a private sale or a public offering of Class A Common Stock. The Sponsor, in connection with the initial public offering prior to the Business Combination, purchased 8,625,000 shares of Class B Common Stock (the “Founder Shares”) for $25,000 (approximately $0.03 per share). These shares had no value until the Business Combination completed. At this point, the Founder Shares automatically converted into Class A Common Stock. This conversion was solely contingent upon the completion of the Business Combination and did not include any future service requirements. As such, this cost of 8,625,000 shares at $10.33 per share for $89.1 million will be presented “on the line” and is not reflected in the financial statements presented. “On the line” describes those expenses triggered by the consummation of a business combination that are not recognized in the Condensed Consolidated Statement of Operations as they are not directly attributable to either period but instead were contingent on the Business Combination. As part of the Business Combination, the Company incurred $17.8 million of acquisition-related costs which are included predominantly in the “Professional fees” line in the Condensed Consolidated Statement of Operations. In addition, the Company incurred $4.6 million of debt issuance costs related to debt issued to finance the Business Combination. Of the total debt issuance costs, $1.8 million is related to the Term Loan and drawn amount of the Revolver and is recorded as an offset to the “Debt, net of unamortized deferred financing cost” line item of the Condensed Consolidated Statement of Financial Position. $2.8 million of the debt issuance costs related to the undrawn amount of the Revolver were recorded in the “Other assets” line item of the Condensed Consolidated Statement of Financial Position. The Business Combination was accounted for using the acquisition method of accounting, and the fair value of the total purchase consideration transferred was $1,071.1 million. Included in total purchase consideration is contingent consideration of $85.1 million, which is payable to the selling shareholders upon achievement of certain volume-weighted average price targets for the shares of Class A Common Stock or upon a change of control of the Company occurring between the Closing Date and the fifth anniversary of the Closing Date. The contingent consideration was measured at fair value at the acquisition date and recorded as a liability in the Earn-out liability line of the Condensed Consolidated Statement of Financial Position. See Note 2 (Summary of Significant Accounting Policies) for additional information. (Dollars in Thousands) Amount Cash consideration $ 99,999 Equity consideration: Class A $ 294,159 Class B $ 573,205 Warrants $ 4,896 Earn-out consideration $ 85,097 Tax Receivable Agreement $ 13,000 Payment of assumed liabilities $ 760 Total purchase consideration transferred $ 1,071,116 The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the Business Combination: (Dollars in Thousands) Business Cash and cash equivalents $ 24,023 Management/advisory fees receivable 42,381 Investments at fair value 148,674 Equity method investments 42,185 Property, plant and equipment 3,996 Intangible assets 520,161 Goodwill 530,546 Operating lease right-of-use assets 28,487 Other assets 47,251 Total Assets Acquired $ 1,387,704 Accounts payable and accrued expenses 72,022 Accrued compensation and profit sharing 25,051 Accrued member distributions payable 12,803 Delayed share purchase agreement 1,818 Earn-in consideration payable 1,519 Operating lease liabilities 29,047 Debt 124,533 Deferred tax liability, net 34,640 Other liabilities 15,149 Total Liabilities Assumed $ 316,582 Total Assets Acquired and Liabilities Assumed 1,071,122 Non-controlling interest in subsidiaries (6) $ 1,071,116 Fair Value of Net Assets Acquired and Intangibles With the exception of operating right-of-use assets and operating lease liabilities accounted for under Topic 842, in accordance with Accounting Standards Codification, or ASC 805, the assets and liabilities were recorded at their respective fair values as of January 1, 2023. The Company developed the fair value of intangible assets, which include trade names, customer relationships, investment management agreements, developed technology and backlog, using various techniques including discounted cash flow, relief from royalty, multi-period excess earnings, and a Monte Carlo simulation approach. The Company developed the fair value of equity method investments using various techniques including discounted cash flow and a guideline public company approach. The investments at fair value and earn-in consideration are carried at fair value and no adjustment was made. For all other major assets and liabilities acquired, the Company determined that book value approximated fair value. Goodwill is comprised of expected synergies for the combined operations and the assembled workforce acquired in the Business Combination, which does not qualify as a separately recognized intangible asset. Goodwill is allocated between the two reporting segments: Wealth Management and Strategic Alternatives. The goodwill allocation between wealth management and strategic alternatives is $298.1 million and $232.4 million, respectively. Below is a summary of the intangible assets acquired in the Business Combination (in thousands): (Dollars in Thousands) Acquisition Date Estimated Life Trade Names $ 14,695 9.9 Customer Relationships 163,392 27.1 Investment Management Agreements (definite life) 94,575 18.4 Investment Management Agreements (indefinite life) 245,900 Indefinite Developed Technology 1,000 5 Backlog 599 0.5 Total intangible assets acquired $ 520,161 The intangible assets acquired and subject to amortization have a weighted average useful life of 23.0 years. Acquisition of AlTi Wealth Management (Singapore) Pte Limited On April 6, 2023, (the “ALWP Acquisition Date”), the Company acquired all of the issued and outstanding ownership and membership interests of AlTi Wealth Management (Singapore) Pte Limited (“ALWP”) pursuant to the terms of the share purchase agreement between the Company and ALWP (the “ALWP Acquisition”). The primary purpose of the ALWP Acquisition is to acquire ALWP’s extensive business within Southeast Asia to further expand the Company’s global operations. The ALWP Acquisition met the requirements to be considered a business combination under ASC 805. The assets and liabilities acquired from ALWP, affected for preliminary adjustments to reflect the fair market values assigned to assets purchased and liabilities assumed, and results of operations, are included in the Company’s condensed consolidated financial statements from the ALWP Acquisition Date. The Company has allocated the purchase price to the tangible and identifiable intangible assets and liabilities assumed based on their estimated fair market values at the ALWP Acquisition Date as required under ASC 805. The ALWP Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $15.5 million, with the total amount paid in cash. The Company will make second and third payments to the sellers of ALWP on the third and fifth anniversary of the ALWP Acquisition Date, respectively. Management has determined that these payments will be treated as future compensation expense in the Company’s Condensed Consolidated Statement of Operations. There is no contingent consideration as part of the ALWP Acquisition. During the year ended December 31, 2023, the Company incurred $0.4 million of direct acquisition-related expenses, which are recognized in the Professional fees line item of the Condensed Consolidated Statement of Operations. The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the ALWP Acquisition: (Dollars in Thousands) ALWP Acquisition Date Fair Value Cash and cash equivalents $ 1,092 Management/advisory fees receivable 1,952 Property, plant and equipment 644 Intangible assets 12,300 Goodwill 3,836 Operating lease right-of-use assets 1,048 Other assets 474 Total Assets Acquired 21,346 Accounts payable and accrued expenses 368 Operating lease liabilities 1,048 Other liabilities 4,400 Total Liabilities Assumed $ 5,816 Total Assets Acquired and Liabilities Assumed $ 15,530 Fair Value of Net Assets Acquired and Intangibles Goodwill is comprised of expected synergies for the combined operations, including employees acquired in a business combination. The total amount of goodwill arising in the transaction was allocated to the Company’s Wealth Management segment. The components of goodwill do not qualify as a separately recognized intangible asset. The Company will test for impairment annually to determine changes in goodwill at the Wealth Management reporting unit. Below is a summary of the intangible assets acquired in the ALWP Acquisition: (Dollars in Thousands) ALWP Acquisition Date Fair Value Estimated Life (Years) Customer Relationships $ 12,300 10 Total Intangible Assets $ 12,300 The fair value for customer relationships was determined using the multi-period excess earnings method. The intangible assets are subject to amortization over a useful life of 10 years. The results of operations for the ALWP Acquisition have been included in the Company’s condensed consolidated financial statements from the date of ALWP Acquisition. Acquisition of AlTi Wealth Management (Switzerland) SA The AWMS Acquisition met the requirements to be considered a business combination under ASC 805. The assets and liabilities acquired from AWMS, affected for preliminary adjustments to reflect the fair market values assigned to assets purchased and liabilities assumed, and results of operations, are included in the Company’s condensed consolidated financial statements from the AWMS Acquisition Date. The Company has allocated the purchase price to the tangible and identifiable intangible assets and liabilities assumed based on their estimated fair market values at the AWMS Acquisition Date as required under ASC 805. The AWMS Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $16.8 million. The total purchase consideration transferred includes cash consideration, equity consideration, deferred cash consideration, earn-out consideration, and the payment of assumed liabilities. The total purchase consideration includes the following amounts: (Dollars in Thousands) AWMS Amount Initial Cash consideration $ 5,711 Equity consideration 1,459 Deferred cash consideration 6,695 Earn-out consideration 2,721 Payment of assumed liabilities 168 Total purchase consideration transferred $ 16,754 The deferred cash consideration is payable no later than September 30, 2024 and the earn-out consideration is payable no later than December 31, 2024. At the AWMS Acquisition Date, as required by ASC 805, the Company’s existing 30% equity interest in AWMS, which was previously recognized as an equity method investment, was revalued to reflect the fair value at this date. The fair value of this existing equity method investment was $7.4 million, which was calculated as 30% of the fair value of AWMS total equity value (determined using the discounted cash flow method of the income approach, less debt), excluding the impact of any synergies or control premium that would be realized by a controlling interest. This change in fair value resulted in a gain of $1.9 million, which was recognized during the year ended December 31, 2023 in the Gain (loss) on investments line of the Consolidated Statement of Operations. The Company incurred $0.01 million of direct acquisition-related expenses, which are recognized in the Professional fees line item of the Condensed Consolidated Statement of Operations. The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the AWMS business combination: (Dollars in Thousands) AWMS Acquisition Date Fair Value Cash and cash equivalents $ 1,401 Management/advisory fees receivable 1,057 Equity method investments 57 Intangible assets 9,679 Goodwill 15,146 Operating lease right-of-use assets 298 Other assets 323 Total Assets Acquired 27,961 Accounts payable and accrued expenses 784 Operating lease liabilities 298 Other liabilities 2,944 Total Liabilities Assumed $ 4,026 Total Assets Acquired and Liabilities Assumed $ 23,935 The purchase price allocation is preliminary and subject to change during the measurement period, which is not to exceed one year from the AWMS Acquisition Date. At this time, the Company does not expect any material adjustments to the above allocations. When the valuation is final, changes to the valuation of acquired assets and liabilities could result in adjustments to identified intangibles and goodwill. Fair Value of Net Assets Acquired and Intangibles Goodwill is comprised of expected synergies for the combined operations, including employees acquired in a business combination. The total amount of goodwill arising in the transaction was allocated to the Company’s Wealth Management segment. The components of goodwill do not qualify as a separately recognized intangible asset. The Company will test for impairment annually to determine changes in goodwill at the Wealth Management reporting unit. The Company will also test goodwill for impairment in other periods if an event occurs or circumstances change that may indicate impairment. Below is a summary of the intangible assets acquired in the AIMS business combination: (Dollars in Thousands) AWMS Acquisition Date Fair Value Estimated Life (Years) Customer Relationships $ 9,679 14 Total Intangible Assets $ 9,679 The fair value for customer relationships was determined using the multi-period excess earnings method. The intangible assets are subject to amortization over a useful life of 14 years. The results of operations for the AWMS Acquisition have been included in the Company’s condensed consolidated financial statements from the AWMS Acquisition Date. Prior to the AWMS Acquisition Date, the results of AWMS were included as a 30% held equity method investment. Acquisition of East End Advisors, LLC The Company completed the EEA Acquisition on April 3, 2024. The EEA Acquisition met the requirements to be considered a business combination under ASC 805. The assets and liabilities acquired from EEA, affected for preliminary adjustments to reflect the fair market values assigned to assets purchased and liabilities assumed, and results of operations, are included in the Company’s condensed consolidated financial statements from the EEA Acquisition Date. The Company has allocated the purchase price to the tangible and identifiable intangible assets and liabilities assumed based on their estimated fair market values at the EEA Acquisition Date as required under ASC 805. The EEA Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $93.1 million. Included in the total purchase consideration is estimated contingent consideration of $23.3 million, for which the Company may be required to make additional cash payments contingent on the future EBITDA performance targets between the closing date and the fifth anniversary of the closing date. The contingent consideration was measured at fair value at the acquisition date and recorded within the Earn-out liability line item in the Condensed Consolidated Statement of Financial Position. (Dollars in Thousands) Amount Cash consideration $ 69,013 Contingent consideration installments 23,308 Payment of assumed liabilities 793 Total purchase consideration transferred $ 93,114 The Company incurred $1.3 million of direct acquisition-related expenses, which are recognized in the Professional fees line item of the Condensed Consolidated Statement of Operations. The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the EEA Acquisition: (Dollars in Thousands) EEA Acquisition Date Fair Value Cash and cash equivalents $ 218 Management/advisory fees receivable 12 Intangible assets 67,300 Goodwill 25,494 Operating lease right-of-use assets 2,326 Other assets 1,181 Total Assets Acquired 96,531 Accounts payable and accrued expenses 79 Operating lease liabilities 2,326 Other liabilities 1,012 Total Liabilities Assumed $ 3,417 Total Assets Acquired and Liabilities Assumed $ 93,114 The purchase price allocation is preliminary and subject to change during the measurement period, which is not to exceed one year from the EEA Acquisition Date. When the valuation is final, changes to the valuation of acquired assets and liabilities could result in adjustments to identified intangibles and goodwill. Fair Value of Net Assets Acquired and Intangibles With the exception of operating right-of-use assets and operating lease liabilities accounted for under ASC 842, in accordance with ASC 805, the assets and liabilities were recorded at their respective fair values as of April 1, 2024. The Company developed the fair value of intangible assets, which includes trade names, customer relationships and developed technology, using various techniques including relief of royalty, excess earnings method, and a discounted cash flow approach. For all other major assets and liabilities acquired, the Company determined that book value approximated fair value. Goodwill is comprised of expected synergies for the combined operations and the assembled workforce acquired in the Business Combination, which does not qualify as a separately recognized intangible asset. Below is a summary of the intangible assets acquired in the EEA Acquisition: (Dollars in Thousands) EEA Acquisition Date Fair Value Estimated Life (Years) Trade Name $ 1,400 5 Customer Relationships $ 65,600 17 Developed Technology $ 300 5 Total Intangible Assets $ 67,300 The results of operations for EEA have been included in the Company’s condensed consolidated financial statements from the EEA Acquisition Date. Acquisition of Pointwise Partners Limited On May 9, 2024 (the “PW Acquisition Date”), the Company acquired the remaining 50% of the issued and outstanding ownership and membership interest of Pointwise Partners Limited (“PW”), increasing its interest from 50% to 100% (the “PW Acquisition”). The PW Acquisition met the requirements to be considered a business combination under ASC 805. The assets and liabilities acquired from PW, affected for preliminary adjustments to reflect the fair market values assigned to assets purchased and liabilities assumed, and results of operations, are included in the Company’s condensed consolidated financial statements from the PW Acquisition Date. The Company has allocated the purchase price to the tangible and identifiable intangible assets and liabilities assumed based on their estimated fair market values at the PW Acquisition Date as required under ASC 805. The PW Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration was $8.0 million. The total purchase consideration transferred includes cash consideration, equity consideration, estimated deferred consideration, and the settlement of pre-existing relationships as summarized below: (Dollars in Thousands) PW Amount Initial Cash consideration $ 1,735 Equity consideration 1,705 Deferred consideration 3,328 Settlement of pre-existing relationships 1,186 Total purchase consideration transferred $ 7,954 The estimated deferred consideration is payable in cash and equity and is due for payment no later than March 1, 2025. At the PW Acquisition Date, as required by ASC 805, the Company’s existing 50% equity in PW, which was previously recognized as an equity method investment, was revalued to reflect the fair value at this date. The fair value of this existing equity method investment was $6.2 million, which was calculated as 50% of the fair value of PW total equity value, excluding the impact of any synergies or control premium that would be realized by a controlling interest. The change in fair value has resulted in a gain of $4.4 million being recognized. This gain has been recognized in the Gain (loss) on investments line of the Condensed Consolidated Statement of Operations. The following table sets forth the fair values of the assets acquired, and liabilities assumed in connection with the PW business combination: (Dollars in Thousands) PW Acquisition Date Cash and cash equivalents $ 269 Intangible assets 9,700 Goodwill 6,747 Other assets 20 Total Assets Acquired 16,736 Accounts payable and accrued expenses 589 Other liabilities 292 Deferred tax liability 1,749 Total Liabilities Assumed $ 2,630 Total Assets Acquired and Liabilities Assumed $ 14,106 The purchase price allocation is preliminary and subject to change during the measurement period, which is not to exceed one year from the PW Acquisition Date. When the valuation is final, changes to the valuation of acquired assets and liabilities could result in adjustments to identified intangibles and goodwill. Fair Value of Net Assets Acquired and Intangibles Goodwill is comprised of expected synergies of the combined operations, including employees acquired in a business combination. The total amount of goodwill arising in the transaction was allocated to the Company’s Wealth Management segment. The components of goodwill do not qualify as a separately recognized intangible asset. The Company will test for impairment in other periods if an event occurs or circumstances change that may indicate impairment. Below is a summary of the intangible assets acquired in the PW business combination: (Dollars in Thousands) PW Acquisition Date Fair Value Estimated Life (Years) Customer Relationships $ 9,700 14 Total Intangible Assets $ 9,700 The fair value of customer relationships was determined using the multi-period excess earnings method. The intangible assets are subject to amortization over a useful life of 14 years. The results of the PW Acquisition have been included in the Company’s condensed consolidated financial statements from the PW Acquisition Date. Prior to the PW Acquisition Date, the results of PW were included as a 50% held equity method investment. Supplemental Pro Forma Financial Information (Unaudited) The results of operations for the AWMS acquisition for the three and six months ended June 30, 2024, the EEA and PW acquisitions for the three months ended June 30, 2024, along with the ALWP acquisition for the three and six months ended June 30, 2024 and for the three months ended June 30, 2023, respectively, do not require pro forma disclosure as the results have been included in our unaudited condensed consolidated statement of operations. The following selected unaudited supplemental pro forma financial information is a summary of our combined results for the six months ended June 30, 2024 and three and six months ended June 30, 2023 with EEA and PW, for the three and six months ended June 30, 2023 with AWMS, and for the six months ended June 30, 2023 with ALWP, respectively. The unaudited supplemental pro forma financial information gives effect to the acquisitions as if they had occurred on January 1, 2023. The unaudited pro forma financial information presented below is for informational purposes only, and is not necessarily indicative of the results that would have been achieved if the AWMS, ALWP, EEA, and PW acquisitions had taken place on January 1, 2023, nor is it indicative of future results. For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Total revenue $ 49,453 $ 57,194 $ 105,160 $ 119,194 Net income (loss) $ (8,959) $ 28,160 $ 12,319 $ (62,747) Deconsolidation of Alvarium Home REIT Advisors Ltd AlTi was formed on January 3, 2023, through a business combination transaction that included certain legacy Alvarium companies. While the sale of AHRA occurred prior to the Business Combination, under GAAP, its results were required to be consolidated in our financial statements until June 30, 2023, when it was deconsolidated. On June 30, 2023, the Company entered into a series of agreements that resulted in the deconsolidation of AHRA from the Strategic Alternatives segment with immediate effect. The agreements removed ARE’s potential controlling voting rights in AHRA (previously ascertainable on the exercise of the option), and terminated other residual contractual relationships between AHRA and ARE. As a result, these agreements removed AlTi’s control of AHRA from an accounting perspective. AHRA’s results are included in the Company’s Condensed Consolidated Statement of Operations for the period from January 3, 2023 to June 30, 2023, and its accounts were removed from the Condensed Consolidated Statement of Financial Position as of June 30, 2023. The deconsolidation resulted in an intangible asset impairment charge of $29.4 million, which was recorded in Impairment loss on goodwill and intangible assets in the Condensed Consolidated Statement of Operations during the year ended December 31, 2023. Assets managed by AHRA, however, have been excluded from the Company’s AUM/AUA metrics since January 1, 2023. Disposal of LRA On January 9, 2024, AlTi RE Public Markets Limited entered into heads of terms to sell 100% of the equity of LRA, the advisor to the publicly-traded fund LXi, to LondonMetric for fixed consideration of approximately $33.1 million and up to an estimated $5.1 million of contingent consideration based on the exchange rate as of the balance sheet date, as applicable. The contingent consideration meets the definition of a derivative and is recorded as Contingent consideration receivable on the Condensed Consolidated Statement of Financial Position as of June 30, 2024. This contingent consideration will be remeasured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with changes in fair value recognized in the Condensed Consolidated Statement of Operations in the period of change. The disposal was completed on March 6, 2024. As a result, the Company has recognized an intangible asset impairment charge of $23.5 million, which is recorded in Impairment loss on goodwill and intangible assets in the Consolidated Statement of Operations during the year ended December 31, 2023. In addition, as of December 31, 2023, the major classes of assets and liabilities of LRA were presented as held for sale in the Consolidated Statement of Financial Position. As of the six months ended June 30, 2024, there was no gain on disposal recognized in Gain (loss) on investments in the Condensed Consolidated Statement of Operations. Disposal of FOS On November 6, 2023, the Company entered into an agreement to sell FOS, the European-based trust and private office service which was part of the Company’s Wealth Management segment, for a cash consideration of approximately $20.1 million. The transaction was completed on May 8, 2024. This disposal does not represent a strategic shift that will have a major impact on the Company’s operations, and as such, is not classified as a discontinued operation. As of December 31, 2023, the major classes of assets and liabilities of FOS were presented as held for sale in the Consolidated Statement of Financial Position. During the quarter ended June 30, 2024, a gain on disposal of $9.4 million was recognized in Gain (loss) on investments in the Condensed Consolidated Statement of Operations. Assets Held for Sale The carrying amounts of the major classes of assets and liabilities of FOS and LRA were presented as held for sale in the Consolidated Statement of Financial Position at December 31, 2023. As of the six months ended June 30, 2024, no assets or liabilities were classified as held for sale. The following table represents amounts presented as held for sale for the periods presented: As of (in thousands) December 31, 2023 Assets Cash and cash equivalents $ 2,897 Fees receivable, net 4,792 Intangible assets, net of accumulated amortization 46,658 Operating lease right-of-use assets 434 Deferred tax asset, net 41 Other assets 1,812 Total assets held for sale $ 56,634 Liabilities Accounts payable and accrued expenses $ (1,007) Operating lease liabilities (381) Deferred tax liability, net (10,852) Deferred income (781) Other liabilities (772) Total liabilities held for sale $ (13,792)

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following table represents the Company’s revenue disaggregated by fee type for the periods presented below: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Management/advisory fees $ 47,029 $ 46,844 $ 93,253 $ 93,314 Incentive fees 53 469 216 1,046 Distributions from investments 2,240 2,203 6,410 12,233 Other fees/income 131 1,769 386 2,739 Total Income $ 49,453 $ 51,285 $ 100,265 $ 109,332 (Dollars in Thousands) As of June 30, 2024 As of December 31, 2023 Management/advisory fees receivable Beginning balance $ 29,539 $ 30,698 Ending balance (1) 32,069 29,539 Incentive fees receivable Beginning balance $ 40,356 $ 7,570 Ending balance (2) 209 40,356 Other fees/income receivable Beginning balance $ 526 $ 4,112 Ending balance 103 526 Deferred management/advisory fees Beginning balance $ (66) $ (945) Ending balance (221) (66) Deferred other fees/income Beginning balance $ — $ (422) Ending balance — — (1) As of June 30, 2024 and December 31, 2023, this amount includes $0.8 million and $1.2 million, respectively, in Management/advisory fees receivable due from related parties. See Note 16 (Related Party Transactions) for further details. (2) As of June 30, 2024 and December 31, 2023, this amount includes $0.0 million and $14.9 million, respectively, in Incentive fees receivable due from related parties. See Note 16 (Related Party Transactions) for further details.

Equity-Based Compensation and E

Equity-Based Compensation and Earn-in Expenses	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation and Earn-in Expenses	Equity-Based Compensation and Earn-in Expenses The Company grants equity-based compensation awards in the form of restricted share units (“RSUs”) or performance restricted share units (“PRSUs”) for Class A Common Stock to its management, employees, consultants, and independent members of the board of directors under its 2023 Stock Incentive Plan (the “Plan”). The total number of shares of Class A Common Stock that may be issued under the Plan is 11,788,132, of which 735,147 remain available as of June 30, 2024. To the extent that an award expires or is canceled, forfeited, terminated, surrendered, exchanged or withheld to cover tax withholding obligations, the unissued awards will again be available for grant under the Plan. The Company recognizes equity-based compensation expenses at the Company’s stock price as of the grant date. As of June 30, 2024, the Company has an unrecognized equity-based compensation expense of $30.4 million, which is expected to be recognized over a weighted average period of 2.32 years. The following table summarizes the equity-based compensation award activity for the six months ended June 30, 2024, and June 30, 2023: June 30, 2024 June 30, 2023 Number of Awards Weighted Average Grant Date Fair Value Number of Awards Weighted Average Grant Date Fair Value Restricted common stock Restricted common stock awards outstanding at beginning of period 4,797,464 $ 4.64 — $ — Restricted common stock granted 4,078,237 5.20 7,395,306 6.40 Restricted common stock forfeited (356,918) 4.45 (80,095) 4.35 Restricted common stock vested (1,823,811) 4.99 (2,534,202) 9.99 Restricted common stock awards outstanding at end of period 6,694,972 $ 4.90 4,781,009 $ 4.53 The following table summarizes the equity-based compensation recognized, which is included in Compensation and employee benefits in the Condensed Consolidated Statement of Operations, during the three and six months ended June 30, 2024, and June 30, 2023: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 RSUs $ 2,136 $ 1,515 $ 5,093 $ 31,060 PRSUs 466 — 466 — Earn-in expense 1,079 1,061 3,045 2,074 Revenue share 152 — 364 — Deferred compensation 1,156 — 2,375 — Total $ 4,989 $ 2,576 $ 11,343 $ 33,134 RSUs In connection with the Business Combination, certain of TWMH’s restricted units vested and the Company granted fully vested shares to Alvarium’s employees, resulting in compensation expense of $4.2 million and $24.6 million, respectively, during both the three and six months ended June 30, 2023. The $24.6 million consisted of $21.0 million related to the acceleration of 2.1 million of earn-out shares at closing and $3.6 million for 360,485 shares related to another transaction completed in contemplation of and for the benefit of the acquirer under Topic 805. None of these stock awards were outstanding after the Business Combination. Upon completion of the Business Combination, the Company issued 60,800 shares of Class A Common Stock to employees of the Company. These awards vested in full immediately and had a fair value of $10.00 per share, resulting in compensation expense of $0.6 million for both the three and six months ended June 30, 2023. On March 23, 2023, in connection with the Business Combination, the Company granted 65,554 RSUs to its board of directors, which vested over an approximate nine-month period and had a fair value of $12.56 per share. On March 1, 2024, the Company granted 138,564 RSUs to its board of directors, which vest over a four-month period and had a fair value of $5.87 per share. On June 26, 2024, the Company granted 123,732 RSUs to its board of directors, which vest over a twelve-month period and had a grant date fair value of $4.98 per share. These grants resulted in compensation expense of $0.6 million and $0.8 million for the three and six months ended June 30, 2024, respectively. On May 31, 2023, the Company granted 4,697,317 RSUs to its employees, which, vest over a three-year period and had a fair value of $4.35 per share. On June 5, 2024, the Company granted 2,219,661 RSUs to its employees, which vest over a three-year period and had a fair value of $4.78 per share. These grants resulted in compensation expense of $1.4 million and $1.5 million for the three months ended June 30, 2024 and June 30, 2023, respectively, and $3.4 million and $1.5 million for the six months ended June 30, 2024 and June 30, 2023, respectively. Since the initial grant date of these awards, 539,545 shares have been forfeited. On various dates throughout 2023, the Company granted 111,148 and 118,987 RSUs to employees, representative of buy-out equity awards as restricted units, vesting generally over a one PRSUs The Company grants PRSUs to selected members of AlTi’s executive team. Vesting of the PRSUs is based on meeting certain market conditions and the requisite service period. The PRSUs are eligible to vest on a graded basis at the end of each of three On June 5, 2024, the Company granted 1,567,125 PRSUs to participants and used a Monte Carlo simulation model to determine the average grant date fair value of $5.76 per share. Compensation expense associated with the PRSUs will be recognized over the longer of the expected achievement period for the service or market condition. These grants resulted in compensation expense of $0.5 million for both the three and six months ended June 30, 2024. Earn-Ins In connection with TWMH’s historical acquisition of Holbein Partners, LLP (“Holbein”), certain employees of Holbein are entitled to receive a combination of cash and shares of the Company based on Holbein revenues in 2023 and 2024 (the “Holbein Earn-Ins”). The Holbein Earn-Ins were measured at fair value using estimates of future revenues as of the closing date. The earn-ins are expected to be paid in a combination of 50% cash and 50% in shares of the Company’s Class A Common Stock on the second and third anniversaries of the closing date of January 7, 2022. On July 14, 2023, the Company amended the Holbein purchase agreement related to the Holbein acquisition. The amendment crystallized the contingent earn-in consideration amount by replacing the valuation of the Holbein Earn-Ins consideration of an estimate of future revenue. Additionally, the first payment date and second payment date are agreed as April 1, 2024, and April 1, 2025, respectively, replacing the original share purchase agreement payment dates of ten business days after the second and third anniversary of the acquisition of Holbein. The agreed upon first and second date payments are $7.1 million and $8.9 million, respectively. The selling shareholders remain required to maintain certain service agreements to receive the compensatory Holbein Earn-ins. The amount of shares awarded will be calculated based on the twenty day average volume weighted average price of the Company's Class A Common Stock preceding the first and second payment dates. The Company recognized an expense for the earn-ins of $0.5 million and $1.1 million for the three months ended June 30, 2024, and June 30, 2023, respectively, and $2.5 million and $2.1 million for the six months ended June 30, 2024, and June 30, 2023, respectively. Separate from the compensatory Holbein Earn-Ins, the Holbein acquisition consideration included contingent consideration that was measured at fair value using estimates of future revenues as of the closing date. The acquisition consideration was also amended to crystallize the non-compensatory earn-in amount and follows the same fact pattern as the above-described amendment for the compensatory earn-ins. As of June 30, 2024, and December 31, 2023, this contingent consideration is recorded as a liability of $1.0 million and $1.8 million in the Earn-in consideration payable line of the Condensed Consolidated Statement of Financial Condition and Consolidated Statement of Financial Condition, respectively. In connection with the Company’s acquisition of EEA (see Note 3 Business Combinations and Divestitures), certain employees of EEA are entitled to receive a portion of the contingent consideration comprised of a combination of additional cash and shares of the Company (the “EEA Earn-Ins”) based on the future EBITDA performance targets between the closing date and the fifth anniversary of the closing date, which is April 1, 2024. The portion of the EEA Earn-Ins to be issued in shares was measured at fair value as of the closing date. The Company recognized compensation expense for the estimated shares in relation to the accrual of the EEA Earn-Ins of $0.3 million for both the three and six months ended June 30, 2024. In connection with the Company’s acquisition of PW (see Note 3 Business Combinations and Divestitures), certain employees of PW are entitled to receive additional shares of the Company (the “PW Earn-Ins”). The PW Earn-Ins are payable in equity upon the achievement of certain integration milestones and are due for payment no later than March 1, 2025. The Company recognized compensation expense in relation to the accrual of the PW Earn-Ins of $0.2 million for both the three and six months ended June 30, 2024. Revenue Share During the three and six months ended June 30, 2024, the Company accrued $0.2 million and $0.4 million, respectively, in compensation expense related to various revenue share arrangements to its employees, which is included in Compensation and employee benefits in the Condensed Consolidated Statement of Operations and in Accrued compensation and profit sharing in the Condensed Consolidated Statement of Financial Position. Deferred Compensation Liability

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The computation of the effective tax rate and provision at each interim period requires the use of certain estimates and significant judgment including, but not limited to, the expected operating income for the year, projections of the proportion of income that is subject to tax, permanent differences between the Company’s GAAP earnings and taxable income, and the likelihood of recovering deferred tax assets existing as of the balance sheet date. The estimates used to compute the provision for income taxes may change throughout the year as new events occur, additional information is obtained or as tax laws and regulations change. Accordingly, the effective tax rate for future interim periods may vary materially. The Company is a domestic corporation for U.S. federal income tax purposes and is subject to U.S. federal and state and local corporate-level income taxes on its share of taxable income from the Umbrella Partnership. The Umbrella Partnership is a partnership for U.S. federal income tax purposes and a taxable entity for certain state and local taxes, such as New York City and Connecticut unincorporated business tax (“UBT”). Further, the Company’s income tax provision and related income tax assets and liabilities are based on, among other things, an estimate of the tax implications to both the Company and Umbrella Partnership resulting from exchanges of Warrants and Class B Units for shares of Class A Common Stock. The Company’s estimate is based on the most recent information available. The tax basis and state impact of the Company’s controlling interest in Umbrella Partnership and its underlying assets and liabilities are based on estimates subject to finalization of the Company’s tax returns. The Company had an effective tax rate of 7.8% and (121.8)% for the three months ended June 30, 2024, and June 30, 2023, respectively, and (3.2)% and 14.8% for the six months ended June 30, 2024, and June 30, 2023, respectively. The effective tax rates were calculated using an Annual Effective Tax Rate approach. The book income related to fair value changes to liabilities was excluded from forecasted earnings as these amounts are based on changes in stock price and are unable to be forecasted. The effective tax rates differ from the statutory rate primarily due to the portion of income allocated to noncontrolling interests, the portion of losses incurred primarily in the United Kingdom for which no tax benefit is recognized, and the impact of state and local and non-U.S. taxes. The Company regularly evaluates the realizability of its deferred tax asset and may recognize or adjust any valuation allowance when it is more-likely-than-not that all or a portion of the deferred tax asset may not be realized. As of June 30, 2024, the Company has recorded valuation allowances against a portion of its deferred tax assets generated by its subsidiaries in the United Kingdom. The Company files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the tax years that remain open under the statute of limitations may be subject to examinations by the appropriate tax authorities. As of June 30, 2024, and June 30, 2023, the Company has evaluated its tax filing positions and has not recorded a reserve for unrecognized tax benefits.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures The Company classifies its fair value measurements using a three-tiered fair value hierarchy. The basis of the tiers is dependent upon the various “inputs” used to determine the fair value of the Company’s assets and liabilities. Fair value is considered the value using the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances. The inputs are summarized in the three broad levels listed below: • Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. • Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. Level 3 Valuation Techniques In the absence of observable market prices, the Company values financial instruments using valuation methodologies applied on a consistent basis. For some investments little market activity may exist; management’s determination of fair value is then based on the best information available in the circumstances and may incorporate management’s own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. Financial instruments for which market prices are not observable include: • Business Combination Earn-Out Liability - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future share prices and the implied earn-out payment discounted using the risk-free rate. • TRA Liability - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future taxable income, share prices, and the implied TRA payments discounted using the liability discount rate which is estimated based on the Company’s credit rating. • AWMS Earn-Out Liability - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future revenue and the implied earn out payment discounted using the liability discount rate which is estimated based on the Company’s credit rating. • EEA Earn-Out Liability - The Company’s valuation approach utilized a Discounted Cash Flow approach to determine the fair value using the liability discount rate which is estimated based on the Company’s credit quality. • Earn-In Consideration Payable - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future revenue and the implied earn in payment discounted using the liability discount rate which was estimated based on the credit rating of TWMH. On July 14, 2023, the Company amended the Holbein purchase agreement related to the Holbein acquisition discussed in Note 5 (Equity-Based Compensation and Earn-in Expenses), which crystallized the contingent earn-in consideration amount and discontinued the use of a Level 3 valuation technique. • Investments in External Strategic Managers - The Company utilized a Discounted Cash Flow approach to determine the fair value of the External Strategic Managers. The discount rate selection for each investment was calibrated using the implied internal rate of return as of the original investment date, adjusted for certain market- and company-specific factors. The selected long-term growth rate for each investment was based on long-term GDP growth rates in the geographic locations of the underlying External Strategic Manager, with consideration for general growth in the asset management industry. • Contingent Consideration Receivable - The Company utilized a Monte Carlo simulation to estimate the future share price of the acquirer of LXi, and the implied contingent consideration discounted using the risk-free rate and the acquirer’s estimated credit spread . • Warrant Liabilities - The fair value of the Constellation Warrants is determined based on Level 3 inputs using a Black-Scholes-Merton option pricing model. As of June 30, 2024, the Constellation Warrants amounted to $2.9 million and is included in the line item Warrant liabilities, at fair value of the Condensed Consolidated Statement of Financial Condition. Refer to the valuation methodologies table below for further analysis of Level 3 valuations. The following is a summary categorization, as of June 30, 2024, and December 31, 2023, of the Company’s financial instruments based on the inputs utilized in determining the value of such financial instruments. Investments at fair value as of June 30, 2024, and December 31, 2023 are presented below: As of June 30, 2024 Level 1 Level 2 Level 3 (Dollars in Thousands) Quoted Prices Observable Inputs Unobservable Inputs Total Assets: Mutual funds $ 110 $ — $ — $ 110 Exchange-traded funds 109 — — 109 Investments – External Strategic Managers (1) 6 — 161,139 161,145 Investments – Affiliated Funds (2) — — — 870 Contingent consideration receivable — — 1,834 1,834 Total $ 225 $ — $ 162,973 $ 164,068 Liabilities: Warrant liability $ — $ — $ 2,934 $ 2,934 Earn-out liability — — 49,124 49,124 TRA liability (3) — — 6,911 6,911 Earn-in consideration payable 969 — — 969 Total $ 969 $ — $ 58,969 $ 59,938 (1) The fair value of certain investments within the Company’s Investments - External Strategic Managers are reported on a one-month lag from the fund financial statements due to timing of the information provided by the funds and third-party entities unless information is available on a more timely basis. As a result, any changes in the markets in which our managed funds operate, and the impact market conditions have on underlying asset valuations, may not yet be reflected in reported amounts. (2) Investments in Affiliated Funds are measured at fair value using the net asset value (or its equivalent) practical expedient. The Company's investments in Affiliated Funds represent interests that do not trade in an active market and are valued using the NAV of each investment company as reported and without adjustment. The Company does not have any commitments to the Affiliated Funds and redemptions are permitted on a monthly basis and require 30 days’ notice. The strategies of the Affiliated Funds primarily focus on near-dated, hard catalyst events that typically involve hostile deals, proposals, minority interest buy-ins, leverage buyouts, activism, spin-offs, recapitalizations, and agreed upon deals. The investments held in the Affiliated Funds are primarily highly liquid and marketable securities. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statement of Financial Position. (3) The Company carries a portion of its TRA liability at fair value equal to the expected future payments under the TRA. As of December 31, 2023 Level 1 Level 2 Level 3 (Dollars in Thousands) Quoted Prices Observable Inputs Unobservable Inputs Total Assets: Mutual funds $ 75 $ — $ — $ 75 Exchange-traded funds 108 — — 108 Investments – External Strategic Managers 7 — 164,077 164,084 Investments – Affiliated Funds (1) — — — 1,627 Total $ 190 $ — $ 164,077 $ 165,894 Liabilities: Earn-out liability — — 63,444 63,444 TRA liability (3) — — 13,233 13,233 Earn-in consideration payable $ 1,830 $ — $ — $ 1,830 Total $ 1,830 $ — $ 76,677 $ 78,507 (1) Investments in Affiliated Funds are measured at fair value using the net asset value (or its equivalent) practical expedient. The Company's investments in Affiliated Funds represent interests that do not trade in an active market and are valued using the NAV of each investment company as reported and without adjustment. The Company does not have any commitments to the Affiliated Funds and redemptions are permitted on a monthly basis and require 30 days’ notice. The strategies of the Affiliated Funds primarily focus on near-dated, hard catalyst events that typically involve hostile deals, proposals, minority interest buy-ins, leverage buyouts, activism, spin-offs, recapitalizations, and agreed upon deals. The investments held in the Affiliated Funds are primarily highly liquid and marketable securities. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statement of Financial Position. (2) The Company carries a portion of its TRA liability at fair value based on the expected future payments under the TRA. Reconciliation of Fair Value Measurements Categorized within Level 3 Unrealized gains and losses on the Company’s assets and liabilities carried at fair value on a recurring basis are included within other loss in the Condensed Consolidated Statement of Operations. During the year ended December 31, 2023, there was one transfer from Level 3 to Level 1 of the earn-in consideration payable. The following table sets forth a summary of changes in the fair value of Level 3 measurements as of June 30, 2024 and December 31, 2023: Level 3 Liabilities as of June 30, 2024 (Dollars in Thousands) TRA liability Earn-out AWMS earn-out EEA earn-out liability Warrant liabilities Total Beginning balance $ 13,233 $ 62,380 1,064 — — $ 76,677 Issuances — — — 23,308 3,003 26,311 Settlements — — — — — — Net gains/(losses) (6,322) (38,334) 36 670 (69) (44,019) Transfers out of Level 3 $ — $ — — — — $ — Ending balance $ 6,911 $ 24,046 1,100 23,978 2,934 $ 58,969 Level 3 Liabilities as of December 31, 2023 (Dollars in Thousands) TRA Liability Earn-out AWMS earn-out Earn-in consideration payable Total Beginning balance $ 13,000 $ 91,761 — $ 1,519 $ 106,280 Issuances — — 2,721 — 2,721 Settlements — — — — — Net (gains) losses 233 (29,381) (1,657) 311 (30,494) Transfers out of Level 3 $ — $ — — $ (1,830) $ (1,830) Ending balance $ 13,233 $ 62,380 1,064 $ — $ 76,677 Level 3 Assets as of June 30, 2024 (Dollars in Thousands) Investments – External Strategic Managers Contingent Consideration Receivable Total Beginning balance $ 164,077 $ — $ 164,077 Realized and Unrealized Gains (Losses) (2,938) (101) (3,039) Purchases — 1,935 1,935 Ending balance $ 161,139 $ 1,834 $ 162,973 Level 3 Assets as of December 31, 2023 (Dollars in Thousands) Investments – External Strategic Managers Total Beginning balance $ 146,130 $ 146,130 Realized and Unrealized Gains (Losses) $ 2,580 $ 2,580 Purchases $ 15,367 $ 15,367 Ending balance $ 164,077 $ 164,077 Valuation Methodologies for Fair Value Measurements Categorized within Level 3 as of June 30, 2024 (Dollars in Thousands) Fair Valuation Unobservable Ranges Impact to Valuation from an Increase in Input Level 3 Assets: Investments – External Strategic Managers $ 161,139 Discounted Cash Flow Discount rate 19.0% -29% Lower Long-term growth rate 4.0 % Higher Contingent consideration receivable $ 1,834 Monte Carlo Risk-free rate 4.1 % Higher Volatility 26.2 % Lower Credit spread 0.8 % Lower Level 3 Liabilities: TRA liability $ 6,911 Monte Carlo Volatility 50.0 % Lower Correlation 22.5 % Higher Cost of debt range 14.2% - 15.0% Lower Equity risk premium 6.8% - 14.3% Lower Earn-out liability $ 24,046 Monte Carlo Volatility 50.0 % Higher Risk-free rate 4.5 % Higher AWMS earn-out liability $ 1,100 Monte Carlo Volatility 7.0 % Higher Risk-free rate 0.8 % Higher Revenue Discount Rate 2.5 % Lower Liability Discount Rate 13.6 % Lower EEA earn-out liability $ 23,978 Discounted Cash Flow EBITDA Discount Rate 16.6 % Lower Risk-free rate 4.4 % Lower Credit spread 12.8 % Lower Warrant liabilities $ 2,934 Black-Scholes-Merton model Volatility 39.0 % Higher Risk-free rate 4.4 % Higher Valuation Methodologies for Fair Value Measurements Categorized within Level 3 as of December 31, 2023 (Dollars in Thousands) Fair Valuation Unobservable Ranges Impact to Valuation from an Increase in Input Level 3 Assets: Investments – External Strategic Managers $ 164,077 Discounted Cash Flow Discount rate 21.5% -29.0% Lower Long-term growth rate 4.0 % Higher Level 3 Liabilities: TRA liability $ 13,233 Monte Carlo Volatility 40.0 % Lower Correlation 20.0 % Higher Cost of debt range 4.1% - 5.1% Lower Equity risk premium 7.4% - 13.1% Lower Earn-out liability $ 62,380 Monte Carlo Volatility 40.0 % Higher Risk-free rate 3.9 % Higher AWMS earn-out liability $ 1,064 Monte Carlo Revenue Volatility 14.0 % Higher Risk-free rate 1.1 % Higher Revenue Discount Rate 3.5 % Lower Liability Discount Rate 5.6 % Lower Deferred Payment Liability Discount Rate 5.3 % Lower

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments As of June 30, 2024 and December 31, 2023, the Company had $7.5 million and $14.2 million, of equity method investments recorded within equity method investments on the Condensed Consolidated Statement of Financial Position and Consolidated Statement of Financial Position, respectively. In accordance with US GAAP, certain equity method investees do not account for both their financial assets and liabilities under fair value measures; therefore, the Company’s investment in such equity method investees may not represent fair value.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The Company’s investments include Investments at fair value and Equity method investments. Investments at fair value consist of investments for which the fair value option has been elected. The primary reasons for electing the fair value option are to: • reflect economic events in earnings on a timely basis; • mitigate volatility in earnings from using different measurement attributes; and • address simplification and cost-benefit considerations Such election is irrevocable and is applied on an investment-by-investment basis at initial recognition or at other eligible election dates. Changes in the fair value of such instruments are recognized in Loss on investments in the Condensed Consolidated Statement of Operations. The Cost and Fair Value of Investments as of June 30, 2024 and December 31, 2023 are presented below: As of June 30, 2024 As of December 31, 2023 (Dollars in Thousands) Cost Fair Value Cost Fair Value Investments at Fair Value: Mutual funds $ 124 $ 110 $ 93 $ 75 Exchange-traded funds 100 109 105 108 TIG Arbitrage Associates Master Fund 489 513 482 500 TIG Arbitrage Enhanced Master Fund 179 227 179 231 TIG Arbitrage Enhanced — — 682 776 Arkkan Opportunities Feeder Fund 111 129 111 119 Arkkan Capital Management Limited 20,062 25,352 20,062 24,822 Zebedee Asset Management 68,913 72,280 68,913 69,454 Romspen Investment Corporation (1) 72,523 63,508 72,523 69,802 Other 6 6 7 7 Total Investments at fair value $ 162,507 $ 162,234 $ 163,157 $ 165,894 Equity method investments: Real estate equity method investments $ 5,628 $ 5,628 $ 9,311 $ 9,311 Wealth management - investment advisory $ 99 $ 99 $ 2,505 $ 2,505 Carried interest vehicles $ 1,777 $ 1,777 $ 2,378 $ 2,378 Total Equity method investments 7,504 7,504 14,194 14,194 Total $ 170,011 $ 169,738 $ 177,351 $ 180,088 (1) The fair value of this investment is reported on a one-month lag from the fund financial statements due to timing of the information provided by the fund and third-party entity unless information is available on a more timely basis. As a result, any changes in the markets in which our managed funds operate, and the impact market conditions have on underlying asset valuations, may not yet be reflected in reported amounts. The Company’s Investments at fair value include unrealized gains (losses) and realized gains (losses) in the Condensed Consolidated Statement of Financial Position. The breakdown of unrealized gains (losses) and realized gains (losses) on Investments at fair value for the relevant periods are as follows: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Gains (Losses) on Investments at FV: Realized gains (losses) $ 4 $ 5,685 $ 7 $ — Unrealized gains (losses) 1,734 (1,915) (2,923) 1,864 Total gains (losses) on Investments at fair value $ 1,738 $ 3,770 $ (2,916) $ 1,864

Intangible Assets, net

Intangible Assets, net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net	Intangible Assets, net The following table provides a reconciliation of Intangible assets, net reported on the Condensed Consolidated Statement of Financial Position. As of June 30, 2024 (Dollars in Thousands) Weighted Gross Carrying Amount (2) Impairment Accumulated Net Carrying Intangible assets Amortizing intangible assets Customer relationships 22.8 $ 258,765 $ — $ (12,139) $ 246,626 Investment management agreements 20.6 6,673 (695) (4,619) 1,359 Trade names 9.4 12,478 — (2,115) 10,363 Acquired internally developed software 5.0 1,300 — (315) 985 Other intangible asset 0.0 622 — (622) — Total amortized intangible assets 279,838 (695) (19,810) 259,333 Non-amortized intangible assets (1) Investment management agreements 245,900 — — 245,900 Total intangible assets $ 525,738 $ (695) $ (19,810) $ 505,233 (1) The Company’s non-amortized intangible assets consist of management contracts for open-ended fund products, in which there is no contractual termination date. (2) As of June 30, 2024, gross carrying amounts related to the Company’s intangible assets include additions to intangibles of $77.1 million related to the PW and EEA Acquisitions (see Note 3 Business Combinations and Divestitures) and foreign currency translation differences of $(1.0) million. As of December 31, 2023 (Dollars in Thousands) Weighted Gross Carrying Amount (3) Impairment Disposal Held for Sale Accumulated Net Carrying Intangible assets Amortizing intangible assets Customer relationships 25.3 $ 186,832 $ — $ (254) $ (2,128) $ (7,180) $ 177,270 Investment management agreements (1) 19.6 100,269 (50,283) — (43,299) (4,545) 2,142 Trade names 10 14,945 (2,635) — (1,231) (1,514) 9,565 Acquired internally developed software 5 1,000 — — — (200) 800 Other intangible asset 0 622 — — — (622) — Total amortized intangible assets 303,668 (52,918) (254) (46,658) (14,061) 189,777 Non-amortized intangible assets (2) Investment management agreements 245,900 — — — — 245,900 Total intangible assets $ 549,568 $ (52,918) $ (254) $ (46,658) $ (14,061) $ 435,677 (1) During the year ended December 31, 2023, the Company deconsolidated AHRA (See Note 3 Business Combinations and Divestitures) and as a result, recorded an impairment charge of $29.4 million to the carrying value of AHRA’s investment advisory agreement with Home REIT, which is recorded in the line item Impairment loss on goodwill and intangible assets in the Consolidated Statement of Operations. On January 9th, 2024, AlTi RE Public Markets Limited entered into heads of terms to sell 100% of the equity of LRA, the advisor to the publicly-traded fund LXi, to LondonMetric for fixed consideration of approximately $33.1 million and up to an estimated $5.1 million of contingent consideration based on the exchange rate as of the balance sheet date, as applicable. The contingent consideration meets the definition of a derivative and is recorded as Contingent consideration receivable on the Condensed Consolidated Statement of Financial Position as of June 30, 2024. This contingent consideration will be remeasured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with changes in fair value recognized in the Condensed Consolidated Statement of Operations in the period of change. The disposal completed on March 6, 2024. As a result, during the year ended December 31, 2023, AlTi recognized an intangible asset impairment charge of $23.5 million in Impairment loss on goodwill and intangible assets in the Consolidated Statement of Operations. In addition, as of December 31, 2023, the major classes of assets and liabilities of LRA were presented as held for sale in the Consolidated Statement of Financial Position. As of the six months ended June 30, 2024, there was no gain on disposal recognized in Gain (loss) on investments in the Condensed Consolidated Statement of Operations. (2) The Company’s non-amortized intangible assets consist of management contracts for open-ended fund products, in which there is no contractual termination date. (3) Gross carrying amounts related to the Company’s intangible assets include foreign currency translation differences of $7.4 million as of December 31, 2023. Amortization expense of approximately $3.4 million and $3.3 million for the three months ended June 30, 2024 and June 30, 2023, respectively, and approximately $5.8 million and $7.6 million for the six months ended June 30, 2024 and June 30, 2023, respectively, were recognized. The estimated future amortization for finite-lived intangible assets for each of the next five years and thereafter are as follows: (Dollars in Thousands) As of June 30, 2024 2024 $ 6,901 2025 13,801 2026 13,801 2027 13,801 2028 and beyond 211,029 Total $ 259,333

Other assets, net and Other lia

Other assets, net and Other liabilities, net	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other assets, net and Other liabilities, net	Other assets, net and Other liabilities, net The following table provides a breakdown of Other assets, net reported on the Condensed Consolidated Statement of Financial Position. (Dollars in Thousands) As of June 30, 2024 As of December 31, 2023 Fixed assets, net: Leasehold improvements $ 7,462 $ 4,978 Office equipment and furniture 3,382 3,489 Foreign currency translation difference (479) (270) Accumulated depreciation and amortization (6,227) (5,665) Fixed assets, net 4,138 2,532 Accrued income 12,252 17,124 Prepaid expenses 19,697 8,045 Sundry receivables 6,097 5,664 Other receivables 13,355 12,204 Other assets 3,170 2,613 Other assets, net (1) $ 58,709 $ 48,182 (1) As of June 30, 2024 and December 31, 2023, these amounts include $4.6 million and $6.7 million, respectively, in receivables due from related parties. See Note 16 (Related Party Transactions) for further details. The following table provides a breakdown of Other liabilities, net reported on the Condensed Consolidated Statement of Financial Position. (Dollars in Thousands) As of June 30, 2024 As of December 31, 2023 AWMS deferred cash consideration 6,857 7,135 PW deferred consideration 3,365 — Payroll — 5,202 Corporation tax payable 2,826 — Sundry 3,593 3,422 Other 4,460 6,709 Other Liabilities, net (1) 21,101 22,467 (1) As of June 30, 2024 and December 31, 2023, these amounts include $11.0 million and $8.4 million, respectively, in liabilities due to related parties. Additionally, certain reclassifications have been made during the current period and are no longer comparable to the year ended December 31, 2023. See Note 16 (Related Party Transactions) and Note 2 (Summary of Significant Accounting Policies), respectively, for further details.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The Company adopted ASC 842 as of January 1, 2022, on a modified retrospective basis with no cumulative adjustment to equity as of the adoption date. The Company has presented financial results and applied its accounting policies for the period beginning January 1, 2022 under ASC 842. The Company elected to take the practical expedient to not separate lease and non-lease components as part of the adoption. Lease agreements entered into after the adoption of ASC 842 that include lease and non-lease components are accounted for as a single lease component. Since January 1, 2022, the Company’s operating leases, excluding those with terms less than 12 months, have been discounted and recorded as assets and liabilities on the Company’s Condensed Consolidated Statement of Financial Position. The Company primarily has non-cancellable operating leases for office spaces across various countries. We categorize leases as either operating or finance leases at the commencement date of the respective lease. The components of lease costs are as follows: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Operating lease expense $ 2,675 $ 2,135 $ 5,543 $ 4,061 Variable lease expense 607 1,166 1,162 1,603 Short-term lease expense 53 207 126 412 Total lease expense $ 3,335 $ 3,508 $ 6,831 $ 6,076 Supplemental cash flow information and non-cash activity related to our operating leases are as follows: For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 Operating cash flow information: Operating cash flow from operating leases $ 3,327 $ 3,464 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations 4,103 2,055 Weighted-average remaining lease term and discount rate for our operating leases are as follows: As of June 30, 2024 As of December 31, 2023 Weighted-average remaining lease term 11.60 11.94 Weighted-average discount rate 6.22 % 6.22 % Future minimum lease payments for the Company’s operating leases as of June 30, 2024, are as follows: Future Minimum Rental Operating Leases (Dollars in Thousands) Rest of 2024 $ 3,986 2025 9,077 2026 8,372 2027 7,833 2028 6,957 2029 and beyond 60,012 Total lease payments 96,237 Less: Imputed interest 31,956 Present value of lease liabilities $ 64,281

Goodwill, net

Goodwill, net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, net	Goodwill, net The following tables provide a reconciliation of Goodwill, net reported on the Condensed Consolidated Statement of Financial Position and Consolidated Statement of Financial Position as of June 30, 2024 and December 31, 2023, respectively. (Dollars in Thousands) Strategic Alternatives Wealth Management Total Beginning Balance Gross goodwill $ 90,480 $ 321,154 $ 411,634 Net goodwill: $ 90,480 $ 321,154 $ 411,634 Goodwill acquired during the period $ — $ 32,317 $ 32,317 Currency translation and other adjustments (1,454) (1,500) (2,954) $ (1,454) $ 30,817 $ 29,363 Ending Balance Gross goodwill $ 89,026 $ 351,971 $ 440,997 Net goodwill $ 89,026 $ 351,971 $ 440,997 (Dollars in Thousands) Strategic Alternatives Wealth Management Total Beginning Balance Gross goodwill $ 232,429 $ — $ 298,118 $ 530,547 Net goodwill: $ 232,429 $ 298,118 $ 530,547 Goodwill acquired during the period $ — $ 18,972 $ 18,972 Impairment charges (153,859) — (153,859) Currency translation and other adjustments 11,910 — 4,064 15,974 $ (141,949) $ 23,036 $ (118,913) Ending Balance Gross goodwill $ 90,480 $ 321,154 $ 411,634 Net goodwill $ 90,480 $ 321,154 $ 411,634 During the three and six months ended June 30, 2024, no triggering events were identified, and no impairment charge was recognized on goodwill from acquisitions. During the year ended December 31, 2023, the Company evaluated as of September 30, 2023 whether circumstances existed, indicating that the fair value of its reporting units may have declined to an amount lower than the carrying value of goodwill recorded on its Consolidated Statement of Position as of that date. The Company considered a variety of factors, including the impact of prevailing market conditions, persistently high interest rates and uncertainties caused by inflation and certain world events as well as the recent actions taken by the Company to restructure and reposition certain of the businesses within its reporting units. Based on the evaluation of these factors, the Company concluded that triggering events had occurred during the period that required the Company to assess whether the goodwill allocated to its Strategic Alternatives segment was impaired. Accordingly, the Company performed a goodwill impairment test, which compared the estimated fair value of the Strategic Alternatives reporting unit to its carrying value. The Company utilized the discounted cash flow method under the income approach and the Guideline Public Company Method (“GPCM”) under the market approach, in equal weightings, in determining a fair value for the reporting unit. The results of the impairment test performed at September 30, 2023 indicated that the carrying value of the Strategic Alternatives reporting unit exceeded its estimated fair value by $153.6 million. Consequently, the Company recognized a goodwill impairment charge for this amount. The assumptions used in the discounted cash flow analyses require significant judgment, including judgment about appropriate growth rates and the amount and timing of expected future cash flows. The Company’s forecasted cash flows were based on its current assessment of the markets and on assumed growth rates expected as of the measurement date. The key assumptions used in the cash flows were revenue growth rates, operating expenses, gross margins, and discount rates that appropriately reflect the risks inherent in the cash flow streams. Under the GPCM approach, the significant assumptions include the consideration of stock price and financial metrics from guideline companies.

Debt, net of unamortized deferr

Debt, net of unamortized deferred financing cost	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt, net of unamortized deferred financing cost	Debt, net of unamortized deferred financing cost The following table summarizes outstanding debt obligations of the Company as of June 30, 2024 and December 31, 2023: As of June 30, 2024 As of December 31, 2023 (Dollars in Thousands) Debt Outstanding Net Carrying Value (1) Fair Value (2) Debt Outstanding Net Carrying Value (1) Fair Value (2) Credit Agreement Term Loans $ 41,442 $ 37,978 $ 41,442 95,000 92,603 95,000 Revolving Credit Facility 126,008 126,008 126,008 93,750 93,750 93,750 Total Debt $ 167,450 $ 163,986 $ 167,450 $ 188,750 $ 186,353 $ 188,750 (1) Represents debt outstanding net of unamortized debt issuance costs. (2 ) The fair value of the Term Loans and Revolving Credit Facility approximates carrying value as of June 30, 2024 and December 31, 2023. The fair value is categorized as Level 3 under ASC 820. Credit Agreement On January 3, 2023, the Company entered into a credit agreement (the “Credit Agreement”) with BMO Harris Bank N.A., as administrative agent, for a senior secured credit facility (the “BMO Credit Facility”) in an aggregate principal amount of $250.0 million, consisting of term loan commitments for an aggregate principal amount of $100.0 million (the “Term Loans”) and a revolving credit facility with commitments for an aggregate commitment amount of $150.0 million (the “Revolving Credit Facility”), with an accordion option to increase the revolving commitments an additional $75.0 million to $225.0 million total. Upon the Closing, the Company had initially acquired legacy debt obligations from its subsidiaries in the amount of $124.4 million. Subsequently, after the Closing, the Company obtained additional financing through the BMO Credit Facility from which proceeds from borrowings were used to repay outstanding debt obligations acquired through the transaction, and also for working capital and general corporate purposes, including, without limitation, permitted acquisitions. The Term Loans and Revolving Credit Facility bear interest at a rate per annum equal to, at the Company’s option, either (i) SOFR plus a margin based on the Company’s Total Leverage Ratio (as defined in the Credit Agreement) or (ii) the Base Rate (as defined in the Credit Agreement) plus a margin based on the Company’s Total Leverage Ratio. The margin ranges between 1.0% and 2.0% for base rate loans and between 2.0% and 3.0% for SOFR loans. The Company will pay a commitment fee based on the average daily unused portion of the commitments under the Revolving Credit Facility, a letter of credit fee equal to the margin then in effect with respect to the SOFR loans under the Revolving Credit Facility, a fronting fee and any customary documentary and processing charges for any letter of credit issued under the Credit Agreement. The Term Loan is subject to quarterly amortization payments and will mature on January 3, 2028. The Revolving Credit Facility will terminate on January 3, 2028. As of June 30, 2024, unfunded commitments on the Revolving Credit Facility amounted to $14.0 million, and the weighted-average interest rate on the outstanding borrowings of this facility was 9.5%. As of December 31, 2023, unfunded commitments on the Revolving Credit Facility amounted to $16.3 million, and the weighted-average interest rate on the outstanding borrowings of this facility was 9.0%. As security for the Term Loans and Revolving Credit Facility, the borrower and the guarantors thereunder have pledged substantially all of their assets, subject to agreed-upon exclusions. The guarantor group consists of the Company’s U.S. and non-U.S. subsidiaries, subject to an agreed-upon materiality threshold. As of June 30, 2024 and December 31, 2023, total outstanding debt, net of unamortized deferred financing costs amounted to $164.0 million and $186.4 million, respectively. First Amendment to Credit Agreement On March 31, 2023 the Company executed the First Amendment to the Credit Agreement (the “First Amendment”). The First Amendment permits the Company to extend the time period for certain payments to be made that would have otherwise been restricted by the Credit Agreement. Second Amendment to Credit Agreement On November 10, 2023, the Company entered into the Second Amendment to the Credit Agreement (“the Second Amendment”). The Second Amendment, among other things, temporarily amends, from the date of the amendment until effectively April 1, 2024, the following provisions of the Credit Agreement: • The aggregate commitment amount under the Revolving Credit Facility is reduced from $150.0 million to $110.0 million; • The financial covenants in the Credit Agreement are adjusted to allow for a higher Total Leverage Ratio and Modified Leverage Ratio as well as a lower Interest Coverage Ratio; • During the amendment period, cash proceeds from the issuance of any debt, (other than certain debt permitted under the Credit Agreement) and any equity securities issued by the Company are required to be used to repay amounts outstanding under the facility, first under the Term Loans until such Term Loans are repaid in full and then under the Revolving Credit Facility, until the Revolving Credit Facility is reduced to $50.0 million in the aggregate; and • Beginning after the end of the amendment period, certain clauses in the Credit Agreement that pertain to restricted payments are amended. Third Amendment to Credit Agreement On February 22, 2024, the Company entered into a Third Amendment to the Credit Agreement (the “Third Amendment”). The Third Amendment amends and restates the Credit Agreement in its entirety to, among other things: • provide for and permit that the investments in the Company being made by Allianz Strategic Investments S.à.r.l., a Luxembourg private limited liability company (“Allianz”) and Constellation are not required to reduce amounts outstanding under the facility; • amend the financial covenants applicable to the Company, including permanently removing the Modified Leverage Ratio, and a waiver of the Leverage Ratio and Interest Coverage Ratio for the quarters ending March 31, 2024, and June 30, 2024. For these periods, covenants will include a Minimum EBITDA and Minimum Liquidity level. In addition, starting in the quarter ending September 30, 2024 and subsequent periods, certain cash balances will permitted to be netted against debt outstanding when calculating the Company’s Leverage Ratio; • amend the pricing grid setting forth the Applicable Margin to, among other things, increase the Applicable Margin by 0.50% while the leverage ratio and interest coverage ratio are temporarily waived, and provide for additional pricing levels based on the Company’s Total Leverage Ratio after the waiver period; • limit the Company’s use of proceeds relating to the Revolving Credit Facility solely to general working capital; and • provide for the sale of certain assets of the Company, the proceeds of which will be required to pay down the term loan and may reduce the $40,000,000 revolving facility commitment block in place while the leverage ratio and interest coverage ratio are temporarily waived. Fourth Amendment to Credit Agreement On August 5, 2024, the Company entered into a Fourth Amendment to the Credit Agreement (the “Fourth Amendment”). The Fourth Amendment amends the Credit Agreement to permit the Company to utilize proceeds from any drawdowns on the revolving credit facility on certain “Permitted Acquisitions,” as defined in the Credit Agreement. As required by accounting standards, the Company has performed an assessment based on its current operations and capital structure of its ability to generate sufficient cash flows to meet its financial obligations for one year subsequent to the financial statement issuance date, based on conditions known and reasonably knowable as of the financial statement issuance date. Management has performed this required assessment as of August 9, 2024, and believes there are sufficient funds available to support its ongoing business operations and continue as a going concern for at least the next 12 months. Management’s assessment is subject to known and unknown risks, uncertainties, assumptions, and changes in circumstances, many of which are beyond our control including the impact of the macroeconomic environment, and that are difficult to predict as to timing, extent, likelihood, and degree of occurrence, and that could cause actual results to differ from estimates and forecasts, potentially materially. Based upon the results of Management’s assessment, these interim unaudited condensed consolidated financial statements have been prepared on a going concern basis. The interim unaudited condensed consolidated financial statements do not include any adjustments that could result from the outcome of the aforementioned risks and uncertainties. Contractual maturities of the Term Loans as of June 30, 2024, are set out in the table below: (Dollars in Thousands) Aggregate Maturities Rest of 2024 $ 2,500 2025 $ 7,500 2026 $ 10,000 2027 $ 10,000 2028 $ 11,442 Total $ 41,442 Debt is prepayable without penalty prior to maturity. Borrowings under the Revolving Credit Facility are due and payable on the termination date or an earlier date at the Company’s discretion. Constellation Transaction In connection with the Constellation Transaction, the Company evaluated the Constellation Warrants in accordance with ASC 815-40 and concluded that a provision in the warrant agreement related to a change of control adjustment which would preclude equity classification as the Constellation Warrants would no longer be a fixed-for-fixed option. The Constellation Warrants meet the definition of a derivative and are recorded as derivative liabilities on the balance sheet and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2024
Postemployment Benefits [Abstract]
Retirement Plans	Retirement Plans The Company sponsors a defined–contribution 401(k) plan (Dollars in Thousands) For the Three Months Ended For the Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Plan Contributions $ 717 $ 858 $ 1,732 $ 1,672

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Related party transactions include the below: (Dollars in Thousands) Related Party Receivables Consolidated Balance Sheet Line Item As of June 30, As of December 31, Due from Certain TWMH Members, TIG GP Members and TIG MGMT Members Other assets $ 541 $ 712 Due from Equity Method Investees Other assets $ 4,107 $ 5,948 Due from Alvarium related fee arrangements Fees receivable, net $ 9 $ 247 Due from TIG related fee arrangements Fees receivable, net $ 822 $ 15,822 Related Party Payables Due to Certain TWMH Members, TIG GP Members and TIG MGMT Members Other Liabilities $ (517) $ — Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements TRA liability $ (24,911) $ (17,607) Delayed share purchase agreement Delayed share purchase agreement $ — $ (1,818) Delayed share purchase agreement Accrued compensation and profit sharing $ — $ (282) Due to Certain TWMH Members, TIG GP Members, TIG MGMT Members and Alvarium Shareholders in connection with the Business Combination Earn-out Earn-out liability, at fair value $ (24,046) $ (62,380) AWMS earn-out liability Earn-out liability, at fair value $ (1,100) $ (1,064) AWMS deferred cash contribution Other liabilities $ (6,857) $ (7,135) Due to Equity Method Investees Other liabilities $ (232) $ (1,277) EEA earn-out liability Earn-out liability, at fair value $ (23,978) $ — PW deferred consideration Other liabilities $ (3,365) $ — Shareholders' Equity Delayed share purchase agreement Additional paid-in capital $ 40 $ (1,178) Due from TWMH Members Certain TWMH Members were offered promissory notes to pay their estimated federal, state and local withholding taxes owed by such members, which constitute loans to members. Promissory notes totaling $1.5 million were issued by the Company in 2020, 2021 and 2022, and bear interest at an annual rate of three and one quarter percent (3.25%). Of these, certain promissory notes totaling $1.1 million included a forgiveness of debt provision. If at each of the first five one-year anniversaries of February 15, 2023, the members’ employment relationship has not been terminated for any reason, an amount equal to twenty percent (20%) of the principal and accrued interest, shall be forgiven. Upon termination of employment, any outstanding amount of loan not forgiven becomes due within 30 days. The additional notes totaling $0.4 million were paid back in full to the Company as of December 31, 2022. On March 14, 2024, a certain member repaid their note totaling $0.7 million. For the three months ended June 30, 2024 and June 30, 2023, the Company recognized $58 thousand and $65 thousand, respectively, and for the six months ended June 30, 2024 and June 30, 2023, the Company recognized $116 thousand and $131 thousand, respectively, of forgiveness of principal debt and accrued interest within Compensation and employee benefits expense on the Consolidated Statement of Operations. The promissory notes are full legal recourse and have applicable default provisions, which allow the Company to enforce collection against all assets of the note holder, including Class B Units which have been pledged as collateral. These loans are presented in Other assets on the Condensed Consolidated Statement of Financial Condition. As of June 30, 2024 and December 31, 2023, the balance of loans to members were $0.5 million and $0.7 million, respectively. Delayed Share Purchase Agreement On July 28, 2023, the Company amended the delayed shared purchase agreement for the shares of Tiedemann International Holdings, AG, which are owned by an executive and shareholder of the Company. The amendment adjusted the purchase price from $2.2 million in cash to $2.1 million in cash and $1.2 million in the Company’s Class A Common Stock. The cash purchase price has been recognized in the Condensed Consolidated Statement of Financial Condition as Delayed share purchase agreement and Accrued compensation and profit sharing. On March 25, 2024, the TIH SPA was fully paid. As of December 31, 2023, the delayed share purchase agreement liability was reported as $1.8 million and the portion of the Delayed share purchase agreement reported in Accrued compensation and profit sharing was $0.3 million. The stock purchase price was recognized in the Consolidated Statement of Financial Condition as Additional paid-in capital. As of December 31, 2023, the portion of the delayed share purchase agreement reported in Additional paid-in capital was $1.2 million. For the three and six months ended June 30, 2024, the Company recognized $0.0 thousand and $40.0 thousand, respectively, of stock and cash compensation associated with the delayed share purchase agreement within Compensation and employee benefits expense on the Condensed Consolidated Statement of Operations. Equity Method Investees The Company’s transactions with Equity Method Investees include receivables related to loans, fees, and expenses, which are presented in Other assets on the Condensed Consolidated Statement of Financial Condition, and payables related to loans, fees and expenses, which are presented in Accounts payable and accrued expenses and Other Liabilities on the Condensed Consolidated Statement of Financial Condition. The Company recognized Management/advisory fees, Compensation and employee benefits, Other income/fees and Interest and dividend income (expense) from its equity method investees on the Condensed Consolidated Statement of Operations, as summarized in the following table: (Dollars in Thousands) For the Three Months Ended For the Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Management/advisory fees $ 140 $ 200 $ 309 $ 1,000 Compensation and employee benefits $ — $ — $ — $ 800 Other income/fees $ (322) $ (800) $ (1,359) $ (700) Interest and dividend income (expense) $ 10 $ (43) $ 16 $ (21) Tax Receivable Agreements On the Closing Date, the Company entered into the Tax Receivable Agreement. The TRA generally provides for certain payments and makes certain arrangements with respect to certain tax benefits to be derived by the Company and its subsidiaries as the result of the Business Combination and future exchanges by such TWMH Members, TIG GP Members and TIG MGMT Members of their Paired Interests for Class A Common Stock in accordance with the Umbrella LLC Agreement and the making of payments under the TRA. Pursuant to the terms of the TRA, the Company generally will pay an amount equal to 85% of the net tax benefit that it receives from such exchanges to the TWMH Members, the TIG GP Members and the TIG MGMT Members. The costs and expenses of administering the TRA will be borne 15% by the Company and 85% by the TWMH Members, the TIG GP Members and the TIG MGMT Members, or in certain instances, all or a portion of such 85% amount may be borne by Umbrella. The TRA is recognized on the Consolidated Statement of Financial Condition as the TRA Liability. The value of the TRA Liability as of June 30, 2024 and December 31, 2023 was $24.9 million and $17.6 million, respectively. As of June 30, 2024 and December 31, 2023, the Company carried $6.9 million and $13.2 million, respectively, of its TRA Liability at fair value, as it is contingent consideration from the Business Combination. The remaining portion related to the TRA Exchange of $18.0 million and $4.4 million as of June 30, 2024 and December 31, 2023, respectively, is recorded at its carrying value. For the three months ended June 30, 2024 and June 30, 2023, the Company recognized a loss of $0.4 million and $(1.8) million, respectively, and for the six months ended June 30, 2024 and June 30, 2023, the Company recognized a loss of $6.3 million and $(2.1) million, respectively, which is recorded in Gain (loss) on TRA in the Condensed Consolidated Statement of Operations. On August 31, 2023, holders of Class B Common Stock exchanged a portion of such Class B Units with the Company, in exchange for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $7.31 multiplied by the total number of shares of Class B Common Stock exchanged at the time of the transaction. On March 11, 2024, holders of Class B Common Stock exchanged a portion of such Class B Units with the Company, in exchange for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $6.61 multiplied by the total number of shares of Class B Common Stock exchanged at the time of the transaction. On May 14, 2024, holders of Class B Common Stock exchanged 286,242 Class B Units with the Company, in exchange for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $4.69 multiplied by the total number of shares of Class B Common Stock exchanged at the time of the transaction. For the six months ended June 30, 2024, the Company made tax distributions to Class B Units holders of $1.5 million. Business Combination Earn-out Liability Under the terms of the Business Combination, upon closing, the selling shareholders of TWMH, TIG, and Alvarium became entitled to receive earn-out shares contingent on various share price milestones and in the event of a change in control. The earn-out shares are precluded from being considered indexed to the Company's own stock and are recognized as a liability at fair value with changes in fair value recognized in earnings. As of June 30, 2024 and December 31, 2023, the fair value of the Business Combination Earn-out Liability was $24.0 million and $62.4 million, and is reported in Earn-out liability, at fair value, in the Condensed Consolidated Statement of Financial Position. The Company recognized the change in fair value of $1.2 million and $(66.1) million for the three months ended June 30, 2024 and June 30, 2023, respectively, and $(38.3) million and $(36.9) million for the six months ended June 30, 2024 and June 30, 2023, respectively, which is recorded in Gain (loss) on earnout liability in the Condensed Consolidated Statement of Operations and in Fair value of earn-out liability in the Condensed Consolidated Statement of Cash Flows in the period of change. AWMS Earn-out Liability On August 2, 2023, the Company acquired the remaining 70% of the issued and outstanding ownership and membership interests of AWMS, increasing its interest from 30% to 100%. The AWMS Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $16.8 million. The total purchase consideration transferred includes cash consideration, equity consideration, deferred cash consideration, earn-out consideration, (or AWMS earn-out liability), and the payment of assumed liabilities. As of June 30, 2024 and December 31, 2023, the AWMS earn-out liability of $1.1 million and $1.1 million, respectively, is reported in Earn-out liability, at fair value, in the Condensed Consolidated Statement of Financial Position. Since the AWMS earn-out liability meets the definition of a derivative, it is recorded at fair value as a derivative liability on the Condensed Consolidated Statement of Financial Position and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement. The Company recognized the change in fair value of $39.0 thousand and $36.0 thousand for the three and six months ended June 30, 2024, respectively, which is recorded in Gain (loss) on earn-out liability in the Condensed Consolidated Statement of Operations and in Fair value of earn-out liability in the Condensed Consolidated Statement of Cash Flows in the period of change. EEA Earn-out Liability On April 1, 2024, the Company acquired all of the issued and outstanding ownership and membership interests of EEA. The EEA Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $93.1 million. Included in the total purchase consideration is estimated contingent consideration of $23.3 million, for which the Company may be required to make additional cash payments contingent on the future EBITDA performance targets between the closing date and the fifth anniversary of the closing date (or EEA earn-out liability). As of June 30, 2024, the EEA earn-out liability of $24.0 million is reported in Earn-out liability, at fair value, in the Condensed Consolidated Statement of Financial Position. The fair value will be remeasured at each reporting date in accordance with ASC 820, Fair Value Measurement. The Company recognized the change in fair value of $0.7 million for both the three and six months ended June 30, 2024, which is recorded in Gain (loss) on earn-out liability in the Condensed Consolidated Statement of Operations and in Fair value of earn-out liability in the Condensed Consolidated Statement of Cash Flows in the period of change. Pointwise Deferred Consideration On May 9, 2024, AlTi acquired the remaining 50% of the issued and outstanding ownership and membership interest of PW, increasing its interest from 50% to 100%. The PW Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration was $8.0 million. The total purchase consideration transferred includes cash consideration, equity consideration and estimated deferred consideration of $3.3 million. The deferred consideration was measured at fair value at the acquisition date. As of June 30, 2024, the deferred consideration of $3.4 million is recorded within the Other liabilities line item in the Condensed Consolidated Statement of Financial Position. Fees Receivable, net

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company operates within two business segments: Strategic Alternatives and Wealth Management. See Note 1 (Description of the Business). Segment information is utilized by the Company’s chief operating decision maker, which is our Chief Executive Officer, to assess performance and to allocate resources. The Company’s business segment information was prepared using the following methodologies and generally represents the information that is relied upon by management in its decision-making process. • Revenues and expenses directly associated with each business segment are included in determining net income/(loss) by segment. • Indirect expenses (such as general and administrative expenses including executive and indirect overhead costs) not directly associated with specific business segments are allocated to the business segments’ statement of operations. Accordingly, the Company presents segment information consistent with internal management reporting. See Note 1 (Description of the Business) and the table below for more detail on unallocated items. The following table presents the financial information for the Company’s segments for the periods indicated. Subsequent to June 30, 2024, management has commenced a strategic review of certain businesses within the currently defined Strategic Alternatives segment. This review, which is expected to be completed by the end of the third quarter of 2024, will consider, among other things, potential changes to our legal entity structure as well as the components included within the operating segments outlined below. Refer to Note 21 (Subsequent Events) for further details. For the Three Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 Net Income by Segment Strategic Alternatives Wealth Total Strategic Alternatives Wealth Total Revenue: $ Management/advisory fees $ 6,041 $ 40,988 $ 47,029 $ 12,952 $ 33,892 $ 46,844 Incentive fees 52 1 53 469 — 469 Distributions from investments 2,240 — 2,240 2,203 — 2,203 Other income/fees 220 (89) 131 1,697 72 1,769 Total income $ 8,553 $ 40,900 $ 49,453 $ 17,321 $ 33,964 $ 51,285 Operating Expenses: Compensation and employee benefits 9,900 28,993 38,893 12,306 21,646 33,952 Systems, technology, and telephone 1,165 3,644 4,809 1,388 2,722 4,110 Sales, distribution, and marketing 508 694 1,202 213 355 568 Occupancy costs 1,176 2,849 4,025 975 2,377 3,352 Professional fees 3,784 3,818 7,602 6,757 8,106 14,863 Travel and entertainment 518 808 1,326 510 796 1,306 Depreciation and amortization 406 3,407 3,813 1,518 2,137 3,655 General, administrative, and other 951 1,787 2,738 2,010 528 2,538 Total operating expenses $ 18,408 $ 46,000 $ 64,408 $ 25,677 $ 38,667 $ 64,344 Operating income (loss) (9,855) (5,100) (14,955) (8,356) (4,703) (13,059) Other income (expenses): Impairment loss on goodwill and intangible assets (695) — (695) (29,393) — (29,393) Gain (loss) on investments (721) 12,078 11,357 (5,585) 431 (5,154) Gain (loss) on derivative — — — — — — Gain (loss) on warrant liability 205 204 409 38 38 76 Gain (loss) on earn-out liability (593) (1,352) (1,945) 33,042 33,041 66,083 Gain (loss) on TRA 194 195 389 (896) (896) (1,792) Interest expense (2,390) (2,461) (4,851) (1,634) (1,737) (3,371) Interest income 241 322 563 — — — Other income 2 11 13 (367) (339) (706) Income (loss) before taxes (13,612) 3,897 (9,715) (13,151) 25,835 12,684 Income tax (expenses) benefit 836 (80) 756 7,723 7,723 15,446 Net income (loss) $ (12,776) $ 3,817 $ (8,959) $ (5,428) $ 33,558 $ 28,130 For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 Net Income by Segment Strategic Alternatives Wealth Total Strategic Alternatives Wealth Total Revenue: $ Management/advisory fees $ 15,619 $ 77,634 $ 93,253 $ 27,928 $ 65,386 $ 93,314 Incentive fees 216 — 216 1,046 — 1,046 Distributions from investments 6,410 — 6,410 12,233 — 12,233 Other income/fees 289 97 386 2,629 110 2,739 Total income $ 22,534 $ 77,731 $ 100,265 $ 43,836 $ 65,496 $ 109,332 Operating Expenses: Compensation and employee benefits 22,603 55,847 78,450 39,568 57,556 97,124 Systems, technology, and telephone 2,443 6,680 9,123 2,582 5,357 7,939 Sales, distribution, and marketing 877 1,090 1,967 463 631 1,094 Occupancy costs 2,311 5,191 7,502 2,180 4,352 6,532 Professional fees 8,635 10,337 18,972 19,014 18,733 37,747 Travel and entertainment 1,099 1,638 2,737 1,500 1,752 3,252 Depreciation and amortization 758 5,622 6,380 4,257 3,915 8,172 General, administrative, and other 2,118 2,639 4,757 2,465 1,506 3,971 Total operating expenses $ 40,844 $ 89,044 $ 129,888 $ 72,029 $ 93,802 $ 165,831 Operating income (loss) (18,310) (11,313) (29,623) (28,193) (28,306) (56,499) Other income (expenses): Impairment loss on goodwill and intangible assets (695) — (695) (29,393) — (29,393) Gain (loss) on investments (4,875) 12,571 7,696 (1,312) (392) (1,704) Gain (loss) on derivative — — — — — — Gain (loss) on warrant liability 35 34 69 (6,433) (6,433) (12,866) Gain (loss) on earn-out liability 19,167 18,342 37,509 18,439 18,438 36,877 Gain (loss) on TRA 3,161 3,161 6,322 (1,046) (1,046) (2,092) Interest expense (4,768) (4,923) (9,691) (3,387) (3,245) (6,632) Interest income 364 459 823 — — — Other income 30 (47) (17) (366) (281) (647) Income (loss) before taxes (5,891) 18,284 12,393 (51,691) (21,265) (72,956) Income tax (expenses) benefit 508 (115) 393 5,398 5,398 10,796 Net income (loss) $ (5,383) $ 18,169 $ 12,786 $ (46,293) $ (15,867) $ (62,160) (Dollars in Thousands) Assets by segment As of June 30, 2024 As of December 31, 2023 Strategic Alternatives $ 606,708 $ 675,926 Wealth Management $ 716,022 $ 590,371 Total Assets $ 1,322,730 $ 1,266,297

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The table below presents the Company’s treatment for basic and diluted earnings (loss) per share for instruments outstanding of the Company. Potentially dilutive instruments are only considered in the calculation to the extent they would be dilutive. For the Three Months Ended June 30, 2024 June 30, 2023 Basic Diluted Basic Diluted Class A Shares Included Included Included Included Class B Shares (1) Excluded If-converted method Excluded If-converted method Series C Preferred Shares (2) Two-class method More dilutive of two-class method or if-converted method — — Warrants (3) Excluded Treasury stock method Excluded Treasury stock method Earn-Out Shares (4) Excluded Treasury stock method Excluded Excluded Unvested RSUs Excluded Treasury stock method Excluded Treasury stock method Unvested PRSUs (5) Excluded Treasury stock method — — Holbein Earn-In Shares (6) Excluded Treasury stock method Excluded Treasury stock method For the Six Months Ended June 30, 2024 June 30, 2023 Basic Diluted Basic Diluted Class A Shares Included Included Included Included Class B Shares (1) Excluded If-converted method Excluded If-converted method Series C Preferred Shares (2) Two-class method More dilutive of two-class method or if-converted method — — Warrants (3) Excluded Treasury stock method Excluded Treasury stock method Earn-Out Shares (4) Excluded Treasury stock method Excluded Excluded Unvested RSUs Excluded Treasury stock method Excluded Treasury stock method Unvested PRSUs (5) Excluded Treasury stock method — — Holbein Earn-In Shares (6) Excluded Treasury stock method Excluded Treasury stock method (1) The if-converted method for these instruments includes adding back to the numerator any related income or loss allocations to noncontrolling interest, as well as any incremental tax expense had the instruments converted into Class A Shares as of the beginning of the period. (2) During the first quarter ended March 31, 2024, the Company issued Series C Preferred Shares and Warrants for Class A Shares. The Series C Preferred Shares are entitled to participate in dividends declared on common stock on an as-converted basis. This participation right requires application of the two-class method to calculate basic earnings per share. The two-class method requires income available to common stockholders for the period to be allocated between all participating instruments based upon their respective rights to receive dividends as if all income for the period had been distributed. Basic earnings per share is calculated using the proportion of net income available to be distributed to the common shareholders. Dilutive earnings per share is calculated using the more dilutive of the two-class method or the if-converted method. (3) As mentioned in footnote 2 above, during the first quarter ended March 31, 2024, the Company issued Series C Preferred Shares and Warrants for Class A Shares. The Warrants do not participate in dividends declared on common stock and are excluded from the calculation of basic earnings per share. Since the Warrants are classified as liabilities and remeasured at fair value each period, application of the treasury stock method for calculation of diluted earnings per share includes reversing the income statement effect of the fair value remeasurement for the period. (4) As mentioned in Note 3 (Business Combinations and Divestitures), during the second quarter ended June 30, 2024, the Company entered into a purchase agreement with EEA in which a portion of the estimated contingent consideration could be paid in Class A Common Stock. The Earn-Out Shares are excluded from the calculation of basic earnings per share as EEA’s contingency period has not been completed as of the current reporting period. Since EEA’s estimated contingent consideration is classified as a liability and remeasured at fair value each period, the application of the treasury stock method for calculation of diluted earnings per share includes reversing the income statement effect of the fair value remeasurement for the period. (5) During the second quarter of 2024, the Company granted PRSUs to selected members of AlTi’s executive team. Vesting of the PRSUs is based on meeting certain market conditions and the requisite service period. Unvested PRSUs would be excluded from Basic EPS calculation, but once vested, they would be included in the Basic EPS calculation. The PRSUs would be included in the computation of diluted EPS using the treasury stock method. Assumed proceeds under the treasury stock method consist of unamortized compensation cost. If dilutive, the unvested restricted stock would be considered outstanding as of the later of the beginning of the period or the grant date for diluted EPS computation purposes. If anti-dilutive, it should be excluded from the diluted EPS computation. See discussion of PRSUs in Note 5 (Equity-Based Compensation). ( 6 ) During the third quarter of 2023, the Company modified the Holbein Earn-In shares arrangement such that the settlement of the Earn-In shares would be in shares at each service period. As of June 30, 2024, the service periods related to the Holbein Earn-In shares had not been completed, and therefore such shares have not been included in the calculation of basic earnings (loss) per share for the three and six months ended June 30, 2024 and June 30, 2023. However, in calculating the Company’s diluted earnings (loss) per share, the Company utilized the treasury stock method to determine the potential number of dilutive shares for the three and six months ended June 30, 2024 and June 30, 2023. For the three and six months ended June 30, 2024 and June 30, 2023, the Holbein Earn-In shares were excluded from the Company’s diluted earnings per share calculation as the Earn-In shares were classified as contingently issuable common shares. The key terms of the Holbein Earn-Ins are discussed in Note 5 (Equity-Based Compensation). Basic earnings per share is computed by dividing income attributable to controlling interest by the weighted average number of shares of Class A Common Stock outstanding during the period. Diluted earnings per common share excludes potentially dilutive instruments which were outstanding during the period but were anti-dilutive. The following table shows the computation of basic and diluted earnings per share: For the Three Months Ended For the Six Months Ended (Dollars in Thousands, except share data) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net income (loss) attributable to controlling interest - basic and diluted $ (12,700) $ 42,740 $ 11,031 $ (26,000) Net income (loss) available to the Company - diluted $ (12,700) $ 28,130 $ (208) $ (26,000) Weighted-average shares of Class A Common Stock outstanding - basic 71,738,190 59,286,346 69,228,309 58,425,916 Weighted-average shares of Class A Common Stock outstanding - diluted 71,738,190 114,319,307 119,355,038 58,454,342 Income (loss) per Class A Common Stock - basic $ (0.18) $ 0.72 $ 0.16 $ (0.45) Income (loss) per Class A Common Stock - diluted $ (0.18) $ 0.25 $ — $ (0.44) The following potentially dilutive instruments were excluded from the calculation of diluted net loss per share because their effect would have been antidilutive: For the Three Months Ended For the Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Class B Common Stock and Class B Units — — — 27,516,481 Warrants 2,000,000 — 2,000,000 9,985,626 Earn-outs 10,459,204 10,396,318 10,396,318 10,396,318 Stock Awards — 4,607,089 2,376,487 2,303,545

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Tax Receivable Agreement Pursuant to the TRA, the Company will pay certain parties to the Business Combination 85% of certain tax benefits, if any, that it realizes (or in certain cases is deemed to realize) as a result of any increase in tax basis of the assets of Alvarium Tiedemann related to the Business Combination. Amounts payable under the TRA are contingent upon (i) the generation of taxable income over the life of the TRA, (ii) the tax rates in effect as of time periods in which tax benefits are used, and (iii) certain terms governing the rate of interest to be applied to payments under the TRA. As of June 30, 2024 and December 31, 2023, the liability associated with the TRA was approximately $24.9 million and $17.6 million, respectively. Payments under the TRA that are on account of liabilities arising in connection with the Business Combination will be revalued at the end of each reporting period with the gain or loss recognized in earnings. As of June 30, 2024 and December 31, 2023, the Company carried $6.9 million and $13.2 million, respectively, of its TRA liability at fair value, as it is contingent consideration from the Business Combination. The remaining portion of the TRA liability is carried at a value equal to the expected future payments under the TRA. In connection with the TRA, certain parties to the Business Combination who received Class B Units in Umbrella have the ability to exchange Class B Units in Umbrella (along with their paired Class B shares) for shares of Class A Common Stock in the Company on a 1:1 exchange basis. These future exchanges are anticipated to be treated as taxable exchanges which may provide an increase in the tax basis of the assets of the Company and therefore provide for additional payments under the TRA. TRA liabilities that are generated on account of future exchanges will be recorded under ASC 450, Contingencies . On August 31, 2023, holders of Class B Units exchanged 1,813,248 Class B Paired Interests with the Company, for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $7.31 multiplied by the total number of shares of Class A Common Stock received at the time of the transaction. On March 11, 2024, holders of Class B Common Stock exchanged 4,954,518 Class B Paired Interests with the Company, for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $6.61 multiplied by the total number of shares of Class B Common Stock exchanged at the time of the transaction. On May 14, 2024, holders of Class B Common Stock exchanged 286,242 Class B Paired Interests with the Company, for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $4.69 multiplied by the total number of shares of Class B Common Stock exchanged at the time of the transaction. Payments under the TRA will continue until all such tax benefits have been utilized or expired unless (i) the Company exercises its right to terminate the TRA and pays recipients an amount representing the present value of the remaining payments, (ii) there is a change of control or (iii) the Company breaches any of the material obligations of the TRA, in which case all obligations will generally be accelerated and due as if the Company had exercised its right to terminate the TRA. In each case, if payments are accelerated, such payments will be based on certain assumptions, including that the Company will have sufficient taxable income to fully utilize the deductions arising from the increased tax deductions. The estimate of the timing and amount of future payments under the TRA involves several assumptions that do not account for the significant uncertainties associated with those potential payments, including an assumption that the Company will have sufficient taxable income in the relevant tax years to utilize the tax benefits that would give rise to an obligation to make payments. As of June 30, 2024, assuming no material changes in the relevant tax laws and that the Company generates sufficient taxable income to realize the full tax benefit of the increased amortization resulting from the increase in tax basis of certain of AlTi’s assets, we expect to pay approximately $24.9 million under the TRA. Future changes in the fair value of the TRA liability will be recognized in earnings. Any future cash savings and related payments under the TRA due to subsequent exchanges of Class B Units for shares of Class A Common Stock would be accounted for separately from the amount related to the Business Combination. Business Combination Earn-out Liability Under the terms of the Business Combination, upon Closing, the Sponsor and the selling shareholders of TWMH, TIG, and Alvarium became entitled to receive earn-out shares contingent on various share price milestones. Additionally, upon a change of control of the Company, the share price milestones will be deemed to have been met and all the Business Combination Earn-out Securities will be payable to the earn-out holders. The earn-out shares are precluded from being considered indexed to the Company’s own stock and are recognized as a liability at fair value with changes in fair value recognized in earnings. As of June 30, 2024 and December 31, 2023, the fair value of the earn-out shares was $24.0 million and $62.4 million, respectively. See Note 2 (Summary of Significant Accounting Policies) for additional detail. AWMS Earn-out Liability On August 2, 2023, the Company acquired the remaining 70% of the issued and outstanding ownership and membership interests of AWMS, increasing its interest from 30% to 100%. The AWMS Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $16.8 million. The total purchase consideration transferred includes cash consideration, equity consideration, deferred cash consideration, earn-out consideration, (or AWMS earn-out liability), and the payment of assumed liabilities. As of June 30, 2024 and December 31, 2023, the AWMS earn-out liability of $1.1 million and $1.1 million, respectively, is reported in Earn-out liability, at fair value, in the Condensed Consolidated Statement of Financial Position. Since the AWMS earn-out liability meets the definition of a derivative, it is recorded at fair value as a derivative liability on the Condensed Consolidated Statement of Financial Position and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with changes in fair value to be recognized in Gain (loss) on earn-out liability in the Condensed Consolidated Statement of Operations and in Fair value of earn-out liability in the Condensed Consolidated Statement of Cash Flows in the period of change. See Note 2 (Summary of Significant Accounting Policies) for additional detail. EEA Earn-out Liability On April 1, 2024, the Company acquired all of the issued and outstanding ownership and membership interests of EEA. The EEA Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $93.1 million. The total purchase consideration transferred includes estimated contingent consideration of $23.3 million, for which the Company may be required to make additional cash payments contingent on the future EBITDA performance targets between the closing date and the fifth anniversary of the closing date. As of June 30, 2024, the EEA earn-out liability of $24.0 million is reported in Earn-out liability, at fair value, in the Condensed Consolidated Statement of Financial Position and Consolidated Statement of Financial Position, respectively. Since the EEA earn-out liability meets the definition of a derivative, it is recorded at fair value as a derivative liability on the Condensed Consolidated Statement of Financial Position and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement, with changes in fair value to be recognized in Gain (loss) on earn-out liability in the Condensed Consolidated Statement of Operations and in Fair value of earn-out liability in the Condensed Consolidated Statement of Cash Flows in the period of change. See Note 2 (Summary of Significant Accounting Policies) for additional detail. Litigation From time to time, we may be named as a defendant in legal or regulatory actions. Although there can be no assurance of the outcome of such matters, management’s current assessment is that no loss contingency reserve is required to be recorded as of June 30, 2024 for any potential liability related to any current legal or regulatory proceeding or claim that would individually or in the aggregate materially affect our results of operations, financial condition, or cash flows. Home REIT is a real estate investment trust company listed on the London Stock Exchange. AFM UK was its alternative investment fund manager (“AIFM”) until August 21, 2023 and AHRA was its investment adviser until June 30, 2023. AFM UK is a wholly owned subsidiary of the Company. AHRA was owned by ARE (another wholly owned subsidiary of the Company) up until December 30, 2022, when it was sold. AlTi was formed on January 3, 2023, through the Business Combination that included certain legacy Alvarium companies, including AFM UK. While the sale of AHRA occurred prior to the Business Combination, under GAAP, its results were required to be consolidated in our financial statements until June 30, 2023, when it was deconsolidated. For UK regulatory purposes, up until June 30, 2023, AHRA was permitted to perform certain limited regulated activities as an “appointed representative” of its regulated principal firm, ARE (which is authorized and regulated by the UK FCA). Since November 2022, Home REIT and AHRA have been the subject of a series of allegations in the UK media regarding Home REIT’s operations, triggered by a report issued by a short seller. Home REIT’s stock price fell materially as a result and its shares are currently suspended from trading. On October 6, 2023, pre-action steps were commenced by a law firm acting on behalf of a group of current and former shareholders in Home REIT (in the UK, pre-action correspondence is required under the Practice Direction on Pre-Action Protocols and Conduct contained in the United Kingdom’s Ministry of Justice Civil Procedure Rules prior to a claimant commencing litigation). In the pre-action correspondence, the claimant group alleges that there were misstatements in Home REIT’s offering documents and certain other public filings between 2020 and 2022 and asserts potential claims against AFM UK and ARE (as well as against Home REIT itself and its directors, among others) in connection with such matters and the historic management and advisory services provided to Home REIT by certain legacy Alvarium companies. It is not possible at this point in time for us to reliably assess what the quantum of such claims might be, or AFM UK’s and/or ARE’s potential exposure, though they may potentially be material to the Company. If any litigation or other action is commenced by current and/or former shareholders of Home REIT against AFM UK and/or ARE, we intend to defend ourselves in any such matters vigorously. However, if any claims were commenced, we would anticipate that such claims may involve complex questions of law and fact and we may incur significant legal expenses in defending such litigation. On April 12, 2024, pre-action steps were commenced by Home REIT and its directors against AFM UK and ARE. This relates to the historic management of Home REIT by certain legacy Alvarium companies. In the pre-action correspondence, Home REIT and its directors assert potential claims against AFM UK and ARE and state their intention to bring claims against those entities: (i) for a 100% contribution to any losses incurred by Home REIT or its directors if current or former shareholders in Home REIT issue claims against them as outlined in the preceding paragraph; and (ii) on a standalone basis, for losses they assert have been incurred by Home REIT as a result of alleged breaches of contractual, tortious and fiduciary duties, unlawful means conspiracy and deceit by AFM UK and/or AHRA, and, in the case of ARE, they assert that ARE is liable to Home REIT for any acts or omissions of AHRA under the UK’s appointed representative regime. It is not possible at this point in time for us to reliably assess what the quantum of such claims might be, or AFM UK’s and ARE’s potential exposure, though they may potentially be material to the Company. If any litigation or other action is commenced by Home REIT and/or its directors against AFM UK and/or ARE, we intend to defend ourselves in any such matters vigorously. However, if any claims were commenced, we would anticipate that such claims may involve complex questions of law and fact and we may incur significant legal expenses in defending such litigation. HLIF is a private fund which pursues a similar investment strategy to Home REIT, and which we determined to exit and are in the process of transitioning to a new manager as previously disclosed. In the period from June 30, 2022 to December 31, 2023, the estimated value of its underlying real estate investment portfolio declined by approximately 50%, due to a decrease in the timely collection of rents on the underlying portfolio, but also due to higher interest rates and other macro-economic factors. HLIF is managed by AFM UK as its AIFM and ‘authorized corporate director’ and is advised by SHIA. Like AHRA, SHIA was permitted to perform certain limited regulated activities as an “appointed representative” of its regulated principal firm, ARE. In February 2024, the UK FCA commenced investigations into the historic performance of certain group entities, in their services to Home REIT and/or HLIF, and whether they breached certain civil or criminal regulatory rules and/or principles. The investigations relate to the historic management of Home REIT and/or HLIF by certain legacy Alvarium companies. The investigations are focused primarily on whether any false or misleading statements were made in relation to Home REIT and/or HLIF and/or whether these group entities breached other FCA rules and/or principles. ARE and AFM have voluntarily requested the imposition of requirements by the UK FCA which primarily involve the companies agreeing to maintain their current assets and not undertaking any new business without UK FCA consent.We no longer provide services to Home REIT and are in the process of transitioning the management of HLIF. Once this is completed, the legacy Alvarium companies that provided these services will cease operating. The commencement of the investigations does not mean that the UK FCA has determined that any such breaches have occurred. However, it is possible that the UK FCA may determine that certain breaches have occurred and it may seek to impose financial penalties or other outcomes on one or more group entities, that may potentially be material to the Company. We intend to cooperate fully with the UK FCA as it conducts the investigations. We are not able to estimate how long it might take for the UK FCA to complete such investigations, but it is possible that the investigations may continue for a prolonged period, potentially over several years.

Equity

Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Equity	Equity Class A Common Stock As of June 30, 2024 and December 31, 2023, there were 72,167,195 and 65,110,875, respectively, shares of Class A Common Stock outstanding. Of those shares, 754,968 are subject to performance targets under the terms of the Business Combination Earn-out as of both June 30, 2024 and December 31, 2023. The holders of the Class A Common Stock represent the controlling interest of the Company. Class B Common Stock Upon the Closing of the Business Combination, the Company issued shares of Class B Common Stock to the holders of Class B Units. The Class B Common Stock has no economic rights but entitles each holder of at least one such share (regardless of the number of shares so held) to a number of votes that is equal to the aggregate number of Class B Units held by such holders on all matters on which shareholders of the Company are entitled to vote generally. As of June 30, 2024 and December 31, 2023, there were 47,978,953 and 53,219,713, respectively, shares of Class B Common Stock outstanding. Series C Preferred Stock

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Management evaluated events and transactions through the date of issuance of these financial statements. Based on management’s evaluation there are no events subsequent to June 30, 2024 that require adjustment to or disclosure in the consolidated financial statements, except as noted below. Envoi Acquisition On May 8, 2024, the Company entered into a purchase agreement to acquire substantially all the assets of Envoi, LLC (“Envoi”). The initial purchase price was approximately $25.2 million, and the transaction closed on July 1, 2024. Certain Envoi members are entitled to additional installment amounts over the next four years, calculated in accordance with revenue-based formulas. Allianz As previously disclosed, on July 31, 2024, the Company completed the sale to Allianz of (i) 140,000 shares of a newly created class of preferred stock designated Series A Cumulative Convertible Preferred Stock (the “Series A Preferred Stock”) and (ii) 19,318,580.96 shares of Class A Common Stock for an aggregate purchase price equal to $250 million (the “Allianz Closing”) and issued to Allianz warrants (the “Allianz Warrants”) to purchase 5,000,000 shares of Class A Common Stock. In connection with the Allianz Closing, on July 31, 2024 the Company (i) adopted and filed with the Secretary of State of the State of Delaware (x) a certificate of designations for the Series A Preferred Stock setting forth the rights, preferences, privileges and restrictions applicable to the Series A Preferred Stock and (y) an amendment to the Company’s certificate of incorporation to authorize and designate the Company’s Class C Non-Voting Common Stock, par value $0.0001 per share (the “Non-Voting Common Stock”), which was previously approved by the Company’s shareholders, and (ii) entered into an Investor Rights Agreement with Allianz pursuant to which, among other items, Allianz will have the right to nominate two directors until such time as Allianz ceases to own at least 50% of the initial shares of Class A Common Stock acquired at the Allianz Closing. Also in connection with the Allianz Closing, the Company and AlTi Global Capital, LLC, a wholly-owned subsidiary of the Company, entered into the Fourth Amended and Restated Limited Liability Company Agreement of AlTi Global Capital, LLC (the “Umbrella LLC Agreement”) to create preferred and common units of AlTi Global Capital, LLC that mirror the rights, preferences, privileges and restrictions applicable to the Series A Preferred Stock, which were issued at the Allianz Closing and the Company’s Non-Voting Common Stock, which may be issued in the future to Allianz. The Umbrella LLC Agreement was also amended to reflect the creation of preferred units of AlTi Global Capital, LLC that mirror the rights, preferences, privileges and restrictions applicable to the Series C Preferred Stock previously issued to Constellation. Strategic Review of Real Estate Co-Investment and Fund Management Businesses Concurrent with the closing of the investment from Allianz at the end of July 2024, management commenced a strategic review of the Real Estate Co-investment and Fund Management businesses. This review, which is expected to be completed prior to the end of the third quarter of 2024 will consider, among other things, an assessment of the future strategy of these businesses, including whether any changes to our legal entity structure or composition of operating segments may be needed, consistent with any changes in business strategy that may be determined necessary. At the completion of this review, should it be concluded that changes will be made to our operating segments, this would likely require an assessment of the allocation and carrying value of goodwill reported in the Company’s updated operating segments. As part of such assessment, if it is determined that goodwill allocated to any updated operating segment is impaired, an impairment charge would be required to be recorded in the Company’s financial statements in the period such determination is made. Fourth Amendment to the Credit Agreement On August 5, 2024, the Company entered into the Fourth Amendment. The Fourth Amendment amends the Credit Agreement to permit the Company to utilize proceeds from any drawdowns on the revolving credit facility on certain “Permitted Acquisitions,” as defined in the Credit Agreement.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (5,994)	$ 42,740	$ 23,355	$ (26,000)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024 shares	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Spiros Maliagros [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 28, 2024, Spiros Maliagros, the President of our Strategic Alternatives segment, adopted a Rule10b5-1 trading arrangement (the “Maliagros 10b5-1 Plan”). The Maliagros 10b5-1 Plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act and the Company’s policies regarding transactions in the Company’s Common Stock. The Maliagros 10b5-1 Plan provides for the sale of up to 409,136 shares acquired upon the Business Combination and from equity compensation, commencing on July 2, 2024 and continuing until all shares are sold or until December 31, 2024, whichever occurs first.
Name	Spiros Maliagros
Title	President
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 28, 2024
Expiration Date	December 31, 2024
Arrangement Duration	182 days
Aggregate Available	409,136	409,136

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements comprise the financial statements of the Company and its subsidiaries. These condensed consolidated financial statements have been prepared under the accrual basis of accounting in accordance with U.S. GAAP and conform to prevailing practices within the financial services industry, as applicable to the Company, and should be read in conjunction with the annual financial statements included in the Annual Report on Form 10-K filed by the Company on March 22, 2024 (as amended by the Company on Form 10-K/A filed with the SEC on April 5, 2024, the “Annual Report”). The notes are an integral part of the Company’s condensed consolidated financial statements. In the opinion of management, all adjustments necessary for a fair presentation of the Company’s condensed consolidated financial statements have been included and are of a normal and recurring nature.
Prior Period Immaterial Corrections And Reclassifications	Prior Period Immaterial Corrections Following an analysis of quantitative and qualitative factors in accordance with SEC Staff Accounting Bulletin 99, Materiality , the Company concluded that the errors below were immaterial to the previously issued consolidated financial statements, and thus, no restatement of any of the Company’s previously issued financial statements is necessary. The Company revised the reported balances to correct for the immaterial errors accordingly. During the first quarter of 2024, the Company identified and corrected immaterial errors impacting the December 31, 2023 balances previously reported related to Accrued compensation and profit sharing, Goodwill, Accounts payable and accrued expenses and certain other balances reported within Other liabilities. These revisions resulted in an adjustment to the opening retained earnings balance for the current reporting period of $(3.0) million, a $4.2 million increase in Accrued compensation and profit sharing, a $0.3 million decrease in Goodwill, a $0.6 million increase in Other liabilities, and a $0.3 million increase in Accounts payable and accrued expenses. In conjunction with the prior period immaterial error correction, certain reclassifications have been made to prior period amounts between our Non-controlling interest in subsidiaries and Additional paid-in capital which relate to the TRA Exchange of our Class B Units for shares of Class A Common Stock. These reclassifications resulted in an adjustment of $13.3 million and are reflected in our Condensed Consolidated Statement of Changes in Mezzanine Equity and Shareholders’ Equity. These prior period reclassifications have no impact on the Company’s cash flows, net income, or total shareholders’ equity. Additionally, in the current reporting period, the Company reclassified the balances in its Condensed Consolidated Statement of Operations as of June 30, 2023 of the previously reported amounts for the line items Management/advisory fees and Professional fees, decreasing both balances by $0.6 million. (c) Reclassifications
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make assumptions and estimates that affect the amounts reported in the condensed consolidated financial statements of the Company. The most critical of these estimates are related to (i) the fair value of the investments included in the Billable Assets within AUM/AUA, as this impacts the amount of revenues the Company recognizes each period; (ii) the fair values of the Company’s investments and liabilities with respect to the TRA, and Earn-out Securities, as changes in these fair values have a direct impact on the Company’s consolidated net income (loss); (iii) the estimate of future taxable income, which impacts the realizability and carrying amount of the Company’s deferred income tax assets; (iv) the qualitative and quantitative assessments of whether impairments of equity method investments, carried interest vehicles, acquired intangible assets, and goodwill exist; and (v) the determination of whether to consolidate a variable interest entity (“VIE”); and (vi) fair value of assets acquired and liabilities assumed in business combinations, including assumptions with respect to future cash inflows and outflows, discount rates, assets’ useful lives, market multiples, the allocation of purchase price consideration in the business combination valuation of acquired assets and liabilities, the estimated useful lives of intangible assets, goodwill impairment testing, assumptions used to calculate equity-based compensation, and the realization of deferred tax assets. Inherent in such estimates are judgments relating to future cash flows, which include the Company’s interpretation of current economic indicators and market valuations, and assumptions about the Company’s strategic plans with regard to its operations. While management believes that the estimates utilized in preparing the condensed consolidated financial statements are reasonable and prudent, actual results could differ materially from those estimates.
Consolidation	Consolidation The Company consolidates those entities in which it has a direct or indirect controlling financial interest based on either a variable interest model or voting interest model. The Company determines whether an entity should be consolidated by first evaluating whether it holds a variable interest in the entity. Entities that are not VIEs are further evaluated for consolidation under the voting interest model (“VOE” model). An entity is considered to be a VIE if any of the following conditions exist: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, (b) the holders of equity investment at risk, as a group, lack either the direct or indirect ability through voting rights or similar rights to make decisions that have a significant effect on the success of the entity or the obligation to absorb the expected losses or right to receive the expected residual returns, or (c) the voting rights of some equity investors are disproportionate to their obligation to absorb losses of the entity, their rights to receive returns from an entity, or both and substantially all of the entity’s activities either involve or are conducted on behalf of an investor with disproportionately few voting rights. Fees that are customary and commensurate with the level of services provided by the Company, and where the Company does not hold other economic interests in the entity that would absorb more than an insignificant amount of the expected losses or returns of the entity, are not considered a variable interest. The Company factors in all economic interests, including proportionate interests through related parties, to determine if fees are considered a variable interest. Where the Company’s interests in funds are primarily management fees and insignificant direct or indirect equity interests through related parties, the Company is not considered to have a variable interest in such entities. The Company consolidates all VIEs for which it is the primary beneficiary. An entity is determined to be the primary beneficiary if it holds a controlling financial interest, which is defined as having (a) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The Company does not consolidate any of the products it manages as it does not hold any direct or indirect interests in such entities that could expose the Company to an obligation to absorb losses of an entity or the right to receive benefits from an entity that could potentially be significant to such entities. The Company determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and continuously reconsiders that conclusion. In evaluating whether the Company is the primary beneficiary, the Company evaluates its direct and indirect economic interests in the entity. The consolidation analysis is generally performed qualitatively, however, if the primary beneficiary is not readily determinable, a quantitative analysis may also be performed. This analysis requires judgment, including: (1) determining whether the equity investment at risk is sufficient to permit the entity to finance its activities without additional subordinated financial support, (2) evaluating whether the equity holders, as a group, can make decisions that have a significant effect on the success of the entity, (3) determining whether two or more parties’ equity interests should be aggregated, (4) determining whether the equity investors have proportionate voting rights to their obligations to absorb losses or rights to receive returns from an entity and (5) evaluating the nature of relationships and activities of the parties involved in determining which party within a related-party group is most closely associated with a VIE and therefore would be deemed the primary beneficiary. Under the voting interest model, the Company consolidates those entities it controls through a majority voting interest. The Company will generally not consolidate those voting interest entities where a single investor or simple majority of third-party investors with equity have the ability to exercise substantive kick-out or participation rights.
Revenue Recognition	Revenue Recognition Revenue is recognized when the Company transfers promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. A five-step framework is utilized that requires an entity to: (i) identify the contract(s) with a customer, which includes assessing the collectability of the consideration to which it will be entitled in exchange for the goods or services transferred to the customer, (ii) identify the performance obligation in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligation in the contract, and (v) recognize revenue when the entity satisfies a performance obligation. Management/Advisory Fees Revenues from contracts with customers consist of investment management, trustee, and custody fees. The Company recognizes revenue at the time of transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. Revenue recognized is calculated based on contractual terms, including the transaction price, whether a distinct performance obligation has been satisfied and control is transferred to the customer, and when collection of the revenue is assessed as probable. Investment management, trustee and custody fees are recognized over the period in which the investment management services are performed, using a time-based output method to measure progress. The amount of revenue varies from one reporting period to another as levels of AUA change (from inflows, outflows, and market movements) and the number of days in the reporting period change. For services provided to each client account, the Company charges an investment management fee, inclusive of custody and/or trustee fees, based on the fair value of the AUA of such account representing a single performance obligation. For assets for which valuations are not available on a daily basis, the most recent valuation provided to the Company is used as the fair value for the purpose of calculating the quarterly fee. In certain circumstances, fixed fees are charged to customers on a monthly basis. The nature of the Company’s performance obligation is to provide a series of distinct services in which the customer receives the benefits of the services over time. The Company’s performance obligation is satisfied at the end of each month or quarter, as applicable to the contract with the customer. Fees are charged on a mixture of methodologies that include quarterly in arrears based upon the market value at the end of the quarter, quarterly based on the average daily balance, or monthly. Receivable balances from contracts with customers are included in the fees receivable line in the Condensed Consolidated Statement of Financial Position. Our family office services business is also included in the Management/advisory fees line item. Family office services fees are generally structured to reflect an annual agreed upon fee or they can be structured on a project/time-based fee. Family office services fees are typically billed quarterly in arrears. We also generate family office services project/time-based fees arising from accounting, administration fees, set up, the Foreign Account Tax Compliance Act (“FATCA”), and other non-investment advisory services. Incentive Fees The Company is entitled to incentive fees if targeted returns have been achieved in accordance with customer contracts. Incentive fees are calculated using a percentage of net profit from the amount the customers earn. Incentive fees are variable consideration that is generally calculated as applicable to the contract with the customer. We recognize our incentive fees when it is no longer probable that a significant reversal of revenue will occur. Our incentive fees are not subject to clawback provisions. Other Fees/Income The Company generates arrangement fees in its co-investment division by arranging private debt or equity financing, generally in connection with an acquisition or an investment. Arrangement fees are typically 50 to 100 basis points of equity value contributed to a transaction, and are payable upon closing of the transaction. Acquisition fees are typically payable where there are no agency fees or where there is an off-market transaction sourced by the team. Such acquisition fees are usually in the range of 50 to 100 basis points of the purchase price of the relevant acquisition. The equity structures are long-term ( five other entity entitled to fees in respect of each of our co-investments receives such fees either monthly, quarterly or annually.
Distributions from Investments	Distributions from Investments The Company has equity interests in three entities pursuant to which it is entitled to distributions based on the terms of the respective arrangements. Distributions from each investment will be recorded upon receipt of the distribution. These distributions are recurring under investment agreements and are structured as either a profit or revenue share of the investment’s management and incentive fees.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents primarily consist of cash and money market funds. Cash balances maintained by consolidated VIEs are not considered legally restricted and are included in cash and cash equivalents on the Condensed Consolidated Statement of Financial Position.
Restricted Cash and Cash Equivalents	(i) Restricted Cash and Cash Equivalents Restricted cash and cash equivalents consist of balances that are restricted as to withdrawal or usage. As of June 30, 2024 and December 31, 2023, restricted cash and cash equivalents amounted to $6.8 million and $5.4 million, respectively, and are included in the line item Cash and cash equivalents on the Condensed Consolidated Statement of Financial Position and Consolidated Statement of Financial Position, respectively. These amounts represent the level of liquidity to be maintained by the Company’s certain subsidiaries to meet regulatory requirements. Failing to meet the requirement could lead to censure, fines and ultimately a loss of license.
Compensation and Employee Benefits	Compensation and Employee Benefits Cash-Based Compensation Compensation and benefits consist of salaries, bonuses, commissions, benefits and payroll taxes. Compensation is accrued over the related service period. Equity-Based Compensation Equity-based compensation awards are reviewed to determine whether such awards are equity-classified or liability-classified. Compensation expense related to equity-classified awards is equal to their grant-date fair value and generally recognized on a straight-line basis over the awards’ requisite service period for time-based awards or recognized over a graded-vesting period for awards with both a service and market condition, as applicable. When certain settlement features require an award to be liability-classified, compensation expense is recognized over the service period, and such amount is adjusted at each statement of financial position date through the settlement date to the then current fair value of such award. The Company recognizes equity-based award forfeitures in the period they occur as a reversal of previously recognized compensation expense. The reduction in compensation expense is determined based on the specific awards forfeited during that period. Furthermore, the Company recognizes all excess tax benefits and deficiencies as income tax benefits or expenses in the Condensed Consolidated Statement of Operations.
Foreign Currency and Transactions	Foreign Currency and Transactions The Company has multiple functional currencies across various consolidated entities. All functional currencies that are not the U.S. dollar are converted upon consolidation at the reporting date. Monetary assets and liabilities denominated in foreign currency are remeasured into U.S. dollars at the closing rates of exchange on the date of the Condensed Consolidated Statement of Financial Position. Non-monetary assets and liabilities denominated in foreign currencies are remeasured into U.S. dollars using the historical exchange rate. The profit or loss arising from foreign currency transactions is remeasured using the rate in effect on the date of the relevant transaction. Gains and losses on transactions denominated in foreign currencies due to changes in exchange rates are recorded within Foreign currency translation adjustments. Gains and losses on certain financing transactions that the Company intends to repay in the foreseeable future are recorded in net income.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method in accordance with ASC 740. Under this method, deferred tax assets and liabilities are determined based on differences between the condensed consolidated financial statement carrying amounts and tax bases of assets and liabilities and operating loss and tax credit carryforwards and are measured using the enacted tax rates that are expected to be in effect when the differences reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Condensed Consolidated Statement of Operations in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to an amount that, in the opinion of management, is more likely than not to be realized, meaning the likelihood of realization is greater than 50%. The Company accounts for uncertain tax positions by reporting a liability for unrecognizable tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense.
Other Assets, Net and Other Liabilities, Net	Other Assets, Net and Other Liabilities, Net Other assets, net include prepaid expenses, miscellaneous receivables, current income taxes receivable, fixed assets, and software licenses. The Company amortizes assets over their respective useful lives, as applicable. Other liabilities, net include the AlTi Wealth Management (Switzerland) SA, formerly known as Alvarium Investment Managers (Suisse) SA, (“AWMS”) deferred cash consideration (see Note 3 (Business Combinations and Divestitures)), accrued payroll and payroll related taxes, accrued legal fees, and corporate taxes payable, among other miscellaneous payables.
Investments	Investments Investments in Debt Securities. The Company classifies debt investments as held-to-maturity or trading based on the Company’s intent and ability to hold the debt security to maturity or its intent to sell the security. The Company does not have any held-to-maturity debt investments. Trading securities are those investments that are purchased principally for the purpose of selling them in the near term. Trading securities are carried at fair value on the Condensed Consolidated Statement of Financial Position with changes in fair value recorded in Loss on investments on the Condensed Consolidated Statement of Operations. Investments in Equity Securities . Equity securities are generally carried at fair value on the Condensed Consolidated Statement of Financial Position in accordance with ASC 321, Investments – Equity Securities . Changes in fair value are recorded in Loss on investments on the Condensed Consolidated Statement of Operations. Equity Method . The Company applies the equity method of accounting for equity investments where the Company does not consolidate the investee but can exert significant influence over the financial and operating policies of the investee. The evaluation of whether the Company exerts control or significant influence over the financial and operational policies of its investees is based on the facts and circumstances surrounding each individual investment. The Company’s share of the investee’s underlying net income or loss is recorded as Loss on investments within current period earnings. The Company’s share of net income of the investee is recorded based upon the most current information available at the time, which may precede the date of the Condensed Consolidated Statement of Financial Position. Due to the nature and size of its investees, the Company has adopted a lag in reporting for certain equity method investees for which the Company cannot reliably obtain financial information on a regular basis. Distributions received reduce the Company’s carrying value of the investee and the cost basis if deemed to be a return of capital. For certain investments, the Company may apply the alternative fair value option to the investment at initial measurement. The fair value measurement of investments in which the fair value option is elected will be measured in accordance with ASC 825. For equity method investments and nonmarketable investments, impairment evaluation considers qualitative factors, including the financial conditions and specific events related to an investee, which may indicate the fair value of the investment is less than the carrying value. For held-to-maturity investments, impairment is evaluated using market values, when available, or the expected cash flows of the investment. These losses in value may be considered other than temporary impairment losses.
Leases	Leases The Company determines if an arrangement is a lease at inception of the arrangement and primarily enters into operating leases, as the lessee, for office space. The Company accounts for its leases in accordance with ASC 842, Leases, and recognizes a lease liability and right-of-use asset in the Condensed Consolidated Statement of Financial Position for contracts that it determines are leases or contain a lease. The Company evaluates leases at their inception to determine if they are to be accounted for as an operating lease or a finance lease. A lease is accounted for as a finance lease if it meets one of the following five criteria: (i) the lease has a purchase option that is reasonably certain of being exercised, (ii) the present value of the future cash flows is substantially all of the fair market value of the underlying asset, (iii) the lease term is for a significant portion of the remaining economic life of the underlying asset, (iv) the title to the underlying asset transfers at the end of the lease term, or (v) if the underlying asset is of such a specialized nature that it is expected to have no alternative uses to the lessor at the end of the term. Leases that do not meet the finance lease criteria are accounted for as an operating lease. At the inception of a finance lease, an asset and finance lease obligation are recorded at an amount equal to the lesser of the present value of the minimum lease payments and the property’s fair market value. Finance lease obligations are classified as either current or long-term based on the due dates of future lease payments, net of interest. The Company’s lease portfolio primarily consists of operating leases for office space in various countries around the world. The Company also has operating leases for office equipment and vehicles, which are not significant. The Company does not separate non-lease components from lease components for its office space and equipment operating leases and instead accounts for each separate lease component and its associated non-lease component as a single lease component. Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. The Company’s right-of-use assets and lease liabilities are recognized at lease commencement based on the present value of lease payments over the lease term. Lease right-of-use assets include initial direct costs incurred by the Company and are presented net of deferred rent and lease incentives. Absent an implicit interest rate in the lease, the Company uses its incremental borrowing rate, adjusted for the effects of collateralization, based on the information available at commencement in determining the present value of lease payments. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise those options. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Lease right-of-use assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Company does not recognize a lease liability or right-of-use asset on the balance for short-term leases. Instead, the Company recognizes short-term lease payments as an expense on a straight-line basis over the lease term. A short-term lease is defined as a lease that, at the commencement date, has a lease term of 12 months or less and does not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise. When determining whether a lease qualifies as a short-term lease, the Company evaluates the lease term and the purchase option in the same manner as all other leases.
Intangible Assets Other Than Goodwill, Net	Intangible Assets Other Than Goodwill, Net The Company recognized certain finite-lived intangible assets as a result of the Business Combination. The Company’s finite-lived intangible assets consist of Trade Names, Customer Relationships, Investment Management Agreements, and Backlog. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company tests finite-lived intangible assets for impairment if certain events occur or circumstances change indicating that the carrying amount of the intangible asset may not be recoverable. The Company evaluates impairment by comparing the estimated fair value attributable to the intangible asset with its carrying amount. If an impairment exists, the Company adjusts the carrying value to equal the fair value by taking a charge through earnings.
Goodwill	Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of the tangible and intangible assets acquired and the liabilities assumed. Under ASC 350, Intangibles—Goodwill and Other , goodwill is not amortized, but rather is subject to an annual impairment test.
Fixed Assets, Net	Fixed Assets, Net Fixed assets are recorded at cost, less accumulated depreciation and amortization, and are included in the “Other assets” line item in the Company’s Condensed Consolidated Statement of Financial Position. Fixed assets are depreciated or amortized on a straight-line basis, with the corresponding depreciation and amortization expense included within general, administrative and other expenses in the Company’s Condensed Consolidated Statement of Operations. The estimated useful life for leasehold improvements is the lesser of the remaining lease term and the life of the asset, while other fixed assets are generally depreciated over a period of two
Debt Obligations, Net	Debt Obligations, Net
Tax Receivable Agreement	Tax Receivable Agreement The TRA liability represents amounts payable to certain pre-Business Combination equity holders of the Company. The portion of the TRA liability related to the Business Combination is deemed contingent consideration payable to the previous owners and is carried at fair value, with changes in fair value reported within Gain (loss) on TRA in the Condensed Consolidated Statement of Operations. Future exchanges of Class B Units for shares of Class A Common Stock may increase the TRA liability. Those increases will be carried at a value equal to the expected future payments due under the TRA. On August 31, 2023, holders of shares of Class B Common Stock exchanged 1,813,248 Class B Paired Interests with the Company, for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $7.31 multiplied by the total number of shares of Class A Common Stock received at the time of the transaction. On March 11, 2024, holders of Class B Common Stock exchanged 4,954,518 Class B Paired Interests with the Company, for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $6.61 multiplied by the total number of shares of Class B Common Stock exchanged at the time of the transaction. On May 14, 2024, holders of Class B Common Stock exchanged 286,242 Class B Paired Interests with the Company, for shares of Class A Common Stock on a 1:1 basis totaling an amount equal to $4.69 multiplied by the total number of shares of Class B Common Stock exchanged at the time of the transaction. For future changes in the TRA balance due to exchanges, the Company will record an initial estimate of future payments under the TRA portion as an adjustment to Additional paid-in capital in the Condensed Consolidated Statement of Financial Position. Subsequent adjustments to the liability for future payments under the TRA related to changes in estimated future tax rates or state income tax apportionment are recognized through current period earnings in the Condensed Consolidated Statement of Operations.
Warrant Liabilities, Business Combination Earn-out Liability, AWMS Earn-out Liability, and Derivative Financial Instruments	Warrant Liabilities The Company evaluated the Warrants issued in connection with the Business Combination in accordance with ASC 815-40 and concluded that a provision in the warrant agreement related to certain tender or exchange offers precludes the Warrants from being accounted for as components of equity. As the Warrants meet the definition of a derivative, the Warrants are recorded as derivative liabilities on the balance sheet and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with changes in fair value recognized in Loss on warrant liability in the Condensed Consolidated Statement of Operations in the period of change. Prior to the Business Combination the Sponsor held private warrants that were contributed to the Company and legally cancelled. The contribution and cancellation of these warrants resulted in derecognition of the private warrants and accounted for in Additional paid-in capital as of January 1, 2023. The Company subsequently issued new warrants with terms identical to those of the public warrants to the Target Companies’ selling shareholders classified as derivative liabilities. On June 7, 2023, the Company closed an offer and consent solicitation and entered into a warrant amendment, pursuant to which the remaining Warrants were exchanged. In total, the Warrants were exchanged for 4,962,221 shares of Class A Common Stock. See Note 1 (Description of the Business). Following the exchange, none of the Warrants remained outstanding as of December 31, 2023. On March 27, 2024 and May 15, 2024, the Company completed the initial and additional issuances of Constellation Warrants to purchase 1,533,333 shares and 466,667 shares, respectively, of the Company’s Class A Common Stock. The Company evaluated the Constellation Warrants in accordance with ASC 815-40 and determined that a provision in the agreement related to a change of control adjustment would preclude equity classification as the Constellation Warrants would no longer be a fixed-for-fixed option. The Constellation Warrants meet the definition of a derivative and are recorded as a derivative liability on the balance sheet and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with any changes in fair value to be recognized in the Consolidated Statement of Operations in the period of change. As of June 30, 2024, none of the Constellation Warrants have been exercised. Business Combination Earn-out Liability The Business Combination Earn-out Securities, comprised of 3.3 million Class A Shares, 7.1 million shares of Class B Common Stock, and 7.1 million Class B Units (one Class B share and one Class B Unit comprising a Paired Interest, as described in Note 3 (Business Combinations and Divestitures)), are payable to the Sponsor and the selling shareholders of TWMH, TIG, and Alvarium upon the achievement of certain vesting conditions in accordance with the terms of the Business Combination Agreement. Upon the Company’s Class A Share price meeting a volume-weighted average price threshold of $12.50 for 20 out of 30 trading days within five years of the Closing, fifty percent of the Business Combination Earn-out Securities will vest and be issued in settlement of the Business Combination Earn-out Liability (or, in the case of the Sponsor, which shares have already been issued, will no longer be subject to forfeiture). Upon the Company’s Class A Share price meeting a volume-weighted average price threshold of $15.00 for 20 out of 30 trading days within five years of the Closing, the remaining fifty percent of the Business Combination Earn-out Securities will vest and be issued. If, within five years of the Closing, a change of control event occurs (as defined in the Business Combination Agreement), any Business Combination Earn-out Securities not previously issued will be deemed to have vested and will be issued (or, in the case of the Sponsor, which shares have already been issued, will no longer be subject to forfeiture). The Company evaluated the terms of the Business Combination earn-out agreement in accordance with ASC 815-40 and concluded that the Business Combination Earn-out Securities are precluded from being accounted for as a component of equity. Since the Business Combination earn-out agreement meets the definition of a derivative, the Business Combination Earn-out Securities are recorded in Earn-out liability, at fair value, as a derivative liability on the Condensed Consolidated Statement of Financial Position and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement AWMS Earn-out Liability On August 2, 2023, (the “AWMS Acquisition Date”), the Company acquired the remaining 70% of the issued and outstanding ownership and membership interests of AWMS, increasing its interest from 30% to 100% (the “AWMS Acquisition”). The AWMS Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $16.8 million. The total purchase consideration transferred includes cash consideration, equity consideration, deferred cash consideration, earn-out consideration (“AWMS earn-out liability”), and the payment of assumed liabilities. As of June 30, 2024 and December 31, 2023, the AWMS earn-out liability of $1.1 million and $1.1 million, is reported in Earn-out liability, at fair value, in the Condensed Consolidated Statement of Financial Position and Consolidated Statement of Financial Position, respectively. Since the AWMS earn-out liability meets the definition of a derivative, it is recorded at fair value as a derivative liability on the Condensed Consolidated Statement of Financial Position and measured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement East End Advisors Earn-out Liability On April 1, 2024 (the “EEA Acquisition Date”), the Company acquired all of the issued and outstanding ownership and membership interests of East End Advisors, LLC (“EEA”) pursuant to the terms of the purchase agreement between the Company and EEA Holding Company, LLC (the “EEA Acquisition”). The EEA Acquisition was accounted for using the acquisition method of accounting and the fair value of the total purchase consideration transferred was $93.1 million. The total purchase consideration transferred includes estimated contingent consideration of $23.3 million (“EEA earn-out liability”), for which the Company may be required to make additional cash payments contingent on the future EBITDA performance targets between the closing date and the fifth anniversary of the closing date. As of June 30, 2024, the EEA earn-out liability’s fair value of $24.0 million is reported in the Earn-out liability line item in the Condensed Consolidated Statement of Financial Position. The fair value will be remeasured at each reporting date in accordance with ASC 820, Fair Value Measurement Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with ASC 815, Derivatives and Hedging , which requires the Company to recognize all derivative instruments on the Condensed Consolidated Statement of Financial Position as either assets or liabilities and to measure them at fair value each reporting period unless they qualify for normal purchases and normal sales exception. Normal purchases and normal sales contracts are those that provide for the purchase or sale of something other than a financial instrument or derivative instrument that will be delivered in quantities expected to be used or sold by a reporting entity over a reasonable period in the normal course of business. In connection with the LXi disposal, the Company determined the contingent consideration meets the definition of a derivative and is recorded as Contingent consideration receivable on the Condensed Consolidated Statement of Financial Position as of June 30, 2024. The Contingent consideration receivable will be remeasured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with changes in fair value recognized in the Condensed Consolidated Statement of Operations in the period of change.
Non-controlling Interests	Non-controlling Interests Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the Company’s equity. Non-controlling interests consist of the amount of those interests at the date of the original Business Combination and the minority’s share of changes in equity since the date of the Business Combination. The proportions of profit and loss and changes in equity allocated to the owners of the parent and to the non-controlling interests are determined on the basis of existing ownership interests.
Segment Reporting	Segment Reporting Our business is organized into two operating segments: Wealth Management and Strategic Alternatives. Segment information is utilized by the Company’s chief operating decision maker, which is our Chief Executive Officer, to assess performance and to allocate resources. Described below are the segments and the revenue generated by each, which broadly fall into three categories: recurring management, advisory, or administration fees; performance or incentive fees; and transaction fees. Wealth Management Our Wealth Management services principally consist of investment management and advisory services, trusts and administrative services, and family office services. Our wealth management client base includes HNWIs, families, single family offices, foundations, and endowments globally. Investment management or advisory fees are the primary source of revenue in our Wealth Management segment. These fees are generally calculated based on a percentage of the value of each client’s AUM or AUA (as applicable). As of June 30, 2024 and December 31, 2023, this segment had $55.9 billion and $51.0 billion, respectively, in AUA. Investment Management and Advisory Services In our investment management and advisory services teams, we diversify our clients’ portfolios across risk factors, geographies, and asset classes including private equity, private debt, hedge funds, real estate, and other assets through highly experienced third-party managers, who may be hard to access. Trusts and Administration Services The trusts and administration services that we provide include entity formation and management, creating or modifying trust instruments and/or administrative practices to meet beneficiary needs, full corporate, trustee-executor, and fiduciary services. We also offer provision of directors and company secretarial services, administering entity ownership of intellectual property rights, advice and administration services in connection with investments in marine and aviation assets, and administering entity ownership of fine art and collectibles. Family Office Services Our family office services are tailored outsourced family office solutions and administrative services which we provide primarily to our larger clients. These services include bookkeeping and back-office services, private foundation management and grantmaking, oversight of trust administration, financial tracking and reporting, cash flow management and bill pay, and other financial services. Strategic Alternatives Our strategic alternatives services include alternatives platform and public and private real estate (including co-investment) businesses. Alternatives Platform Our alternatives platform represents our legacy TIG business which is an alternative asset manager. This platform includes our TIG Arbitrage strategy and funds managed by our External Strategic Managers. Our alternatives platform client base is predominantly comprised of institutional investors. The TIG Arbitrage strategy is our event-driven strategy through which management fees and incentive fees based on performance are received from the underlying funds and accounts. The strategies of our External Strategic Managers include Real Estate Bridge Lending, European Equities and Asian Credit and Special Situations. We receive distributions from our External Strategic Managers through our profit or revenue sharing arrangements that are generated through their management and incentive fees based on performance of the underlying investments. As of June 30, 2024 and December 31, 2023, this platform had $7.3 billion and $7.6 billion, respectively, in AUA. Real Estate Co-Investment Real estate co-investment oversees deal origination, documentation, and structuring from inception to exit for a variety of strategies, including development, income, value-add, and planning. Investors are typically HNWIs, single family offices, and institutional investors. Fees earned include private market, incentive fees, management and advisory fees, and placement and brokerage fees. Real Estate Fund Management
Interest Income	Interest Income Interest income is earned on the Company’s cash balances, money market accounts, or through its investments in exchange-traded notes. These generally include debt securities held on a short- or medium- term basis when the Company has excess cash. The Company recognizes and records interest income in Interest income in the Condensed Consolidated Statement of Operations.
Interest Expense	Interest Expense Interest is related to the Company’s debt as well as investments in exchange-traded notes. These generally include debt securities held on a short- or medium-term basis when the Company has excess cash. The Company recognizes and records interest expense in Interest expense in the Condensed Consolidated Statement of Operations.
Other Income and Expenses	Other Income and Expenses Other than Interest income and Interest expense discussed above, other income and expenses include unrealized gains (losses) on investments, income from equity method investees, and other items. The Company holds investments in common stock, mutual funds, exchange-traded funds, and exchange-traded notes, which represent investments in equity and debt securities. The Company earns realized and unrealized gains and losses which depend on investment performance. Changes in fair value of these investments are recorded in Loss on investments in the Condensed Consolidated Statement of Operations. The Company holds interests in various affiliated limited partnerships and limited liability companies, whose purpose is to achieve capital appreciation through investments in financial instruments and investment vehicles. The Company accounts for investments in which it has significant influence but not a controlling financial interest using the equity method of accounting and may earn income related to its equity in income of equity method investees. The equity method investments are in various fund complexes, including funds focused on infrastructure and utilities, high income yields, and multi-strategy, among others. Changes in fair value of these investments are recorded in Loss on investments in the Condensed Consolidated Statement of Operations.
Held for Sale Accounting	Held for Sale Accounting In circumstances when the Company is evaluating its components, we may establish plans that require us to evaluate whether a component qualifies for held-for-sale accounting under ASC 360, Property, Plant, and Equipment
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. The amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company does not expect the impact of this guidance to be material to its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. The amendments in this update related to the rate reconciliation and income taxes paid disclosures improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. The amendments are effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company does not expect the impact of this guidance to be material to its consolidated financial statements. In January 2024, the FASB issued ASU 2024-01, Compensation—Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar Awards. The amendments in this update improve US GAAP by adding an illustrative example that demonstrates how an entity should apply the scope guidance in paragraph 718-10-15-3 to determine whether a profits interest award should be accounted for in accordance with Topic 718. The amendments in paragraph 718-10-15-3 improve its overall clarity and operability without changing the guidance. The amendments are effective for annual periods beginning after December 15, 2024, and interim periods within annual periods beginning after December 15, 2025, with early adoption permitted. The Company does not expect the impact of this guidance to be material to its consolidated financial statements.
Fair Value Measurement	The Company classifies its fair value measurements using a three-tiered fair value hierarchy. The basis of the tiers is dependent upon the various “inputs” used to determine the fair value of the Company’s assets and liabilities. Fair value is considered the value using the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances. The inputs are summarized in the three broad levels listed below: • Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. • Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. Level 3 Valuation Techniques In the absence of observable market prices, the Company values financial instruments using valuation methodologies applied on a consistent basis. For some investments little market activity may exist; management’s determination of fair value is then based on the best information available in the circumstances and may incorporate management’s own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. Financial instruments for which market prices are not observable include: • Business Combination Earn-Out Liability - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future share prices and the implied earn-out payment discounted using the risk-free rate. • TRA Liability - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future taxable income, share prices, and the implied TRA payments discounted using the liability discount rate which is estimated based on the Company’s credit rating. • AWMS Earn-Out Liability - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future revenue and the implied earn out payment discounted using the liability discount rate which is estimated based on the Company’s credit rating. • EEA Earn-Out Liability - The Company’s valuation approach utilized a Discounted Cash Flow approach to determine the fair value using the liability discount rate which is estimated based on the Company’s credit quality. • Earn-In Consideration Payable - The Company’s valuation approach utilized a Monte Carlo simulation to estimate future revenue and the implied earn in payment discounted using the liability discount rate which was estimated based on the credit rating of TWMH. On July 14, 2023, the Company amended the Holbein purchase agreement related to the Holbein acquisition discussed in Note 5 (Equity-Based Compensation and Earn-in Expenses), which crystallized the contingent earn-in consideration amount and discontinued the use of a Level 3 valuation technique. • Investments in External Strategic Managers - The Company utilized a Discounted Cash Flow approach to determine the fair value of the External Strategic Managers. The discount rate selection for each investment was calibrated using the implied internal rate of return as of the original investment date, adjusted for certain market- and company-specific factors. The selected long-term growth rate for each investment was based on long-term GDP growth rates in the geographic locations of the underlying External Strategic Manager, with consideration for general growth in the asset management industry. • Contingent Consideration Receivable - The Company utilized a Monte Carlo simulation to estimate the future share price of the acquirer of LXi, and the implied contingent consideration discounted using the risk-free rate and the acquirer’s estimated credit spread . • Warrant Liabilities - The fair value of the Constellation Warrants is determined based on Level 3 inputs using a Black-Scholes-Merton option pricing model. As of June 30, 2024, the Constellation Warrants amounted to $2.9 million and is included in the line item Warrant liabilities, at fair value of the Condensed Consolidated Statement of Financial Condition.

Description of the Business (Ta

Description of the Business (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Structure of Related Business Entities	Through a series of intercompany transactions, AlTi was restructured to reflect the below:
Schedule of Stock by Class	The following table presents the number of shares of the Registrant that were outstanding as of June 30, 2024 and December 31, 2023: As of June 30, As of December 31, Class A Common Stock 72,167,195 65,110,875 Class B Common Stock 47,978,953 53,219,713 Series C Preferred Stock 150,000 —

Business Combinations and Div_2

Business Combinations and Divestitures (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Business Acquisitions, by Acquisition	(Dollars in Thousands) Amount Cash consideration $ 99,999 Equity consideration: Class A $ 294,159 Class B $ 573,205 Warrants $ 4,896 Earn-out consideration $ 85,097 Tax Receivable Agreement $ 13,000 Payment of assumed liabilities $ 760 Total purchase consideration transferred $ 1,071,116 (Dollars in Thousands) AWMS Amount Initial Cash consideration $ 5,711 Equity consideration 1,459 Deferred cash consideration 6,695 Earn-out consideration 2,721 Payment of assumed liabilities 168 Total purchase consideration transferred $ 16,754 (Dollars in Thousands) Amount Cash consideration $ 69,013 Contingent consideration installments 23,308 Payment of assumed liabilities 793 Total purchase consideration transferred $ 93,114 (Dollars in Thousands) PW Amount Initial Cash consideration $ 1,735 Equity consideration 1,705 Deferred consideration 3,328 Settlement of pre-existing relationships 1,186 Total purchase consideration transferred $ 7,954
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the Business Combination: (Dollars in Thousands) Business Cash and cash equivalents $ 24,023 Management/advisory fees receivable 42,381 Investments at fair value 148,674 Equity method investments 42,185 Property, plant and equipment 3,996 Intangible assets 520,161 Goodwill 530,546 Operating lease right-of-use assets 28,487 Other assets 47,251 Total Assets Acquired $ 1,387,704 Accounts payable and accrued expenses 72,022 Accrued compensation and profit sharing 25,051 Accrued member distributions payable 12,803 Delayed share purchase agreement 1,818 Earn-in consideration payable 1,519 Operating lease liabilities 29,047 Debt 124,533 Deferred tax liability, net 34,640 Other liabilities 15,149 Total Liabilities Assumed $ 316,582 Total Assets Acquired and Liabilities Assumed 1,071,122 Non-controlling interest in subsidiaries (6) $ 1,071,116 The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the ALWP Acquisition: (Dollars in Thousands) ALWP Acquisition Date Fair Value Cash and cash equivalents $ 1,092 Management/advisory fees receivable 1,952 Property, plant and equipment 644 Intangible assets 12,300 Goodwill 3,836 Operating lease right-of-use assets 1,048 Other assets 474 Total Assets Acquired 21,346 Accounts payable and accrued expenses 368 Operating lease liabilities 1,048 Other liabilities 4,400 Total Liabilities Assumed $ 5,816 Total Assets Acquired and Liabilities Assumed $ 15,530 The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the AWMS business combination: (Dollars in Thousands) AWMS Acquisition Date Fair Value Cash and cash equivalents $ 1,401 Management/advisory fees receivable 1,057 Equity method investments 57 Intangible assets 9,679 Goodwill 15,146 Operating lease right-of-use assets 298 Other assets 323 Total Assets Acquired 27,961 Accounts payable and accrued expenses 784 Operating lease liabilities 298 Other liabilities 2,944 Total Liabilities Assumed $ 4,026 Total Assets Acquired and Liabilities Assumed $ 23,935 The following table sets forth the fair values of the assets acquired and liabilities assumed in connection with the EEA Acquisition: (Dollars in Thousands) EEA Acquisition Date Fair Value Cash and cash equivalents $ 218 Management/advisory fees receivable 12 Intangible assets 67,300 Goodwill 25,494 Operating lease right-of-use assets 2,326 Other assets 1,181 Total Assets Acquired 96,531 Accounts payable and accrued expenses 79 Operating lease liabilities 2,326 Other liabilities 1,012 Total Liabilities Assumed $ 3,417 Total Assets Acquired and Liabilities Assumed $ 93,114 The following table sets forth the fair values of the assets acquired, and liabilities assumed in connection with the PW business combination: (Dollars in Thousands) PW Acquisition Date Cash and cash equivalents $ 269 Intangible assets 9,700 Goodwill 6,747 Other assets 20 Total Assets Acquired 16,736 Accounts payable and accrued expenses 589 Other liabilities 292 Deferred tax liability 1,749 Total Liabilities Assumed $ 2,630 Total Assets Acquired and Liabilities Assumed $ 14,106
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	Below is a summary of the intangible assets acquired in the Business Combination (in thousands): (Dollars in Thousands) Acquisition Date Estimated Life Trade Names $ 14,695 9.9 Customer Relationships 163,392 27.1 Investment Management Agreements (definite life) 94,575 18.4 Investment Management Agreements (indefinite life) 245,900 Indefinite Developed Technology 1,000 5 Backlog 599 0.5 Total intangible assets acquired $ 520,161 Below is a summary of the intangible assets acquired in the ALWP Acquisition: (Dollars in Thousands) ALWP Acquisition Date Fair Value Estimated Life (Years) Customer Relationships $ 12,300 10 Total Intangible Assets $ 12,300 Below is a summary of the intangible assets acquired in the AIMS business combination: (Dollars in Thousands) AWMS Acquisition Date Fair Value Estimated Life (Years) Customer Relationships $ 9,679 14 Total Intangible Assets $ 9,679 Below is a summary of the intangible assets acquired in the EEA Acquisition: (Dollars in Thousands) EEA Acquisition Date Fair Value Estimated Life (Years) Trade Name $ 1,400 5 Customer Relationships $ 65,600 17 Developed Technology $ 300 5 Total Intangible Assets $ 67,300 Below is a summary of the intangible assets acquired in the PW business combination: (Dollars in Thousands) PW Acquisition Date Fair Value Estimated Life (Years) Customer Relationships $ 9,700 14 Total Intangible Assets $ 9,700
Business Acquisition, Pro Forma Information	For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Total revenue $ 49,453 $ 57,194 $ 105,160 $ 119,194 Net income (loss) $ (8,959) $ 28,160 $ 12,319 $ (62,747)
Disposal Groups, Including Discontinued Operations	The following table represents amounts presented as held for sale for the periods presented: As of (in thousands) December 31, 2023 Assets Cash and cash equivalents $ 2,897 Fees receivable, net 4,792 Intangible assets, net of accumulated amortization 46,658 Operating lease right-of-use assets 434 Deferred tax asset, net 41 Other assets 1,812 Total assets held for sale $ 56,634 Liabilities Accounts payable and accrued expenses $ (1,007) Operating lease liabilities (381) Deferred tax liability, net (10,852) Deferred income (781) Other liabilities (772) Total liabilities held for sale $ (13,792)

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table represents the Company’s revenue disaggregated by fee type for the periods presented below: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Management/advisory fees $ 47,029 $ 46,844 $ 93,253 $ 93,314 Incentive fees 53 469 216 1,046 Distributions from investments 2,240 2,203 6,410 12,233 Other fees/income 131 1,769 386 2,739 Total Income $ 49,453 $ 51,285 $ 100,265 $ 109,332
Contract with Customer, Contract Asset, Contract Liability, and Receivable	(Dollars in Thousands) As of June 30, 2024 As of December 31, 2023 Management/advisory fees receivable Beginning balance $ 29,539 $ 30,698 Ending balance (1) 32,069 29,539 Incentive fees receivable Beginning balance $ 40,356 $ 7,570 Ending balance (2) 209 40,356 Other fees/income receivable Beginning balance $ 526 $ 4,112 Ending balance 103 526 Deferred management/advisory fees Beginning balance $ (66) $ (945) Ending balance (221) (66) Deferred other fees/income Beginning balance $ — $ (422) Ending balance — — (1) As of June 30, 2024 and December 31, 2023, this amount includes $0.8 million and $1.2 million, respectively, in Management/advisory fees receivable due from related parties. See Note 16 (Related Party Transactions) for further details. (2) As of June 30, 2024 and December 31, 2023, this amount includes $0.0 million and $14.9 million, respectively, in Incentive fees receivable due from related parties. See Note 16 (Related Party Transactions) for further details.

Equity-Based Compensation and_2

Equity-Based Compensation and Earn-in Expenses (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The following table summarizes the equity-based compensation award activity for the six months ended June 30, 2024, and June 30, 2023: June 30, 2024 June 30, 2023 Number of Awards Weighted Average Grant Date Fair Value Number of Awards Weighted Average Grant Date Fair Value Restricted common stock Restricted common stock awards outstanding at beginning of period 4,797,464 $ 4.64 — $ — Restricted common stock granted 4,078,237 5.20 7,395,306 6.40 Restricted common stock forfeited (356,918) 4.45 (80,095) 4.35 Restricted common stock vested (1,823,811) 4.99 (2,534,202) 9.99 Restricted common stock awards outstanding at end of period 6,694,972 $ 4.90 4,781,009 $ 4.53
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	The following table summarizes the equity-based compensation recognized, which is included in Compensation and employee benefits in the Condensed Consolidated Statement of Operations, during the three and six months ended June 30, 2024, and June 30, 2023: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 RSUs $ 2,136 $ 1,515 $ 5,093 $ 31,060 PRSUs 466 — 466 — Earn-in expense 1,079 1,061 3,045 2,074 Revenue share 152 — 364 — Deferred compensation 1,156 — 2,375 — Total $ 4,989 $ 2,576 $ 11,343 $ 33,134

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following is a summary categorization, as of June 30, 2024, and December 31, 2023, of the Company’s financial instruments based on the inputs utilized in determining the value of such financial instruments. Investments at fair value as of June 30, 2024, and December 31, 2023 are presented below: As of June 30, 2024 Level 1 Level 2 Level 3 (Dollars in Thousands) Quoted Prices Observable Inputs Unobservable Inputs Total Assets: Mutual funds $ 110 $ — $ — $ 110 Exchange-traded funds 109 — — 109 Investments – External Strategic Managers (1) 6 — 161,139 161,145 Investments – Affiliated Funds (2) — — — 870 Contingent consideration receivable — — 1,834 1,834 Total $ 225 $ — $ 162,973 $ 164,068 Liabilities: Warrant liability $ — $ — $ 2,934 $ 2,934 Earn-out liability — — 49,124 49,124 TRA liability (3) — — 6,911 6,911 Earn-in consideration payable 969 — — 969 Total $ 969 $ — $ 58,969 $ 59,938 (1) The fair value of certain investments within the Company’s Investments - External Strategic Managers are reported on a one-month lag from the fund financial statements due to timing of the information provided by the funds and third-party entities unless information is available on a more timely basis. As a result, any changes in the markets in which our managed funds operate, and the impact market conditions have on underlying asset valuations, may not yet be reflected in reported amounts. (2) Investments in Affiliated Funds are measured at fair value using the net asset value (or its equivalent) practical expedient. The Company's investments in Affiliated Funds represent interests that do not trade in an active market and are valued using the NAV of each investment company as reported and without adjustment. The Company does not have any commitments to the Affiliated Funds and redemptions are permitted on a monthly basis and require 30 days’ notice. The strategies of the Affiliated Funds primarily focus on near-dated, hard catalyst events that typically involve hostile deals, proposals, minority interest buy-ins, leverage buyouts, activism, spin-offs, recapitalizations, and agreed upon deals. The investments held in the Affiliated Funds are primarily highly liquid and marketable securities. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statement of Financial Position. (3) The Company carries a portion of its TRA liability at fair value equal to the expected future payments under the TRA. As of December 31, 2023 Level 1 Level 2 Level 3 (Dollars in Thousands) Quoted Prices Observable Inputs Unobservable Inputs Total Assets: Mutual funds $ 75 $ — $ — $ 75 Exchange-traded funds 108 — — 108 Investments – External Strategic Managers 7 — 164,077 164,084 Investments – Affiliated Funds (1) — — — 1,627 Total $ 190 $ — $ 164,077 $ 165,894 Liabilities: Earn-out liability — — 63,444 63,444 TRA liability (3) — — 13,233 13,233 Earn-in consideration payable $ 1,830 $ — $ — $ 1,830 Total $ 1,830 $ — $ 76,677 $ 78,507 (1) Investments in Affiliated Funds are measured at fair value using the net asset value (or its equivalent) practical expedient. The Company's investments in Affiliated Funds represent interests that do not trade in an active market and are valued using the NAV of each investment company as reported and without adjustment. The Company does not have any commitments to the Affiliated Funds and redemptions are permitted on a monthly basis and require 30 days’ notice. The strategies of the Affiliated Funds primarily focus on near-dated, hard catalyst events that typically involve hostile deals, proposals, minority interest buy-ins, leverage buyouts, activism, spin-offs, recapitalizations, and agreed upon deals. The investments held in the Affiliated Funds are primarily highly liquid and marketable securities. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statement of Financial Position. (2)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table sets forth a summary of changes in the fair value of Level 3 measurements as of June 30, 2024 and December 31, 2023: Level 3 Liabilities as of June 30, 2024 (Dollars in Thousands) TRA liability Earn-out AWMS earn-out EEA earn-out liability Warrant liabilities Total Beginning balance $ 13,233 $ 62,380 1,064 — — $ 76,677 Issuances — — — 23,308 3,003 26,311 Settlements — — — — — — Net gains/(losses) (6,322) (38,334) 36 670 (69) (44,019) Transfers out of Level 3 $ — $ — — — — $ — Ending balance $ 6,911 $ 24,046 1,100 23,978 2,934 $ 58,969 Level 3 Liabilities as of December 31, 2023 (Dollars in Thousands) TRA Liability Earn-out AWMS earn-out Earn-in consideration payable Total Beginning balance $ 13,000 $ 91,761 — $ 1,519 $ 106,280 Issuances — — 2,721 — 2,721 Settlements — — — — — Net (gains) losses 233 (29,381) (1,657) 311 (30,494) Transfers out of Level 3 $ — $ — — $ (1,830) $ (1,830) Ending balance $ 13,233 $ 62,380 1,064 $ — $ 76,677
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	Level 3 Assets as of June 30, 2024 (Dollars in Thousands) Investments – External Strategic Managers Contingent Consideration Receivable Total Beginning balance $ 164,077 $ — $ 164,077 Realized and Unrealized Gains (Losses) (2,938) (101) (3,039) Purchases — 1,935 1,935 Ending balance $ 161,139 $ 1,834 $ 162,973 Level 3 Assets as of December 31, 2023 (Dollars in Thousands) Investments – External Strategic Managers Total Beginning balance $ 146,130 $ 146,130 Realized and Unrealized Gains (Losses) $ 2,580 $ 2,580 Purchases $ 15,367 $ 15,367 Ending balance $ 164,077 $ 164,077
Fair Value Measurement Inputs and Valuation Techniques	(Dollars in Thousands) Fair Valuation Unobservable Ranges Impact to Valuation from an Increase in Input Level 3 Assets: Investments – External Strategic Managers $ 161,139 Discounted Cash Flow Discount rate 19.0% -29% Lower Long-term growth rate 4.0 % Higher Contingent consideration receivable $ 1,834 Monte Carlo Risk-free rate 4.1 % Higher Volatility 26.2 % Lower Credit spread 0.8 % Lower Level 3 Liabilities: TRA liability $ 6,911 Monte Carlo Volatility 50.0 % Lower Correlation 22.5 % Higher Cost of debt range 14.2% - 15.0% Lower Equity risk premium 6.8% - 14.3% Lower Earn-out liability $ 24,046 Monte Carlo Volatility 50.0 % Higher Risk-free rate 4.5 % Higher AWMS earn-out liability $ 1,100 Monte Carlo Volatility 7.0 % Higher Risk-free rate 0.8 % Higher Revenue Discount Rate 2.5 % Lower Liability Discount Rate 13.6 % Lower EEA earn-out liability $ 23,978 Discounted Cash Flow EBITDA Discount Rate 16.6 % Lower Risk-free rate 4.4 % Lower Credit spread 12.8 % Lower Warrant liabilities $ 2,934 Black-Scholes-Merton model Volatility 39.0 % Higher Risk-free rate 4.4 % Higher Valuation Methodologies for Fair Value Measurements Categorized within Level 3 as of December 31, 2023 (Dollars in Thousands) Fair Valuation Unobservable Ranges Impact to Valuation from an Increase in Input Level 3 Assets: Investments – External Strategic Managers $ 164,077 Discounted Cash Flow Discount rate 21.5% -29.0% Lower Long-term growth rate 4.0 % Higher Level 3 Liabilities: TRA liability $ 13,233 Monte Carlo Volatility 40.0 % Lower Correlation 20.0 % Higher Cost of debt range 4.1% - 5.1% Lower Equity risk premium 7.4% - 13.1% Lower Earn-out liability $ 62,380 Monte Carlo Volatility 40.0 % Higher Risk-free rate 3.9 % Higher AWMS earn-out liability $ 1,064 Monte Carlo Revenue Volatility 14.0 % Higher Risk-free rate 1.1 % Higher Revenue Discount Rate 3.5 % Lower Liability Discount Rate 5.6 % Lower Deferred Payment Liability Discount Rate 5.3 % Lower

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment	The Cost and Fair Value of Investments as of June 30, 2024 and December 31, 2023 are presented below: As of June 30, 2024 As of December 31, 2023 (Dollars in Thousands) Cost Fair Value Cost Fair Value Investments at Fair Value: Mutual funds $ 124 $ 110 $ 93 $ 75 Exchange-traded funds 100 109 105 108 TIG Arbitrage Associates Master Fund 489 513 482 500 TIG Arbitrage Enhanced Master Fund 179 227 179 231 TIG Arbitrage Enhanced — — 682 776 Arkkan Opportunities Feeder Fund 111 129 111 119 Arkkan Capital Management Limited 20,062 25,352 20,062 24,822 Zebedee Asset Management 68,913 72,280 68,913 69,454 Romspen Investment Corporation (1) 72,523 63,508 72,523 69,802 Other 6 6 7 7 Total Investments at fair value $ 162,507 $ 162,234 $ 163,157 $ 165,894 Equity method investments: Real estate equity method investments $ 5,628 $ 5,628 $ 9,311 $ 9,311 Wealth management - investment advisory $ 99 $ 99 $ 2,505 $ 2,505 Carried interest vehicles $ 1,777 $ 1,777 $ 2,378 $ 2,378 Total Equity method investments 7,504 7,504 14,194 14,194 Total $ 170,011 $ 169,738 $ 177,351 $ 180,088 (1) The fair value of this investment is reported on a one-month lag from the fund financial statements due to timing of the information provided by the fund and third-party entity unless information is available on a more timely basis. As a result, any changes in the markets in which our managed funds operate, and the impact market conditions have on underlying asset valuations, may not yet be reflected in reported amounts. The breakdown of unrealized gains (losses) and realized gains (losses) on Investments at fair value for the relevant periods are as follows: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Gains (Losses) on Investments at FV: Realized gains (losses) $ 4 $ 5,685 $ 7 $ — Unrealized gains (losses) 1,734 (1,915) (2,923) 1,864 Total gains (losses) on Investments at fair value $ 1,738 $ 3,770 $ (2,916) $ 1,864

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The following table provides a reconciliation of Intangible assets, net reported on the Condensed Consolidated Statement of Financial Position. As of June 30, 2024 (Dollars in Thousands) Weighted Gross Carrying Amount (2) Impairment Accumulated Net Carrying Intangible assets Amortizing intangible assets Customer relationships 22.8 $ 258,765 $ — $ (12,139) $ 246,626 Investment management agreements 20.6 6,673 (695) (4,619) 1,359 Trade names 9.4 12,478 — (2,115) 10,363 Acquired internally developed software 5.0 1,300 — (315) 985 Other intangible asset 0.0 622 — (622) — Total amortized intangible assets 279,838 (695) (19,810) 259,333 Non-amortized intangible assets (1) Investment management agreements 245,900 — — 245,900 Total intangible assets $ 525,738 $ (695) $ (19,810) $ 505,233 (1) The Company’s non-amortized intangible assets consist of management contracts for open-ended fund products, in which there is no contractual termination date. (2) As of June 30, 2024, gross carrying amounts related to the Company’s intangible assets include additions to intangibles of $77.1 million related to the PW and EEA Acquisitions (see Note 3 Business Combinations and Divestitures) and foreign currency translation differences of $(1.0) million. As of December 31, 2023 (Dollars in Thousands) Weighted Gross Carrying Amount (3) Impairment Disposal Held for Sale Accumulated Net Carrying Intangible assets Amortizing intangible assets Customer relationships 25.3 $ 186,832 $ — $ (254) $ (2,128) $ (7,180) $ 177,270 Investment management agreements (1) 19.6 100,269 (50,283) — (43,299) (4,545) 2,142 Trade names 10 14,945 (2,635) — (1,231) (1,514) 9,565 Acquired internally developed software 5 1,000 — — — (200) 800 Other intangible asset 0 622 — — — (622) — Total amortized intangible assets 303,668 (52,918) (254) (46,658) (14,061) 189,777 Non-amortized intangible assets (2) Investment management agreements 245,900 — — — — 245,900 Total intangible assets $ 549,568 $ (52,918) $ (254) $ (46,658) $ (14,061) $ 435,677 (1) During the year ended December 31, 2023, the Company deconsolidated AHRA (See Note 3 Business Combinations and Divestitures) and as a result, recorded an impairment charge of $29.4 million to the carrying value of AHRA’s investment advisory agreement with Home REIT, which is recorded in the line item Impairment loss on goodwill and intangible assets in the Consolidated Statement of Operations. On January 9th, 2024, AlTi RE Public Markets Limited entered into heads of terms to sell 100% of the equity of LRA, the advisor to the publicly-traded fund LXi, to LondonMetric for fixed consideration of approximately $33.1 million and up to an estimated $5.1 million of contingent consideration based on the exchange rate as of the balance sheet date, as applicable. The contingent consideration meets the definition of a derivative and is recorded as Contingent consideration receivable on the Condensed Consolidated Statement of Financial Position as of June 30, 2024. This contingent consideration will be remeasured at fair value at each reporting date in accordance with ASC 820, Fair Value Measurement , with changes in fair value recognized in the Condensed Consolidated Statement of Operations in the period of change. The disposal completed on March 6, 2024. As a result, during the year ended December 31, 2023, AlTi recognized an intangible asset impairment charge of $23.5 million in Impairment loss on goodwill and intangible assets in the Consolidated Statement of Operations. In addition, as of December 31, 2023, the major classes of assets and liabilities of LRA were presented as held for sale in the Consolidated Statement of Financial Position. As of the six months ended June 30, 2024, there was no gain on disposal recognized in Gain (loss) on investments in the Condensed Consolidated Statement of Operations. (2) The Company’s non-amortized intangible assets consist of management contracts for open-ended fund products, in which there is no contractual termination date. (3)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization for finite-lived intangible assets for each of the next five years and thereafter are as follows: (Dollars in Thousands) As of June 30, 2024 2024 $ 6,901 2025 13,801 2026 13,801 2027 13,801 2028 and beyond 211,029 Total $ 259,333

Other assets, net and Other l_2

Other assets, net and Other liabilities, net (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	The following table provides a breakdown of Other assets, net reported on the Condensed Consolidated Statement of Financial Position. (Dollars in Thousands) As of June 30, 2024 As of December 31, 2023 Fixed assets, net: Leasehold improvements $ 7,462 $ 4,978 Office equipment and furniture 3,382 3,489 Foreign currency translation difference (479) (270) Accumulated depreciation and amortization (6,227) (5,665) Fixed assets, net 4,138 2,532 Accrued income 12,252 17,124 Prepaid expenses 19,697 8,045 Sundry receivables 6,097 5,664 Other receivables 13,355 12,204 Other assets 3,170 2,613 Other assets, net (1) $ 58,709 $ 48,182 (1)
Other Liabilities	The following table provides a breakdown of Other liabilities, net reported on the Condensed Consolidated Statement of Financial Position. (Dollars in Thousands) As of June 30, 2024 As of December 31, 2023 AWMS deferred cash consideration 6,857 7,135 PW deferred consideration 3,365 — Payroll — 5,202 Corporation tax payable 2,826 — Sundry 3,593 3,422 Other 4,460 6,709 Other Liabilities, net (1) 21,101 22,467 (1) As of June 30, 2024 and December 31, 2023, these amounts include $11.0 million and $8.4 million, respectively, in liabilities due to related parties. Additionally, certain reclassifications have been made during the current period and are no longer comparable to the year ended December 31, 2023. See Note 16 (Related Party Transactions) and Note 2 (Summary of Significant Accounting Policies), respectively, for further details.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Lease Expense And Supplemental Cash Flow Information	The components of lease costs are as follows: For the Three Months Ended For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Operating lease expense $ 2,675 $ 2,135 $ 5,543 $ 4,061 Variable lease expense 607 1,166 1,162 1,603 Short-term lease expense 53 207 126 412 Total lease expense $ 3,335 $ 3,508 $ 6,831 $ 6,076 Supplemental cash flow information and non-cash activity related to our operating leases are as follows: For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 Operating cash flow information: Operating cash flow from operating leases $ 3,327 $ 3,464 Non-cash activity: Right-of-use assets obtained in exchange for lease obligations 4,103 2,055 Weighted-average remaining lease term and discount rate for our operating leases are as follows: As of June 30, 2024 As of December 31, 2023 Weighted-average remaining lease term 11.60 11.94 Weighted-average discount rate 6.22 % 6.22 %
Lessee, Operating Lease, Liability, Maturity	Future minimum lease payments for the Company’s operating leases as of June 30, 2024, are as follows: Future Minimum Rental Operating Leases (Dollars in Thousands) Rest of 2024 $ 3,986 2025 9,077 2026 8,372 2027 7,833 2028 6,957 2029 and beyond 60,012 Total lease payments 96,237 Less: Imputed interest 31,956 Present value of lease liabilities $ 64,281

Goodwill, net (Tables)

Goodwill, net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following tables provide a reconciliation of Goodwill, net reported on the Condensed Consolidated Statement of Financial Position and Consolidated Statement of Financial Position as of June 30, 2024 and December 31, 2023, respectively. (Dollars in Thousands) Strategic Alternatives Wealth Management Total Beginning Balance Gross goodwill $ 90,480 $ 321,154 $ 411,634 Net goodwill: $ 90,480 $ 321,154 $ 411,634 Goodwill acquired during the period $ — $ 32,317 $ 32,317 Currency translation and other adjustments (1,454) (1,500) (2,954) $ (1,454) $ 30,817 $ 29,363 Ending Balance Gross goodwill $ 89,026 $ 351,971 $ 440,997 Net goodwill $ 89,026 $ 351,971 $ 440,997 (Dollars in Thousands) Strategic Alternatives Wealth Management Total Beginning Balance Gross goodwill $ 232,429 $ — $ 298,118 $ 530,547 Net goodwill: $ 232,429 $ 298,118 $ 530,547 Goodwill acquired during the period $ — $ 18,972 $ 18,972 Impairment charges (153,859) — (153,859) Currency translation and other adjustments 11,910 — 4,064 15,974 $ (141,949) $ 23,036 $ (118,913) Ending Balance Gross goodwill $ 90,480 $ 321,154 $ 411,634 Net goodwill $ 90,480 $ 321,154 $ 411,634

Debt, net of unamortized defe_2

Debt, net of unamortized deferred financing cost (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The following table summarizes outstanding debt obligations of the Company as of June 30, 2024 and December 31, 2023: As of June 30, 2024 As of December 31, 2023 (Dollars in Thousands) Debt Outstanding Net Carrying Value (1) Fair Value (2) Debt Outstanding Net Carrying Value (1) Fair Value (2) Credit Agreement Term Loans $ 41,442 $ 37,978 $ 41,442 95,000 92,603 95,000 Revolving Credit Facility 126,008 126,008 126,008 93,750 93,750 93,750 Total Debt $ 167,450 $ 163,986 $ 167,450 $ 188,750 $ 186,353 $ 188,750 (1) Represents debt outstanding net of unamortized debt issuance costs. (2 ) The fair value of the Term Loans and Revolving Credit Facility approximates carrying value as of June 30, 2024 and December 31, 2023. The fair value is categorized as Level 3 under ASC 820.
Schedule of Maturities of Long-Term Debt	Contractual maturities of the Term Loans as of June 30, 2024, are set out in the table below: (Dollars in Thousands) Aggregate Maturities Rest of 2024 $ 2,500 2025 $ 7,500 2026 $ 10,000 2027 $ 10,000 2028 $ 11,442 Total $ 41,442

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2024
Postemployment Benefits [Abstract]
Schedule of Costs of Retirement Plans	The Company’s contributions are summarized in the following table: (Dollars in Thousands) For the Three Months Ended For the Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Plan Contributions $ 717 $ 858 $ 1,732 $ 1,672

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Related party transactions include the below: (Dollars in Thousands) Related Party Receivables Consolidated Balance Sheet Line Item As of June 30, As of December 31, Due from Certain TWMH Members, TIG GP Members and TIG MGMT Members Other assets $ 541 $ 712 Due from Equity Method Investees Other assets $ 4,107 $ 5,948 Due from Alvarium related fee arrangements Fees receivable, net $ 9 $ 247 Due from TIG related fee arrangements Fees receivable, net $ 822 $ 15,822 Related Party Payables Due to Certain TWMH Members, TIG GP Members and TIG MGMT Members Other Liabilities $ (517) $ — Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements TRA liability $ (24,911) $ (17,607) Delayed share purchase agreement Delayed share purchase agreement $ — $ (1,818) Delayed share purchase agreement Accrued compensation and profit sharing $ — $ (282) Due to Certain TWMH Members, TIG GP Members, TIG MGMT Members and Alvarium Shareholders in connection with the Business Combination Earn-out Earn-out liability, at fair value $ (24,046) $ (62,380) AWMS earn-out liability Earn-out liability, at fair value $ (1,100) $ (1,064) AWMS deferred cash contribution Other liabilities $ (6,857) $ (7,135) Due to Equity Method Investees Other liabilities $ (232) $ (1,277) EEA earn-out liability Earn-out liability, at fair value $ (23,978) $ — PW deferred consideration Other liabilities $ (3,365) $ — Shareholders' Equity Delayed share purchase agreement Additional paid-in capital $ 40 $ (1,178) The Company recognized Management/advisory fees, Compensation and employee benefits, Other income/fees and Interest and dividend income (expense) from its equity method investees on the Condensed Consolidated Statement of Operations, as summarized in the following table: (Dollars in Thousands) For the Three Months Ended For the Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Management/advisory fees $ 140 $ 200 $ 309 $ 1,000 Compensation and employee benefits $ — $ — $ — $ 800 Other income/fees $ (322) $ (800) $ (1,359) $ (700) Interest and dividend income (expense) $ 10 $ (43) $ 16 $ (21)

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents the financial information for the Company’s segments for the periods indicated. Subsequent to June 30, 2024, management has commenced a strategic review of certain businesses within the currently defined Strategic Alternatives segment. This review, which is expected to be completed by the end of the third quarter of 2024, will consider, among other things, potential changes to our legal entity structure as well as the components included within the operating segments outlined below. Refer to Note 21 (Subsequent Events) for further details. For the Three Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 Net Income by Segment Strategic Alternatives Wealth Total Strategic Alternatives Wealth Total Revenue: $ Management/advisory fees $ 6,041 $ 40,988 $ 47,029 $ 12,952 $ 33,892 $ 46,844 Incentive fees 52 1 53 469 — 469 Distributions from investments 2,240 — 2,240 2,203 — 2,203 Other income/fees 220 (89) 131 1,697 72 1,769 Total income $ 8,553 $ 40,900 $ 49,453 $ 17,321 $ 33,964 $ 51,285 Operating Expenses: Compensation and employee benefits 9,900 28,993 38,893 12,306 21,646 33,952 Systems, technology, and telephone 1,165 3,644 4,809 1,388 2,722 4,110 Sales, distribution, and marketing 508 694 1,202 213 355 568 Occupancy costs 1,176 2,849 4,025 975 2,377 3,352 Professional fees 3,784 3,818 7,602 6,757 8,106 14,863 Travel and entertainment 518 808 1,326 510 796 1,306 Depreciation and amortization 406 3,407 3,813 1,518 2,137 3,655 General, administrative, and other 951 1,787 2,738 2,010 528 2,538 Total operating expenses $ 18,408 $ 46,000 $ 64,408 $ 25,677 $ 38,667 $ 64,344 Operating income (loss) (9,855) (5,100) (14,955) (8,356) (4,703) (13,059) Other income (expenses): Impairment loss on goodwill and intangible assets (695) — (695) (29,393) — (29,393) Gain (loss) on investments (721) 12,078 11,357 (5,585) 431 (5,154) Gain (loss) on derivative — — — — — — Gain (loss) on warrant liability 205 204 409 38 38 76 Gain (loss) on earn-out liability (593) (1,352) (1,945) 33,042 33,041 66,083 Gain (loss) on TRA 194 195 389 (896) (896) (1,792) Interest expense (2,390) (2,461) (4,851) (1,634) (1,737) (3,371) Interest income 241 322 563 — — — Other income 2 11 13 (367) (339) (706) Income (loss) before taxes (13,612) 3,897 (9,715) (13,151) 25,835 12,684 Income tax (expenses) benefit 836 (80) 756 7,723 7,723 15,446 Net income (loss) $ (12,776) $ 3,817 $ (8,959) $ (5,428) $ 33,558 $ 28,130 For the Six Months Ended (Dollars in Thousands) June 30, 2024 June 30, 2023 Net Income by Segment Strategic Alternatives Wealth Total Strategic Alternatives Wealth Total Revenue: $ Management/advisory fees $ 15,619 $ 77,634 $ 93,253 $ 27,928 $ 65,386 $ 93,314 Incentive fees 216 — 216 1,046 — 1,046 Distributions from investments 6,410 — 6,410 12,233 — 12,233 Other income/fees 289 97 386 2,629 110 2,739 Total income $ 22,534 $ 77,731 $ 100,265 $ 43,836 $ 65,496 $ 109,332 Operating Expenses: Compensation and employee benefits 22,603 55,847 78,450 39,568 57,556 97,124 Systems, technology, and telephone 2,443 6,680 9,123 2,582 5,357 7,939 Sales, distribution, and marketing 877 1,090 1,967 463 631 1,094 Occupancy costs 2,311 5,191 7,502 2,180 4,352 6,532 Professional fees 8,635 10,337 18,972 19,014 18,733 37,747 Travel and entertainment 1,099 1,638 2,737 1,500 1,752 3,252 Depreciation and amortization 758 5,622 6,380 4,257 3,915 8,172 General, administrative, and other 2,118 2,639 4,757 2,465 1,506 3,971 Total operating expenses $ 40,844 $ 89,044 $ 129,888 $ 72,029 $ 93,802 $ 165,831 Operating income (loss) (18,310) (11,313) (29,623) (28,193) (28,306) (56,499) Other income (expenses): Impairment loss on goodwill and intangible assets (695) — (695) (29,393) — (29,393) Gain (loss) on investments (4,875) 12,571 7,696 (1,312) (392) (1,704) Gain (loss) on derivative — — — — — — Gain (loss) on warrant liability 35 34 69 (6,433) (6,433) (12,866) Gain (loss) on earn-out liability 19,167 18,342 37,509 18,439 18,438 36,877 Gain (loss) on TRA 3,161 3,161 6,322 (1,046) (1,046) (2,092) Interest expense (4,768) (4,923) (9,691) (3,387) (3,245) (6,632) Interest income 364 459 823 — — — Other income 30 (47) (17) (366) (281) (647) Income (loss) before taxes (5,891) 18,284 12,393 (51,691) (21,265) (72,956) Income tax (expenses) benefit 508 (115) 393 5,398 5,398 10,796 Net income (loss) $ (5,383) $ 18,169 $ 12,786 $ (46,293) $ (15,867) $ (62,160) (Dollars in Thousands) Assets by segment As of June 30, 2024 As of December 31, 2023 Strategic Alternatives $ 606,708 $ 675,926 Wealth Management $ 716,022 $ 590,371 Total Assets $ 1,322,730 $ 1,266,297

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The table below presents the Company’s treatment for basic and diluted earnings (loss) per share for instruments outstanding of the Company. Potentially dilutive instruments are only considered in the calculation to the extent they would be dilutive. For the Three Months Ended June 30, 2024 June 30, 2023 Basic Diluted Basic Diluted Class A Shares Included Included Included Included Class B Shares (1) Excluded If-converted method Excluded If-converted method Series C Preferred Shares (2) Two-class method More dilutive of two-class method or if-converted method — — Warrants (3) Excluded Treasury stock method Excluded Treasury stock method Earn-Out Shares (4) Excluded Treasury stock method Excluded Excluded Unvested RSUs Excluded Treasury stock method Excluded Treasury stock method Unvested PRSUs (5) Excluded Treasury stock method — — Holbein Earn-In Shares (6) Excluded Treasury stock method Excluded Treasury stock method For the Six Months Ended June 30, 2024 June 30, 2023 Basic Diluted Basic Diluted Class A Shares Included Included Included Included Class B Shares (1) Excluded If-converted method Excluded If-converted method Series C Preferred Shares (2) Two-class method More dilutive of two-class method or if-converted method — — Warrants (3) Excluded Treasury stock method Excluded Treasury stock method Earn-Out Shares (4) Excluded Treasury stock method Excluded Excluded Unvested RSUs Excluded Treasury stock method Excluded Treasury stock method Unvested PRSUs (5) Excluded Treasury stock method — — Holbein Earn-In Shares (6) Excluded Treasury stock method Excluded Treasury stock method (1) The if-converted method for these instruments includes adding back to the numerator any related income or loss allocations to noncontrolling interest, as well as any incremental tax expense had the instruments converted into Class A Shares as of the beginning of the period. (2) During the first quarter ended March 31, 2024, the Company issued Series C Preferred Shares and Warrants for Class A Shares. The Series C Preferred Shares are entitled to participate in dividends declared on common stock on an as-converted basis. This participation right requires application of the two-class method to calculate basic earnings per share. The two-class method requires income available to common stockholders for the period to be allocated between all participating instruments based upon their respective rights to receive dividends as if all income for the period had been distributed. Basic earnings per share is calculated using the proportion of net income available to be distributed to the common shareholders. Dilutive earnings per share is calculated using the more dilutive of the two-class method or the if-converted method. (3) As mentioned in footnote 2 above, during the first quarter ended March 31, 2024, the Company issued Series C Preferred Shares and Warrants for Class A Shares. The Warrants do not participate in dividends declared on common stock and are excluded from the calculation of basic earnings per share. Since the Warrants are classified as liabilities and remeasured at fair value each period, application of the treasury stock method for calculation of diluted earnings per share includes reversing the income statement effect of the fair value remeasurement for the period. (4) As mentioned in Note 3 (Business Combinations and Divestitures), during the second quarter ended June 30, 2024, the Company entered into a purchase agreement with EEA in which a portion of the estimated contingent consideration could be paid in Class A Common Stock. The Earn-Out Shares are excluded from the calculation of basic earnings per share as EEA’s contingency period has not been completed as of the current reporting period. Since EEA’s estimated contingent consideration is classified as a liability and remeasured at fair value each period, the application of the treasury stock method for calculation of diluted earnings per share includes reversing the income statement effect of the fair value remeasurement for the period. (5) During the second quarter of 2024, the Company granted PRSUs to selected members of AlTi’s executive team. Vesting of the PRSUs is based on meeting certain market conditions and the requisite service period. Unvested PRSUs would be excluded from Basic EPS calculation, but once vested, they would be included in the Basic EPS calculation. The PRSUs would be included in the computation of diluted EPS using the treasury stock method. Assumed proceeds under the treasury stock method consist of unamortized compensation cost. If dilutive, the unvested restricted stock would be considered outstanding as of the later of the beginning of the period or the grant date for diluted EPS computation purposes. If anti-dilutive, it should be excluded from the diluted EPS computation. See discussion of PRSUs in Note 5 (Equity-Based Compensation). ( 6 ) During the third quarter of 2023, the Company modified the Holbein Earn-In shares arrangement such that the settlement of the Earn-In shares would be in shares at each service period. As of June 30, 2024, the service periods related to the Holbein Earn-In shares had not been completed, and therefore such shares have not been included in the calculation of basic earnings (loss) per share for the three and six months ended June 30, 2024 and June 30, 2023. However, in calculating the Company’s diluted earnings (loss) per share, the Company utilized the treasury stock method to determine the potential number of dilutive shares for the three and six months ended June 30, 2024 and June 30, 2023. For the three and six months ended June 30, 2024 and June 30, 2023, the Holbein Earn-In shares were excluded from the Company’s diluted earnings per share calculation as the Earn-In shares were classified as contingently issuable common shares. The key terms of the Holbein Earn-Ins are discussed in Note 5 (Equity-Based Compensation). Basic earnings per share is computed by dividing income attributable to controlling interest by the weighted average number of shares of Class A Common Stock outstanding during the period. Diluted earnings per common share excludes potentially dilutive instruments which were outstanding during the period but were anti-dilutive. The following table shows the computation of basic and diluted earnings per share: For the Three Months Ended For the Six Months Ended (Dollars in Thousands, except share data) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net income (loss) attributable to controlling interest - basic and diluted $ (12,700) $ 42,740 $ 11,031 $ (26,000) Net income (loss) available to the Company - diluted $ (12,700) $ 28,130 $ (208) $ (26,000) Weighted-average shares of Class A Common Stock outstanding - basic 71,738,190 59,286,346 69,228,309 58,425,916 Weighted-average shares of Class A Common Stock outstanding - diluted 71,738,190 114,319,307 119,355,038 58,454,342 Income (loss) per Class A Common Stock - basic $ (0.18) $ 0.72 $ 0.16 $ (0.45) Income (loss) per Class A Common Stock - diluted $ (0.18) $ 0.25 $ — $ (0.44)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following potentially dilutive instruments were excluded from the calculation of diluted net loss per share because their effect would have been antidilutive: For the Three Months Ended For the Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Class B Common Stock and Class B Units — — — 27,516,481 Warrants 2,000,000 — 2,000,000 9,985,626 Earn-outs 10,459,204 10,396,318 10,396,318 10,396,318 Stock Awards — 4,607,089 2,376,487 2,303,545

Description of the Business - N

Description of the Business - Narrative (Details)			3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 03, 2023 shares	Jan. 03, 2023 segment	Jun. 30, 2024 USD ($) $ / shares shares	Mar. 31, 2023 shares	Jun. 30, 2024 USD ($) fund segment category $ / shares shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($)	May 17, 2024 shares	Mar. 27, 2024 shares	Mar. 06, 2024 USD ($)	Jan. 09, 2024 USD ($)	Jun. 07, 2023 shares	Jan. 02, 2023 $ / shares
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Assets under management			$ 71,900,000,000		$ 71,900,000,000
Warrant, exercise price (in dollars per share) | $ / shares														$ 11.50
Number of securities called by warrants or rights (in shares) | shares													19,892,387
Adjustments to additional paid in capital						$ 29,500,000
Warrants, outstanding (in shares) | shares			0		0		0
Number of operating segments | segment		2			2
Number of operating segments, number of revenue generating categories | category					3
Impairment loss on goodwill and intangible assets			$ 700,000		$ 695,000		$ 52,918,000
Wealth Management
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Assets under advisement			55,900,000,000		55,900,000,000		51,000,000,000
Strategic Alternatives | Alternatives platform
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Assets under advisement			7,300,000,000		7,300,000,000		7,600,000,000
Strategic Alternatives | Real Estate Fund Management
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Assets under advisement			$ 8,600,000,000		$ 8,600,000,000		12,700,000,000
Number of funds managed | fund					2
Strategic Alternatives | Real Estate Fund Management | LondonMetric Property Plc | Disposal group, disposed of by sale, not discontinued operations | LXi Reit Advisors Limited (“LRA”)
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Ownership percentage in disposed asset (in percent)												100%
Consideration receivable											$ 33,100,000	$ 33,100,000
Contingent consideration receivable											$ 5,100,000	$ 5,100,000
Impairment loss on goodwill and intangible assets							23,500,000
Gain (loss) on disposal					$ 0
Constellation warrant
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Warrant, exercise price (in dollars per share) | $ / shares			$ 7.40		$ 7.40
Class A Common Stock
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Total voting power (in percent)			55.60%		55.60%
Issuance of shares - exercise of warrants (in shares) | shares	78,864			428,626
Number of securities called by warrants or rights (in shares) | shares			4,962,221		4,962,221								4,962,147
Class A Common Stock | Constellation warrant
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Issuance of shares - exercise of warrants (in shares) | shares					0
Number of securities called by warrants or rights (in shares) | shares			2,000,000		2,000,000				466,667	1,533,333
Class B Common Stock
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Total voting power (in percent)			36.90%		36.90%
Series C Cumulative Convertible Preferred Stock
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Preferred stock, dividend rate (in percent)					9.75%
Preferred stock, dividend rate, per-dollar amount (in dollars per share) | $ / shares					$ 1,000
Preferred stock, total voting power (in percent)			7.50%		7.50%
Series C Cumulative Convertible Preferred Stock | Maximum
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Preferred stock, dividend rate (in percent)					9.75%
Entity owned by management Of Alvarium Home REIT Advisors Ltd (“AHRA”) | Strategic Alternatives | Alvarium RE Limited ("ARE")
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Impairment loss on goodwill and intangible assets							$ 29,400,000
Umbrella
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Voting interest acquired (in percent)		51%
Umbrella | TWMH and TIG Shareholders
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Voting interest acquired (in percent)		49%
TWMH, TIG, and Alvarium | Umbrella
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Voting interest acquired (in percent)		100%
Alvarium Home REIT Advisors Ltd ("AHRA") | Entity owned by management Of Alvarium Home REIT Advisors Ltd (“AHRA”) | Strategic Alternatives | Real Estate Fund Management | Alvarium RE Limited ("ARE")
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Voting interest to be acquired (in percent)								100%
Price of acquisition, expected								$ 29,000,000

Description of the Business - S

Description of the Business - Shares Outstanding (Details) - shares	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Series C Preferred Stock (in shares)	150,000	115,000	0
Class A Common Stock
Class of Stock [Line Items]
Common stock, outstanding (in shares)	72,167,195		65,110,875
Class B Common Stock
Class of Stock [Line Items]
Common stock, outstanding (in shares)	47,978,953		53,219,713

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Prior Period Immaterial Corrections And Reclassfications (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Retained earnings (accumulated deficit)	$ (170,172)		$ (170,172)		$ (193,527)
Accrued compensation and profit sharing	30,087		30,087		61,768
Goodwill	440,997		440,997		411,634	$ 530,547
Other liabilities, net	21,101		21,101		22,467
Accounts payable and accrued expenses	25,350		25,350		37,156
TRA Exchange	(4,586)		(14,064)
Revenues	49,453	$ 51,285	100,265	$ 109,332
Professional fees	7,602	14,863	18,972	37,747
Mapping changes, accounts payable and accrued expenses to accrued compensation and profit sharing
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accrued compensation and profit sharing					4,800
Mapping changes, other liabilities to accrued compensation and profit sharing
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Accrued compensation and profit sharing					3,200
Management/advisory fees
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenues	$ 47,029	$ 46,844	$ 93,253	93,314
Revision of Prior Period, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Retained earnings (accumulated deficit)					(3,000)
Accrued compensation and profit sharing					4,200
Goodwill					(300)
Other liabilities, net					600
Accounts payable and accrued expenses					300
TRA Exchange					$ 13,300
Revision of Prior Period, Reclassification, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Professional fees				(600)
Revision of Prior Period, Reclassification, Adjustment | Management/advisory fees
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenues				$ (600)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Revenue Recognition (Details)	6 Months Ended
	Jun. 30, 2024
Minimum
Disaggregation of Revenue [Line Items]
Percentage of equity value contributed in transaction	0.50%
Percentage of purchase price in acquisition	0.50%
Equity structures, term (in years)	5 years
Equity structures, percentage of equity value committed or drawn	0.50%
Debt structures, term (in months)	12 months
Maximum
Disaggregation of Revenue [Line Items]
Percentage of equity value contributed in transaction	1%
Percentage of purchase price in acquisition	1%
Equity structures, term (in years)	10 years
Equity structures, percentage of equity value committed or drawn	1.75%
Debt structures, term (in months)	36 months

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Distributions from Investment (Details)	Jun. 30, 2024 entity
Accounting Policies [Abstract]
Number of entities in which company is entitled to distributions	3

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Restricted cash and cash equivalents	$ 6.8	$ 5.4

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Intangible Assets Other Than Goodwill, Net (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Impairment loss on goodwill and intangible assets	$ 700	$ 695	$ 52,918

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Goodwill (Details)		3 Months Ended	6 Months Ended	12 Months Ended
	Jan. 03, 2023 segment	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($) segment	Dec. 31, 2023 USD ($)
Goodwill [Line Items]
Number of operating segments | segment	2		2
Impairment charges		$ 0	$ 0	$ 153,859,000
Strategic Alternatives
Goodwill [Line Items]
Impairment charges				153,859,000
Wealth Management
Goodwill [Line Items]
Impairment charges				$ 0

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Fixed Assets (Details) - Property, plant and equipment, other types	Jun. 30, 2024
Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Maximum
Property, Plant and Equipment [Line Items]
Useful life	7 years

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Tax Receivable Agreement (Details)	May 14, 2024 $ / shares shares	Mar. 11, 2024 $ / shares shares	Aug. 31, 2023 $ / shares shares	Jun. 30, 2024	Jan. 03, 2023
Class of Stock [Line Items]
Conversion ratio				1
Class A Common Stock
Class of Stock [Line Items]
Converted shares (in shares) | shares	286,242	4,954,518	1,813,248
Conversion ratio	1	1	1		1
Share price (in dollars per share) | $ / shares	$ 4.69	$ 6.61	$ 7.31

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Warrant Liabilities (Details) - shares		3 Months Ended	6 Months Ended
	Apr. 03, 2023	Mar. 31, 2023	Jun. 30, 2024	May 17, 2024	Mar. 27, 2024	Dec. 31, 2023	Jun. 07, 2023
Class of Warrant or Right [Line Items]
Number of securities called by warrants or rights (in shares)							19,892,387
Warrants, outstanding (in shares)			0			0
Class A Common Stock
Class of Warrant or Right [Line Items]
Number of securities called by warrants or rights (in shares)			4,962,221				4,962,147
Issuance of shares - exercise of warrants (in shares)	78,864	428,626
Class A Common Stock | Constellation warrant
Class of Warrant or Right [Line Items]
Number of securities called by warrants or rights (in shares)			2,000,000	466,667	1,533,333
Issuance of shares - exercise of warrants (in shares)			0

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Business Combination, AWMS Earn-out Liability, East End Advisors Earn-out Liability (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions				6 Months Ended
	Apr. 03, 2024	Aug. 02, 2023	Jan. 03, 2023	Jun. 30, 2024	Dec. 31, 2023	Aug. 01, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Earn-out liability, at fair value				$ 49,124	$ 63,444
Alvarium, TWMH And TIG
Business Acquisition [Line Items]
Total purchase consideration transferred			$ 1,071,116
Earn-out liability, at fair value				24,000	62,400
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Business Acquisition [Line Items]
Voting interest acquired (in percent)		70%
Equity interest (in percent)						30%	30%
Equity interest, including subsequent acquisition (in percent)		100%
Total purchase consideration transferred		$ 16,754
Earn-out liability, at fair value				1,100	$ 1,100
East End Advisors, LLC ("EEA")
Business Acquisition [Line Items]
Total purchase consideration transferred	$ 93,114
Earn-out liability, at fair value	$ 23,300			$ 24,000
Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares | Class A Common Stock
Business Acquisition [Line Items]
Number of earn-out securities (in shares)				3.3
Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares | Class B Common Stock
Business Acquisition [Line Items]
Number of earn-out securities (in shares)				7.1
Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares | Class B units
Business Acquisition [Line Items]
Number of earn-out securities (in shares)				7.1
Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares, tranche one | Class A Common Stock
Business Acquisition [Line Items]
Volume weighted average price (in dollars per share)				$ 12.50
Volume weighted average price, number of trading days				20 days
Volume weighted average price, number of consecutive trading days				30 days
Volume weighted average price, term within closing of transaction (in years)				5 years
Earnout securities to be issued, issued (in percent)				50%
Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares, tranche two | Class A Common Stock
Business Acquisition [Line Items]
Volume weighted average price (in dollars per share)				$ 15
Volume weighted average price, number of trading days				20 days
Volume weighted average price, number of consecutive trading days				30 days
Volume weighted average price, term within closing of transaction (in years)				5 years
Earnout securities to be issued, issued (in percent)				50%

Summary of Significant Accou_13

Summary of Significant Accounting Policies - Delayed Share Purchase Agreement (Details) - USD ($) $ in Thousands		8 Months Ended
	Jul. 27, 2023	Mar. 25, 2024	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Delayed share purchase agreement			$ 0	$ 1,818
Accrued compensation and profit sharing
Business Acquisition [Line Items]
Delayed share purchase agreement				300
Additional paid-in-capital
Business Acquisition [Line Items]
Delayed share purchase agreement				$ 1,200
Tiedemann International Holdings, AG ("TIH") | Tiedemann Wealth Management Holdings, LLC
Business Acquisition [Line Items]
Voting interest acquired (in percent)					51.10%
Cash consideration	$ 2,200	$ 2,100
Tiedemann International Holdings, AG ("TIH") | Tiedemann Wealth Management Holdings, LLC | Class A Common Stock
Business Acquisition [Line Items]
Equity consideration		$ 1,200

Summary of Significant Accou_14

Summary of Significant Accounting Policies - Segment Reporting (Details) $ in Billions		6 Months Ended
	Jan. 03, 2023 segment	Jun. 30, 2024 USD ($) category segment	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment	2	2
Number of operating segments, number of revenue generating categories | category		3
Wealth Management
Segment Reporting Information [Line Items]
Assets under advisement		$ 55.9	$ 51
Strategic Alternatives | Alternatives platform
Segment Reporting Information [Line Items]
Assets under advisement		7.3	7.6
Strategic Alternatives | Fund management
Segment Reporting Information [Line Items]
Assets under advisement		$ 8.6	$ 12.7

Summary of Significant Accou_15

Summary of Significant Accounting Policies - Held for Sale Accounting (Details) - Disposal group, disposed of by sale, not discontinued operations - USD ($) $ in Millions		6 Months Ended
	May 08, 2024	May 08, 2024	Mar. 06, 2024	Jan. 09, 2024	Nov. 06, 2023
Family Office Service ("FOS") | Wealth Management
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected cash consideration					$ 20.1
Adjustment to cash consolidation		$ (0.6)
Cash consideration, net of adjustments	$ 19.5
LXi Reit Advisors Limited (“LRA”) | LondonMetric Property Plc | Strategic Alternatives | Fund management
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration receivable			$ 33.1	$ 33.1
Contingent consideration receivable			$ 5.1	$ 5.1

Business Combinations and Div_3

Business Combinations and Divestitures - Business Combinations, Acquisitions, And Fair Value of Net Assets Acquired and Intangibles (Details) $ / shares in Units, $ in Thousands

6 Months Ended

12 Months Ended

May 09, 2024 USD ($)

May 08, 2024 USD ($)

Apr. 03, 2024 USD ($)

Aug. 02, 2023 USD ($)

Apr. 06, 2023 USD ($)

Jan. 03, 2023 USD ($) segment $ / shares shares

Jun. 30, 2024 USD ($) segment

Dec. 31, 2023 USD ($)

May 14, 2024

Mar. 11, 2024

Aug. 31, 2023

Aug. 01, 2023

Dec. 31, 2022 USD ($)

Business Acquisition [Line Items]

Conversion ratio

1

Number of operating segments | segment

2

2

Goodwill

$ 440,997

$ 411,634

$ 530,547

Earn-out liability, at fair value

49,124

63,444

Alvarium Investment Managers (Suisse) SA (“AIMS”)

Business Acquisition [Line Items]

Equity method investment, ownership percentage (in percent)

30%

Wealth Management

Business Acquisition [Line Items]

Goodwill

351,971

321,154

298,118

Strategic Alternatives

Business Acquisition [Line Items]

Goodwill

89,026

90,480

$ 232,429

Class A Common Stock

Business Acquisition [Line Items]

Conversion ratio

1

1

1

1

Umbrella

Business Acquisition [Line Items]

Voting interest acquired (in percent)

51%

TWMH, TIG, and Alvarium | Umbrella

Business Acquisition [Line Items]

Voting interest acquired (in percent)

100%

Alvarium, TWMH And TIG

Business Acquisition [Line Items]

Acquisition-related costs

$ 17,800

Debt issuance costs

4,600

Total purchase consideration transferred

1,071,116

Earn-out consideration

85,097

Goodwill

$ 530,546

Estimated life (in years)

23 years

Earn-out liability, at fair value

24,000

62,400

Alvarium, TWMH And TIG | Customer relationships

Business Acquisition [Line Items]

Estimated life (in years)

27 years 1 month 6 days

Alvarium, TWMH And TIG | Wealth Management

Business Acquisition [Line Items]

Goodwill

$ 298,100

Alvarium, TWMH And TIG | Strategic Alternatives

Business Acquisition [Line Items]

Goodwill

232,400

Alvarium, TWMH And TIG | Long-term debt

Business Acquisition [Line Items]

Debt issuance costs

1,800

Alvarium, TWMH And TIG | Other assets

Business Acquisition [Line Items]

Debt issuance costs

$ 2,800

Alvarium, TWMH And TIG | Class B Common Stock | CGC Sponsor LLC | The Founder Shares

Business Acquisition [Line Items]

Business combination, shares purchased (in shares) | shares

8,625,000

Consideration received

$ 25

Sale of stock, price per share (in dollars per share) | $ / shares

$ 0.03

Share price | $ / shares

$ 10.33

Conversion of stock upon closing, expense

$ 89,100

AlTi Wealth Management (Singapore) Pte Limited (“ALWP”)

Business Acquisition [Line Items]

Acquisition-related costs

400

Total purchase consideration transferred

$ 15,500

Goodwill

$ 3,836

Estimated life (in years)

10 years

AlTi Wealth Management (Switzerland) SA (“AWMS”)

Business Acquisition [Line Items]

Voting interest acquired (in percent)

70%

Acquisition-related costs

$ 10

Total purchase consideration transferred

16,754

Earn-out consideration

2,721

Goodwill

15,146

Equity interest (in percent)

30%

30%

Fair value of existing equity method investment

7,400

Remeasurement gain

$ 1,900

Earn-out liability, at fair value

1,100

$ 1,100

Equity interest, including subsequent acquisition (in percent)

100%

AlTi Wealth Management (Switzerland) SA (“AWMS”) | Customer relationships

Business Acquisition [Line Items]

Estimated life (in years)

14 years

East End Advisors, LLC ("EEA")

Business Acquisition [Line Items]

Acquisition-related costs

$ 1,300

Total purchase consideration transferred

93,114

Goodwill

25,494

Earn-out liability, at fair value

$ 23,300

$ 24,000

East End Advisors, LLC ("EEA") | Customer relationships

Business Acquisition [Line Items]

Estimated life (in years)

17 years

Pointwise Partners Limited ("PW")

Business Acquisition [Line Items]

Voting interest acquired (in percent)

50%

Total purchase consideration transferred

$ 7,954

Goodwill

$ 6,747

Equity interest (in percent)

50%

Fair value of existing equity method investment

$ 6,200

Remeasurement gain

$ 4,400

Equity interest, including subsequent acquisition (in percent)

100%

Pointwise Partners Limited ("PW") | Customer relationships

Business Acquisition [Line Items]

Estimated life (in years)

14 years

Business Combinations and Div_4

Business Combinations and Divestitures - Purchase Consideration Transferred (Details) - USD ($) $ in Thousands	May 09, 2024	Apr. 03, 2024	Aug. 02, 2023	Jan. 03, 2023
Alvarium, TWMH And TIG
Business Combination, Consideration Transferred [Abstract]
Cash consideration				$ 99,999
Earn-out consideration				85,097
Tax Receivable Agreement				13,000
Deferred consideration				760
Total purchase consideration transferred				1,071,116
Alvarium, TWMH And TIG | Class A Common Stock
Business Combination, Consideration Transferred [Abstract]
Equity consideration				294,159
Alvarium, TWMH And TIG | Class B Common Stock
Business Combination, Consideration Transferred [Abstract]
Equity consideration				573,205
Alvarium, TWMH And TIG | Warrants
Business Combination, Consideration Transferred [Abstract]
Equity consideration				$ 4,896
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Business Combination, Consideration Transferred [Abstract]
Cash consideration			$ 5,711
Equity consideration			1,459
Deferred cash consideration			6,695
Earn-out consideration			2,721
Deferred consideration			168
Total purchase consideration transferred			$ 16,754
East End Advisors, LLC ("EEA")
Business Combination, Consideration Transferred [Abstract]
Cash consideration		$ 69,013
Contingent consideration installments		23,308
Deferred consideration		793
Total purchase consideration transferred		$ 93,114
Pointwise Partners Limited ("PW")
Business Combination, Consideration Transferred [Abstract]
Cash consideration	$ 1,735
Equity consideration	1,705
Deferred consideration	3,328
Settlement of pre-existing relationships	1,186
Total purchase consideration transferred	$ 7,954

Business Combinations and Div_5

Business Combinations and Divestitures - Assets Acquired And Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2024	May 09, 2024	Apr. 03, 2024	Dec. 31, 2023	Aug. 02, 2023	Apr. 06, 2023	Jan. 03, 2023	Dec. 31, 2022
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Goodwill	$ 440,997			$ 411,634				$ 530,547
Wealth Management
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Goodwill	351,971			321,154				298,118
Strategic Alternatives
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Goodwill	$ 89,026			$ 90,480				$ 232,429
Alvarium, TWMH And TIG
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents							$ 24,023
Investments at fair value							148,674
Equity method investments							42,185
Property, plant and equipment							3,996
Intangible assets							520,161
Goodwill							530,546
Operating lease right-of-use assets							28,487
Other assets							47,251
Total Assets Acquired							1,387,704
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable and accrued expenses							72,022
Accrued compensation and profit sharing							25,051
Accrued member distributions payable							12,803
Delayed share purchase agreement							1,818
Earn-in consideration payable							1,519
Operating lease liabilities							29,047
Debt							124,533
Deferred tax liability, net							34,640
Other liabilities							15,149
Total Liabilities Assumed							316,582
Total Assets Acquired and Liabilities Assumed							1,071,122
Non-controlling interest in subsidiaries							(6)
Total Assets Acquired and Liabilities Assumed, Less Noncontrolling Interest							1,071,116
Alvarium, TWMH And TIG | Wealth Management
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Goodwill							298,100
Alvarium, TWMH And TIG | Strategic Alternatives
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Goodwill							232,400
Alvarium, TWMH And TIG | Management/advisory fees
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Management/advisory fees receivable							$ 42,381
AlTi Wealth Management (Singapore) Pte Limited (“ALWP”)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents						$ 1,092
Property, plant and equipment						644
Intangible assets						12,300
Goodwill						3,836
Operating lease right-of-use assets						1,048
Other assets						474
Total Assets Acquired						21,346
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable and accrued expenses						368
Operating lease liabilities						1,048
Other liabilities						4,400
Total Liabilities Assumed						5,816
Total Assets Acquired and Liabilities Assumed						15,530
AlTi Wealth Management (Singapore) Pte Limited (“ALWP”) | Management/advisory fees
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Management/advisory fees receivable						$ 1,952
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents					$ 1,401
Management/advisory fees receivable					1,057
Equity method investments					57
Intangible assets					9,679
Goodwill					15,146
Operating lease right-of-use assets					298
Other assets					323
Total Assets Acquired					27,961
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable and accrued expenses					784
Operating lease liabilities					298
Other liabilities					2,944
Total Liabilities Assumed					4,026
Total Assets Acquired and Liabilities Assumed					$ 23,935
East End Advisors, LLC ("EEA")
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents			$ 218
Intangible assets			67,300
Goodwill			25,494
Operating lease right-of-use assets			2,326
Other assets			1,181
Total Assets Acquired			96,531
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable and accrued expenses			79
Operating lease liabilities			2,326
Other liabilities			1,012
Total Liabilities Assumed			3,417
Total Assets Acquired and Liabilities Assumed			93,114
East End Advisors, LLC ("EEA") | Management/advisory fees
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Management/advisory fees receivable			$ 12
Pointwise Partners Limited ("PW")
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents		$ 269
Intangible assets		9,700
Goodwill		6,747
Other assets		20
Total Assets Acquired		16,736
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities [Abstract]
Accounts payable and accrued expenses		589
Deferred tax liability, net		1,749
Other liabilities		292
Total Liabilities Assumed		2,630
Total Assets Acquired and Liabilities Assumed		$ 14,106

Business Combinations and Div_6

Business Combinations and Divestitures - Intangible Assets (Details) - USD ($) $ in Thousands	May 09, 2024	Apr. 03, 2024	Aug. 02, 2023	Apr. 06, 2023	Jan. 03, 2023
Alvarium, TWMH And TIG
Acquisition Date Fair Value
Total intangible assets acquired					$ 520,161
Estimated life (in years)					23 years
Alvarium, TWMH And TIG | Investment management agreements
Acquisition Date Fair Value
Indefinite-Lived Intangible Assets					$ 245,900
Alvarium, TWMH And TIG | Trade names
Acquisition Date Fair Value
Definite-Lived Intangible Assets					$ 14,695
Estimated life (in years)					9 years 10 months 24 days
Alvarium, TWMH And TIG | Customer relationships
Acquisition Date Fair Value
Definite-Lived Intangible Assets					$ 163,392
Estimated life (in years)					27 years 1 month 6 days
Alvarium, TWMH And TIG | Investment management agreements
Acquisition Date Fair Value
Definite-Lived Intangible Assets					$ 94,575
Estimated life (in years)					18 years 4 months 24 days
Alvarium, TWMH And TIG | Developed Technology
Acquisition Date Fair Value
Definite-Lived Intangible Assets					$ 1,000
Estimated life (in years)					5 years
Alvarium, TWMH And TIG | Backlog
Acquisition Date Fair Value
Definite-Lived Intangible Assets					$ 599
Estimated life (in years)					6 months
AlTi Wealth Management (Singapore) Pte Limited (“ALWP”)
Acquisition Date Fair Value
Definite-Lived Intangible Assets				$ 12,300
Total intangible assets acquired				$ 12,300
Estimated life (in years)				10 years
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Acquisition Date Fair Value
Total intangible assets acquired			$ 9,679
AlTi Wealth Management (Switzerland) SA (“AWMS”) | Customer relationships
Acquisition Date Fair Value
Definite-Lived Intangible Assets			$ 9,679
Estimated life (in years)			14 years
East End Advisors, LLC ("EEA")
Acquisition Date Fair Value
Total intangible assets acquired		$ 67,300
East End Advisors, LLC ("EEA") | Trade names
Acquisition Date Fair Value
Definite-Lived Intangible Assets		$ 1,400
Estimated life (in years)		5 years
East End Advisors, LLC ("EEA") | Customer relationships
Acquisition Date Fair Value
Definite-Lived Intangible Assets		$ 65,600
Estimated life (in years)		17 years
East End Advisors, LLC ("EEA") | Developed Technology
Acquisition Date Fair Value
Definite-Lived Intangible Assets		$ 300
Estimated life (in years)		5 years
Pointwise Partners Limited ("PW")
Acquisition Date Fair Value
Total intangible assets acquired	$ 9,700
Pointwise Partners Limited ("PW") | Customer relationships
Acquisition Date Fair Value
Definite-Lived Intangible Assets	$ 9,700
Estimated life (in years)	14 years

Business Combinations and Div_7

Business Combinations and Divestitures - Pro Forma Financial Information (Details) - AlTi Wealth Management (Switzerland) SA (“AWMS”), AL Wealth Partners Pte. Ltd. (“ALWP”), East End Advisors, LLC ("EEA"), And Pointwise Partners Limited ("PW") - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Total revenue	$ 49,453	$ 57,194	$ 105,160	$ 119,194
Net income (loss)	$ (8,959)	$ 28,160	$ 12,319	$ (62,747)

Business Combinations and Div_8

Business Combinations and Divestitures - Deconsolidation, Disposal, And Assets Held For Sale (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Mar. 06, 2024	Jan. 09, 2024	Nov. 06, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment loss on goodwill and intangible assets	$ 700,000	$ 695,000	$ 52,918,000
Assets held for sale	0	0	56,634,000
Liabilities held for sale	0	0	13,792,000
Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale	0	0	56,634,000
Liabilities held for sale	0	0	13,792,000
Wealth Management | Disposal group, disposed of by sale, not discontinued operations | Family Office Service ("FOS")
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected cash consideration						$ 20,100,000
Gain (loss) on disposal	$ 9,400,000
Alvarium RE Limited ("ARE") | Strategic Alternatives | Entity owned by management Of Alvarium Home REIT Advisors Ltd (“AHRA”)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment loss on goodwill and intangible assets			29,400,000
LondonMetric Property Plc | Strategic Alternatives | Disposal group, disposed of by sale, not discontinued operations | LXi Reit Advisors Limited (“LRA”) | Fund management
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment loss on goodwill and intangible assets			$ 23,500,000
Ownership percentage in disposed asset (in percent)					100%
Consideration receivable				$ 33,100,000	$ 33,100,000
Contingent consideration receivable				$ 5,100,000	$ 5,100,000
Gain (loss) on disposal		$ 0

Business Combinations and Div_9

Business Combinations and Divestitures - Assets and Liabilities Held-For-Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Assets
Cash and cash equivalents	$ 0		$ 2,999
Total assets held for sale	0	$ 56,634
Liabilities
Total liabilities held for sale	0	(13,792)
Held for Sale
Assets
Cash and cash equivalents		2,897
Fees receivable, net		4,792
Intangible assets, net of accumulated amortization		46,658
Operating lease right-of-use assets		434
Deferred tax asset, net		41
Other assets		1,812
Total assets held for sale	0	56,634
Liabilities
Accounts payable and accrued expenses		(1,007)
Operating lease liabilities		(381)
Deferred tax liability, net		(10,852)
Deferred income		(781)
Other liabilities		(772)
Total liabilities held for sale	$ 0	$ (13,792)

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total income	$ 49,453	$ 51,285	$ 100,265	$ 109,332
Management/advisory fees
Disaggregation of Revenue [Line Items]
Total income	47,029	46,844	93,253	93,314
Incentive fees
Disaggregation of Revenue [Line Items]
Total income	53	469	216	1,046
Distributions from investments
Disaggregation of Revenue [Line Items]
Total income	2,240	2,203	6,410	12,233
Other fees/income
Disaggregation of Revenue [Line Items]
Total income	131	1,769	386	2,739
Operating Segments
Disaggregation of Revenue [Line Items]
Total income	49,453	51,285	100,265	109,332
Operating Segments | Management/advisory fees
Disaggregation of Revenue [Line Items]
Total income	47,029	46,844	93,253	93,314
Operating Segments | Incentive fees
Disaggregation of Revenue [Line Items]
Total income	53	469	216	1,046
Operating Segments | Distributions from investments
Disaggregation of Revenue [Line Items]
Total income	2,240	2,203	6,410	12,233
Operating Segments | Other fees/income
Disaggregation of Revenue [Line Items]
Total income	$ 131	$ 1,769	$ 386	$ 2,739

Revenue - Contract with Custome

Revenue - Contract with Customer (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Deferred revenue	$ (221)	$ (66)
Operating Segments | Management/advisory fees
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Contract with customer, receivable	32,069	29,539	$ 30,698
Deferred revenue	(221)	(66)	(945)
Operating Segments | Management/advisory fees | Related party
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Contract with customer, receivable	800	1,200
Operating Segments | Incentive fees
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Contract with customer, receivable	209	40,356	7,570
Operating Segments | Incentive fees | Related party
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Contract with customer, receivable	0	14,900
Operating Segments | Other fees/income
Contract with Customer, Receivable, after Allowance for Credit Loss [Roll Forward]
Contract with customer, receivable	103	526	4,112
Deferred revenue	$ 0	$ 0	$ (422)

Equity-Based Compensation and_3

Equity-Based Compensation and Earn-in Expenses - Narrative (Details) $ / shares in Units, $ in Thousands								3 Months Ended		6 Months Ended		12 Months Ended	13 Months Ended
	Jun. 26, 2024 $ / shares shares	Jun. 05, 2024 $ / shares shares	Mar. 01, 2024 $ / shares shares	Feb. 06, 2024 $ / shares shares	Jul. 14, 2023 USD ($) d	May 31, 2023 $ / shares shares	Mar. 23, 2023 $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2022 $ / shares shares	Jan. 07, 2022 d
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized equity-based compensation expense								$ 30,400		$ 30,400			$ 30,400
Unrecognized equity-based compensation expense, weighted average recognition period (in years)										2 years 3 months 25 days
Share-based payment arrangement, expense								4,989	$ 2,576	$ 11,343	$ 33,134
Earn-in consideration payable								969		$ 969		$ 1,830	969
Holbein Partners, LLP (“Holbein”)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Earn-in expense, cash (in percent)										50%
Earn-in expense, equity (in percent)										50%
Earn-in share-purchase payment period | d															10
Earn-in payment, first date					$ 7,100
Earn-in payment, second date					$ 8,900
Earn-in, share-purchase price, volume weighted average price, number of days | d					20
Earn-in consideration payable								1,000		$ 1,000		$ 1,800	$ 1,000
RSUs
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								$ 2,136	$ 1,515	$ 5,093	$ 31,060
Number of shares vested in period (in shares) | shares										1,823,811	2,534,202
Shares outstanding (in shares) | shares								6,694,972	4,781,009	6,694,972	4,781,009	4,797,464	6,694,972	0
Shares issued in period (in shares) | shares		2,219,661				4,697,317				4,078,237	7,395,306
Fair value of shares issued (in dollars per share) | $ / shares		$ 4.78				$ 4.35		$ 4.90	$ 4.53	$ 4.90	$ 4.53	$ 4.64	$ 4.90	$ 0
Vesting period (in years)		3 years				3 years
Shares forfeited in period (in shares) | shares										356,918	80,095
RSUs | Share-Based Payment Arrangement, Employee
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								$ 1,400	$ 1,500	$ 3,400	$ 1,500
Shares forfeited in period (in shares) | shares													539,545
RSUs | Board of directors
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								$ 600		$ 800
Shares issued in period (in shares) | shares	123,732		138,564				65,554
Fair value of shares issued (in dollars per share) | $ / shares	$ 4.98		$ 5.87				$ 12.56
Vesting period (in years)	12 months		4 months				9 months
RSUs | Class A Common Stock
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Authorized (in shares) | shares								11,788,132		11,788,132			11,788,132
Available for grant (in shares) | shares								735,147		735,147			735,147
TWMH' Restricted Stock Units (RSUs)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense									$ 4,200
Shares outstanding (in shares) | shares								0		0			0
Alvarium employee awards
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense											24,600
Share-based payment arrangement, accelerated cost											$ 21,000
Share-based compensation arrangement, accelerated vesting (in shares) | shares											2,100,000
Alvarium employee awards, benefiting acquirer
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense											$ 3,600
Number of shares vested in period (in shares) | shares											360,485
Nasdaq awards | Class A Common Stock
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares issued in period (in shares) | shares											60,800
Fair value of shares issued (in dollars per share) | $ / shares									$ 10		$ 10
Buy-out equity awards as restricted stock units (RSUs)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								$ 100		$ 900
Shares issued in period (in shares) | shares				29,154
Fair value of shares issued (in dollars per share) | $ / shares				$ 5.36
Vesting period (in years)				2 years
Buy-out equity awards as restricted stock units (RSUs) | Minimum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period (in years)												1 year
Buy-out equity awards as restricted stock units (RSUs) | Maximum
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period (in years)												3 years
Buy-out equity awards as restricted stock units (RSUs) | Class A Common Stock
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense											$ 600
Buy-out equity awards as restricted stock units (RSUs), first grant date
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares issued in period (in shares) | shares												111,148
Fair value of shares issued (in dollars per share) | $ / shares												$ 7.66
Buy-out equity awards as restricted stock units (RSUs), second grant date
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares issued in period (in shares) | shares												118,987
Fair value of shares issued (in dollars per share) | $ / shares												$ 8.72
PRSUs
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								466	$ 0	$ 466	0
Shares issued in period (in shares) | shares		1,567,125
Fair value of shares issued (in dollars per share) | $ / shares		$ 5.76
Vesting period (in years)										3 years
Earn-in expense
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								1,079	1,061	$ 3,045	2,074
Earn-in expense | Holbein Partners, LLP (“Holbein”)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								500	1,100	2,500	2,100
Earn-in expense | East End Advisors, LLC ("EEA")
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								300		300
Earn-in expense | Pointwise Partners Limited ("PW")
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								200		200
Revenue share
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								152	0	364	0
Deferred compensation
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based payment arrangement, expense								$ 1,156	$ 0	$ 2,375	$ 0

Equity-Based Compensation and_4

Equity-Based Compensation and Earn-in Expenses - Equity-Based Compensation Award Activity (Details) - RSUs - $ / shares			6 Months Ended		12 Months Ended
	Jun. 05, 2024	May 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Number of Awards
Restricted common stock awards outstanding at beginning of period (in shares)			4,797,464	0	0
Restricted common stock granted (in shares)	2,219,661	4,697,317	4,078,237	7,395,306
Restricted common stock forfeited (in shares)			(356,918)	(80,095)
Restricted common stock vested (in shares)			(1,823,811)	(2,534,202)
Restricted common stock awards outstanding at end of period (in shares)			6,694,972	4,781,009	4,797,464
Weighted Average Grant Date Fair Value
Restricted common stock awards outstanding at beginning of period (in dollars per share)			$ 4.64	$ 0	$ 0
Restricted common stock granted (in dollars per share)			5.20	6.40
Restricted common stock forfeited (in dollars per share)			4.45	4.35
Restricted common stock vested (in dollars per share)			4.99	9.99
Restricted common stock awards outstanding at end of period (in dollars per share)	$ 4.78	$ 4.35	$ 4.90	$ 4.53	$ 4.64

Equity-Based Compensation and_5

Equity-Based Compensation and Earn-in Expenses - Equity-Based Compensation Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 4,989	$ 2,576	$ 11,343	$ 33,134
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	2,136	1,515	5,093	31,060
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	466	0	466	0
Earn-in expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	1,079	1,061	3,045	2,074
Revenue share
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	152	0	364	0
Deferred compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 1,156	$ 0	$ 2,375	$ 0

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate, percentage	7.80%	(121.80%)	(3.20%)	14.80%

Fair Value Disclosures - Narrat

Fair Value Disclosures - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Warrant liabilities, at fair value	$ 2,934	$ 0

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities Measured At Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Investments at fair value	$ 162,234	$ 165,894
Contingent consideration receivable	1,834	0
Liabilities:
Warrant liabilities, at fair value	2,934	0
Earn-out liability, at fair value	49,124	63,444
TRA liability, fair value	6,911	13,233
Earn-in consideration payable	969	1,830
Fair value, recurring
Assets:
Contingent consideration receivable	1,834
Total	164,068	165,894
Liabilities:
Warrant liabilities, at fair value	2,934
Earn-out liability, at fair value	49,124	63,444
TRA liability, fair value	6,911	13,233
Earn-in consideration payable	969	1,830
Total	59,938	78,507
Mutual funds
Assets:
Investments at fair value	110	75
Mutual funds | Fair value, recurring
Assets:
Investments at fair value	110	75
Exchange-traded funds
Assets:
Investments at fair value	109	108
Exchange-traded funds | Fair value, recurring
Assets:
Investments at fair value	109	108
Investments – external strategic managers | Fair value, recurring
Assets:
Investments at fair value	161,145	164,084
Investments - affiliated funds | Fair value, recurring
Assets:
Investments at fair value	$ 870	$ 1,627
Liabilities:
Redemption, required notice	30 days	30 days
Level 1 | Fair value, recurring
Assets:
Contingent consideration receivable	$ 0
Total	225	$ 190
Liabilities:
Warrant liabilities, at fair value	0
Earn-out liability, at fair value	0	0
TRA liability, fair value	0	0
Earn-in consideration payable	969	1,830
Total	969	1,830
Level 1 | Mutual funds | Fair value, recurring
Assets:
Investments at fair value	110	75
Level 1 | Exchange-traded funds | Fair value, recurring
Assets:
Investments at fair value	109	108
Level 1 | Investments – external strategic managers | Fair value, recurring
Assets:
Investments at fair value	6	7
Level 1 | Investments - affiliated funds | Fair value, recurring
Assets:
Investments at fair value	0	0
Level 2 | Fair value, recurring
Assets:
Contingent consideration receivable	0
Total	0	0
Liabilities:
Warrant liabilities, at fair value	0
Earn-out liability, at fair value	0	0
TRA liability, fair value	0	0
Earn-in consideration payable	0	0
Total	0	0
Level 2 | Mutual funds | Fair value, recurring
Assets:
Investments at fair value	0	0
Level 2 | Exchange-traded funds | Fair value, recurring
Assets:
Investments at fair value	0	0
Level 2 | Investments – external strategic managers | Fair value, recurring
Assets:
Investments at fair value	0	0
Level 2 | Investments - affiliated funds | Fair value, recurring
Assets:
Investments at fair value	0	0
Level 3
Assets:
Contingent consideration receivable	1,834
Liabilities:
Warrant liabilities, at fair value	2,934
TRA liability, fair value	6,911	13,233
Level 3 | Fair value, recurring
Assets:
Contingent consideration receivable	1,834
Total	162,973	164,077
Liabilities:
Warrant liabilities, at fair value	2,934
Earn-out liability, at fair value	49,124	63,444
TRA liability, fair value	6,911	13,233
Earn-in consideration payable	0	0
Total	58,969	76,677
Level 3 | Mutual funds | Fair value, recurring
Assets:
Investments at fair value	0	0
Level 3 | Exchange-traded funds | Fair value, recurring
Assets:
Investments at fair value	0	0
Level 3 | Investments – external strategic managers
Assets:
Investments at fair value	161,139	164,077
Level 3 | Investments – external strategic managers | Fair value, recurring
Assets:
Investments at fair value	161,139	164,077
Level 3 | Investments - affiliated funds | Fair value, recurring
Assets:
Investments at fair value	$ 0	$ 0

Fair Value Disclosures - Change

Fair Value Disclosures - Changes In Fair Value of Level 3 Measurements (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			$ 76,677,000	$ 106,280,000	$ 106,280,000
Issuances			26,311,000		2,721,000
Settlements			0		0
Net gains/(losses)			(44,019,000)		(30,494,000)
Transfers out of Level 3			0		(1,830,000)
Ending balance	$ 58,969,000		58,969,000		76,677,000
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			164,077,000	146,130,000	146,130,000
Realized and Unrealized Gains (Losses)			(3,039,000)		2,580,000
Purchases			1,935,000		15,367,000
Ending balance	162,973,000		162,973,000		164,077,000
TRA liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			13,233,000	13,000,000	13,000,000
Issuances			0		0
Settlements			0		0
Net gains/(losses)			(6,322,000)		233,000
Transfers out of Level 3			0		0
Ending balance	6,911,000		6,911,000		13,233,000
Earn-out liability | Alvarium, TWMH And TIG
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			62,380,000	91,761,000	91,761,000
Issuances			0		0
Settlements			0		0
Net gains/(losses)	1,200,000	$ (66,100,000)	(38,334,000)	(36,900,000)	(29,381,000)
Transfers out of Level 3			0		0
Ending balance	24,046,000		24,046,000		62,380,000
Earn-out liability | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			1,064,000	0	0
Issuances			0		2,721,000
Settlements			0		0
Net gains/(losses)	39,000		36,000		(1,657,000)
Transfers out of Level 3			0		0
Ending balance	1,100,000		1,100,000		1,064,000
Earn-out liability | East End Advisors, LLC ("EEA")
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			0
Issuances			23,308,000
Settlements			0
Net gains/(losses)	700,000		670,000
Transfers out of Level 3			0
Ending balance	23,978,000		23,978,000		0
Warrant liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			0
Issuances			3,003,000
Settlements			0
Net gains/(losses)			(69,000)
Transfers out of Level 3			0
Ending balance	2,934,000		2,934,000		0
Earn-in consideration payable
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			0	1,519,000	1,519,000
Issuances					0
Settlements					0
Net gains/(losses)					311,000
Transfers out of Level 3					(1,830,000)
Ending balance					0
Investments – External Strategic Managers
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			164,077,000	$ 146,130,000	146,130,000
Realized and Unrealized Gains (Losses)			(2,938,000)		2,580,000
Purchases			0		15,367,000
Ending balance	161,139,000		161,139,000		164,077,000
Contingent Consideration Receivable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			0
Realized and Unrealized Gains (Losses)			(101,000)
Purchases			1,935,000
Ending balance	$ 1,834,000		$ 1,834,000		$ 0

Fair Value Disclosures - Valuat

Fair Value Disclosures - Valuation Methodologies (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Apr. 03, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments at fair value	$ 162,234		$ 165,894
Contingent consideration receivable	1,834		0
TRA liability, fair value	6,911		13,233
Earn-out liability, fair value	49,124		63,444
Warrant liabilities, at fair value	2,934		0
Alvarium, TWMH And TIG
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, fair value	24,000		62,400
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, fair value	1,100		1,100
East End Advisors, LLC ("EEA")
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, fair value	24,000	$ 23,300
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration receivable	1,834
TRA liability, fair value	6,911		13,233
Warrant liabilities, at fair value	2,934
Level 3 | Alvarium, TWMH And TIG
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, fair value	24,046		62,380
Level 3 | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, fair value	1,100		$ 1,064
Level 3 | East End Advisors, LLC ("EEA")
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, fair value	$ 23,978
Level 3 | Risk-free rate | Monte Carlo
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration receivable, measurement input (in percent)	0.041
Level 3 | Risk-free rate | Monte Carlo | Alvarium, TWMH And TIG
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.045		0.039
Level 3 | Risk-free rate | Monte Carlo | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.008		0.011
Level 3 | Risk-free rate | Monte Carlo | East End Advisors, LLC ("EEA")
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.044
Level 3 | Risk-free rate | Black-Scholes-Merton model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrant liabilities, measurement input (in percent)	0.044
Level 3 | Volatility | Monte Carlo
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration receivable, measurement input (in percent)	0.262
TRA liability, measurement input (in percent)	0.500		0.400
Level 3 | Volatility | Monte Carlo | Alvarium, TWMH And TIG
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.500		0.400
Level 3 | Volatility | Black-Scholes-Merton model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrant liabilities, measurement input (in percent)	0.390
Level 3 | Credit spread | Monte Carlo
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration receivable, measurement input (in percent)	0.008
Level 3 | Credit spread | Monte Carlo | East End Advisors, LLC ("EEA")
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.128
Level 3 | Correlation | Monte Carlo
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
TRA liability, measurement input (in percent)	0.225		0.200
Level 3 | Cost of debt range | Monte Carlo | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
TRA liability, measurement input (in percent)	0.142		0.041
Level 3 | Cost of debt range | Monte Carlo | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
TRA liability, measurement input (in percent)	0.150		0.051
Level 3 | Equity risk premium | Monte Carlo | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
TRA liability, measurement input (in percent)	0.068		0.074
Level 3 | Equity risk premium | Monte Carlo | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
TRA liability, measurement input (in percent)	0.143		0.131
Level 3 | Volatility | Monte Carlo | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.070		0.140
Level 3 | Revenue Discount Rate | Monte Carlo | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.025		0.035
Level 3 | Liability Discount Rate | Monte Carlo | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.136		0.056
Level 3 | EBITDA Discount Rate | Monte Carlo | East End Advisors, LLC ("EEA")
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)	0.166
Level 3 | Deferred Payment Liability Discount Rate | Monte Carlo | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Earn-out liability, measurement input (in percent)			0.053
Level 3 | Investments – external strategic managers
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments at fair value	$ 161,139		$ 164,077
Level 3 | Investments – external strategic managers | Discount rate | Discounted Cash Flow | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input (in percent)	0.190		0.215
Level 3 | Investments – external strategic managers | Discount rate | Discounted Cash Flow | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input (in percent)	0.29		0.290
Level 3 | Investments – external strategic managers | Long-term growth rate | Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, measurement input (in percent)	0.040		0.040

Equity Method Investments - Equ

Equity Method Investments - Equity Method Investments At Cost and Carrying Value (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	$ 7,504,000		$ 7,504,000		$ 14,194,000
Impairment on its equity method investments	4,000,000	$ 0	4,000,000	$ 300,000
Asset impairment charge	$ 28,200	$ 1,800,000	$ 68,300	$ 1,800,000

Investments - Cost and Fair Val

Investments - Cost and Fair Value of Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Held-to-Maturity Securities [Line Items]
Cost	$ 162,507	$ 163,157
Fair Value	162,234	165,894
Cost	7,504	14,194
Fair Value	7,504	14,194
Total Investments, Cost	170,011	177,351
Total Investments, Fair Value	169,738	180,088
Mutual funds
Schedule of Held-to-Maturity Securities [Line Items]
Cost	124	93
Fair Value	110	75
Exchange-traded funds
Schedule of Held-to-Maturity Securities [Line Items]
Cost	100	105
Fair Value	109	108
TIG Arbitrage Associates Master Fund
Schedule of Held-to-Maturity Securities [Line Items]
Cost	489	482
Fair Value	513	500
TIG Arbitrage Enhanced Master Fund
Schedule of Held-to-Maturity Securities [Line Items]
Cost	179	179
Fair Value	227	231
TIG Arbitrage Enhanced
Schedule of Held-to-Maturity Securities [Line Items]
Cost	0	682
Fair Value	0	776
Arkkan Opportunities Feeder Fund
Schedule of Held-to-Maturity Securities [Line Items]
Cost	111	111
Fair Value	129	119
Arkkan Capital Management Limited
Schedule of Held-to-Maturity Securities [Line Items]
Cost	20,062	20,062
Fair Value	25,352	24,822
Zebedee Asset Management
Schedule of Held-to-Maturity Securities [Line Items]
Cost	68,913	68,913
Fair Value	72,280	69,454
Romspen Investment Corporation
Schedule of Held-to-Maturity Securities [Line Items]
Cost	72,523	72,523
Fair Value	63,508	69,802
Real estate equity method investments
Schedule of Held-to-Maturity Securities [Line Items]
Cost	5,628	9,311
Fair Value	5,628	9,311
Wealth management - investment advisory
Schedule of Held-to-Maturity Securities [Line Items]
Cost	99	2,505
Fair Value	99	2,505
Carried interest vehicles
Schedule of Held-to-Maturity Securities [Line Items]
Cost	1,777	2,378
Fair Value	1,777	2,378
Other
Schedule of Held-to-Maturity Securities [Line Items]
Cost	6	7
Fair Value	$ 6	$ 7

Investments - Unrealized Gains

Investments - Unrealized Gains (Losses) And Realized Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Realized gains (losses)	$ 4	$ 5,685	$ 7	$ 0
Unrealized gains (losses)	1,734	(1,915)	(2,923)	1,864
Total gains (losses) on Investments at fair value	$ 1,738	$ 3,770	$ (2,916)	$ 1,864

Intangible Assets, net - Schedu

Intangible Assets, net - Schedule of Intangible Assets (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Mar. 06, 2024	Jan. 09, 2024
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 279,838,000		$ 279,838,000		$ 303,668,000
Impairment	(700,000)		(695,000)		(52,918,000)
Accumulated Amortization	(19,810,000)		(19,810,000)		(14,061,000)
Net Carrying Amount	259,333,000		259,333,000		189,777,000
Foreign currency translation differences			(1,000,000)		7,400,000
Non-amortized intangible assets
Impairment			0		0
Intangible Assets, Gross Carrying Amount	525,738,000		525,738,000		549,568,000
Intangible Assets, Impairment	(695,000)	$ (29,393,000)	(695,000)	$ (29,393,000)	(52,918,000)
Intangible Assets, Net Carrying Amount	505,233,000		505,233,000		435,677,000
Pointwise Partners Limited ("PW") And East End Advisors, LLC ("EEA")
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired			77,100,000
Alvarium RE Limited ("ARE") | Strategic Alternatives | Entity owned by management Of Alvarium Home REIT Advisors Ltd (“AHRA”)
Finite-Lived Intangible Assets [Line Items]
Impairment					(29,400,000)
Disposal | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					(254,000)
Held for Sale
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					(46,658,000)
Held for Sale | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					(46,658,000)
Disposal group, disposed of by sale, not discontinued operations | LXi Reit Advisors Limited (“LRA”) | LondonMetric Property Plc | Strategic Alternatives | Fund management
Finite-Lived Intangible Assets [Line Items]
Impairment					(23,500,000)
Ownership percentage in disposed asset (in percent)							100%
Consideration receivable						$ 33,100,000	$ 33,100,000
Contingent consideration receivable						$ 5,100,000	$ 5,100,000
Gain (loss) on disposal			0
Investment management agreements
Non-amortized intangible assets
Investment management agreements	$ 245,900,000		$ 245,900,000		$ 245,900,000
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	22 years 9 months 18 days		22 years 9 months 18 days		25 years 3 months 18 days
Gross Carrying Amount	$ 258,765,000		$ 258,765,000		$ 186,832,000
Impairment			0		0
Accumulated Amortization	(12,139,000)		(12,139,000)		(7,180,000)
Net Carrying Amount	$ 246,626,000		$ 246,626,000		177,270,000
Customer relationships | Disposal | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					(254,000)
Customer relationships | Held for Sale | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					$ (2,128,000)
Investment management agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	20 years 7 months 6 days		20 years 7 months 6 days		19 years 7 months 6 days
Gross Carrying Amount	$ 6,673,000		$ 6,673,000		$ 100,269,000
Impairment			(695,000)		(50,283,000)
Accumulated Amortization	(4,619,000)		(4,619,000)		(4,545,000)
Net Carrying Amount	$ 1,359,000		$ 1,359,000		2,142,000
Investment management agreements | Disposal | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					0
Investment management agreements | Held for Sale | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					$ (43,299,000)
Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	9 years 4 months 24 days		9 years 4 months 24 days		10 years
Gross Carrying Amount	$ 12,478,000		$ 12,478,000		$ 14,945,000
Impairment			0		(2,635,000)
Accumulated Amortization	(2,115,000)		(2,115,000)		(1,514,000)
Net Carrying Amount	$ 10,363,000		$ 10,363,000		9,565,000
Trade names | Disposal | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					0
Trade names | Held for Sale | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					$ (1,231,000)
Acquired internally developed software
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	5 years		5 years		5 years
Gross Carrying Amount	$ 1,300,000		$ 1,300,000		$ 1,000,000
Impairment			0		0
Accumulated Amortization	(315,000)		(315,000)		(200,000)
Net Carrying Amount	$ 985,000		$ 985,000		800,000
Acquired internally developed software | Disposal | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					0
Acquired internally developed software | Held for Sale | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					$ 0
Other intangible asset
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	0 years		0 years		0 years
Gross Carrying Amount	$ 622,000		$ 622,000		$ 622,000
Impairment			0		0
Accumulated Amortization	(622,000)		(622,000)		(622,000)
Net Carrying Amount	$ 0		$ 0		0
Other intangible asset | Disposal | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					0
Other intangible asset | Held for Sale | Family Office Service ("FOS")
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net of accumulated amortization					$ 0

Intangible Assets, net - Narrat

Intangible Assets, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 3.4	$ 3.3	$ 5.8	$ 7.6

Intangible Assets, net - Estima

Intangible Assets, net - Estimated Future Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 6,901
2025	13,801
2026	13,801
2027	13,801
2028 and beyond	211,029
Net Carrying Amount	$ 259,333	$ 189,777

Other assets, net and Other l_3

Other assets, net and Other liabilities, net - Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Foreign currency translation difference	$ (479)	$ (270)
Accumulated depreciation and amortization	(6,227)	(5,665)
Fixed assets, net	4,138	2,532
Accrued income	12,252	17,124
Prepaid expenses	19,697	8,045
Sundry receivables	6,097	5,664
Other receivables	13,355	12,204
Other assets	3,170	2,613
Other assets, net	58,709	48,182
Related party | Other assets
Property, Plant and Equipment [Line Items]
Related Party Receivables	4,600	6,700
Leasehold improvements
Property, Plant and Equipment [Line Items]
Fixed assets, gross	7,462	4,978
Office equipment and furniture
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$ 3,382	$ 3,489

Other assets, net and Other l_4

Other assets, net and Other liabilities, net - Other Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	May 09, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Payroll	$ 0		$ 5,202
Corporation tax payable	2,826		0
Sundry	3,593		3,422
Other	4,460		6,709
Other liabilities, net	21,101		22,467
Related party
Property, Plant and Equipment [Line Items]
Other liabilities, net	11,000		8,400
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Property, Plant and Equipment [Line Items]
Deferred cash consideration	6,857		7,135
Pointwise Partners Limited ("PW")
Property, Plant and Equipment [Line Items]
Deferred cash consideration	$ 3,365	$ 3,300	$ 0

Leases - Lease Expense (Details

Leases - Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease expense	$ 2,675	$ 2,135	$ 5,543	$ 4,061
Variable lease expense	607	1,166	1,162	1,603
Short-term lease expense	53	207	126	412
Total lease expense	$ 3,335	$ 3,508	$ 6,831	$ 6,076

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating cash flow information:
Operating cash flow from operating leases	$ 3,327	$ 3,464
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$ 4,103	$ 2,055

Leases - Weighted-average Remai

Leases - Weighted-average Remaining Lease Term And Discount Rate (Details)	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (In years)	11 years 7 months 6 days	11 years 11 months 8 days
Weighted-average discount rate (in percent)	6.22%	6.22%

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Future Minimum Rental Operating Leases
Rest of 2024	$ 3,986
2025	9,077
2026	8,372
2027	7,833
2028	6,957
2029 and beyond	60,012
Total lease payments	96,237
Less: Imputed interest	31,956
Present value of lease liabilities	$ 64,281

Goodwill, net (Details)

Goodwill, net (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Goodwill
Gross goodwill, beginning balance		$ 411,634,000	$ 530,547,000
Goodwill, beginning balance		411,634,000	530,547,000
Goodwill, period increase (decrease)		29,363,000	(118,913,000)
Goodwill acquired during the period		32,317,000	18,972,000
Impairment charges	$ 0	0	(153,859,000)
Currency translation and other adjustments		(2,954,000)	15,974,000
Gross goodwill, ending balance	440,997,000	440,997,000	411,634,000
Goodwill, ending balance	440,997,000	440,997,000	411,634,000
Strategic Alternatives
Goodwill
Gross goodwill, beginning balance		90,480,000	232,429,000
Goodwill, beginning balance		90,480,000	232,429,000
Goodwill, period increase (decrease)		(1,454,000)	(141,949,000)
Goodwill acquired during the period		0	0
Impairment charges			(153,859,000)
Currency translation and other adjustments		(1,454,000)	11,910,000
Gross goodwill, ending balance	89,026,000	89,026,000	90,480,000
Goodwill, ending balance	89,026,000	89,026,000	90,480,000
Wealth Management
Goodwill
Gross goodwill, beginning balance		321,154,000	298,118,000
Goodwill, beginning balance		321,154,000	298,118,000
Goodwill, period increase (decrease)		30,817,000	23,036,000
Goodwill acquired during the period		32,317,000	18,972,000
Impairment charges			0
Currency translation and other adjustments		(1,500,000)	4,064,000
Gross goodwill, ending balance	351,971,000	351,971,000	321,154,000
Goodwill, ending balance	$ 351,971,000	$ 351,971,000	$ 321,154,000

Goodwill, net - Narrative (Deta

Goodwill, net - Narrative (Details) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charge on goodwill	$ 0			$ 0		$ 153,859,000
Impairment loss on intangible assets	$ 695,000	$ 153,600,000	$ 29,393,000	$ 695,000	$ 29,393,000

Debt, net of unamortized defe_3

Debt, net of unamortized deferred financing cost - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Net carrying value	$ 163,986	$ 186,353
Line of credit
Debt Instrument [Line Items]
Debt Outstanding	167,450	188,750
Net carrying value	163,986	186,353
Fair value	167,450	188,750
Term Loans | Credit facility | Line of credit
Debt Instrument [Line Items]
Debt Outstanding	41,442	95,000
Net carrying value	37,978	92,603
Fair value	41,442	95,000
Revolving Credit Facility | Credit facility | Line of credit
Debt Instrument [Line Items]
Debt Outstanding	126,008	93,750
Net carrying value	126,008	93,750
Fair value	$ 126,008	$ 93,750

Debt, net of unamortized defe_4

Debt, net of unamortized deferred financing cost - Narrative (Details) - USD ($)			3 Months Ended		6 Months Ended
	Feb. 22, 2024	Jan. 03, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Nov. 10, 2023
Debt Instrument [Line Items]
Borrowings on term notes and lines of credit					$ 53,612,000	$ 141,950,000
Debt, net of unamortized deferred financing cost			$ 163,986,000		163,986,000		$ 186,353,000
Warrant liabilities, at fair value			2,934,000		2,934,000		0
Gain (loss) on warrant liability			409,000	$ 76,000	69,000	$ (12,866,000)
Alvarium, TWMH And TIG
Debt Instrument [Line Items]
Borrowings on term notes and lines of credit		$ 124,400,000
Line of credit
Debt Instrument [Line Items]
Debt, net of unamortized deferred financing cost			163,986,000		163,986,000		186,353,000
Credit facility | Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity		250,000,000
Credit facility | Line of credit | Term Loans
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 100,000,000
Debt, net of unamortized deferred financing cost			37,978,000		37,978,000		92,603,000
Debt instrument, increase in basis spread on variable rate (in percent)	0.50%
Line of credit facility, commitment fee amount	$ 40,000,000
Credit facility | Line of credit | Term Loans | Minimum | Base rate
Debt Instrument [Line Items]
Basis spread on variable rate		1%
Credit facility | Line of credit | Term Loans | Minimum | Secured overnight financing rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate		2%
Credit facility | Line of credit | Term Loans | Maximum | Base rate
Debt Instrument [Line Items]
Basis spread on variable rate		2%
Credit facility | Line of credit | Term Loans | Maximum | Secured overnight financing rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate		3%
Credit facility | Line of credit | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 150,000,000						$ 110,000,000
Accordion option, additional borrowing capacity		75,000,000
Accordion feature, maximum borrowing capacity		$ 225,000,000
Unfunded commitment			$ 14,000,000		$ 14,000,000		$ 16,300,000
Weighted average interest rate (in percent)			9.50%		9.50%		9%
Debt, net of unamortized deferred financing cost			$ 126,008,000		$ 126,008,000		$ 93,750,000
Reduced credit facility amount								$ 50,000,000

Debt, net of unamortized defe_5

Debt, net of unamortized deferred financing cost - Term Loan Maturities (Details) - Line of credit - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Aggregate Maturities
Total	$ 167,450	$ 188,750
Term Loans | Credit facility
Aggregate Maturities
Rest of 2024	2,500
2025	7,500
2026	10,000
2027	10,000
2028	11,442
Total	$ 41,442	$ 95,000

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Postemployment Benefits [Abstract]
Defined contribution plan, tax status	Qualified Plan [Member]
Contributions payable	$ 1.4

Retirement Plans - Schedule Of

Retirement Plans - Schedule Of Contributions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Postemployment Benefits [Abstract]
Contributions	$ 717	$ 858	$ 1,732	$ 1,672

Related Party Transactions - Sc

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Shareholders' Equity	$ 549,998,000	$ 536,509,000
Related party
Related Party Transaction [Line Items]
Shareholders' Equity	40,000	(1,178,000)
Pointwise Partners Limited ("PW")
Related Party Transaction [Line Items]
Deferred cash consideration	(3,400,000)
Other assets | Related party
Related Party Transaction [Line Items]
Related Party Receivables	4,600,000	6,700,000
Other assets | Equity method investee
Related Party Transaction [Line Items]
Related Party Receivables	4,107,000	5,948,000
Other assets | Due from Certain TWMH Members, TIG GP Members and TIG MGMT Members | Related party
Related Party Transaction [Line Items]
Related Party Receivables	541,000	712,000
Fees receivable, net | Related party | Fees receivable
Related Party Transaction [Line Items]
Related Party Receivables	8,900	247,000
Fees receivable, net | Due from TIG related fee arrangements | Related party | Fees receivable
Related Party Transaction [Line Items]
Related Party Receivables	822,000	15,822,000
Other Liabilities | Equity method investee
Related Party Transaction [Line Items]
Related Party Payables	(232,000)	(1,277,000)
Other Liabilities | Due to Certain TWMH Members, TIG GP Members and TIG MGMT Members | Related party
Related Party Transaction [Line Items]
Related Party Payables	(517,000)	0
Other Liabilities | AlTi Wealth Management (Switzerland) SA (“AWMS”) | Related party
Related Party Transaction [Line Items]
Deferred cash consideration	(6,857,000)	(7,135,000)
Other Liabilities | Pointwise Partners Limited ("PW")
Related Party Transaction [Line Items]
Deferred cash consideration	(3,365,000)	0
TRA liability | Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements | Related party
Related Party Transaction [Line Items]
Related Party Payables	(24,911,000)	(17,607,000)
Delayed share purchase agreement | Related party
Related Party Transaction [Line Items]
Related Party Payables	0	(1,818,000)
Accrued compensation and profit sharing | Related party
Related Party Transaction [Line Items]
Related Party Payables	0	(282,000)
Earn-out liability, at fair value | Due to Certain TWMH Members, TIG GP Members, TIG MGMT Members and Alvarium Shareholders in connection with the Business Combination Earn-out | Related party
Related Party Transaction [Line Items]
Related Party Payables	(24,046,000)	(62,380,000)
Earn-out liability, at fair value | AlTi Wealth Management (Switzerland) SA (“AWMS”) | Related party
Related Party Transaction [Line Items]
Related Party Payables	(1,100,000)	(1,064,000)
Earn-out liability, at fair value | East End Advisors, LLC ("EEA") | Related party
Related Party Transaction [Line Items]
Related Party Payables	$ (23,978,000)	$ 0

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)									3 Months Ended		6 Months Ended		8 Months Ended	12 Months Ended
	May 14, 2024 $ / shares shares	May 09, 2024 USD ($)	Apr. 03, 2024 USD ($)	Mar. 11, 2024 $ / shares shares	Aug. 31, 2023 $ / shares shares	Aug. 02, 2023 USD ($)	Jul. 27, 2023 USD ($)	Jan. 03, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 25, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) anniversary	May 08, 2024	Mar. 14, 2024 USD ($)	Aug. 01, 2023
Related Party Transaction [Line Items]
Other receivables									$ 13,355,000		$ 13,355,000			$ 12,204,000
Delayed share purchase agreement									0		0			1,818,000
Share and cash compensation associated with delayed share purchase agreement									0		40,000
TRA liability									24,911,000		24,911,000			17,607,000
TRA liability, fair value									6,911,000		6,911,000			13,233,000
Tax receivable agreement liability, carrying value									18,000,000		18,000,000			4,400,000
Gain (loss) on TRA									$ 389,000	$ (1,792,000)	$ 6,322,000	$ (2,092,000)
Conversion ratio									1		1
TRA, tax payments and cash distributions											$ 1,500,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value									$ 58,969,000		58,969,000			76,677,000	$ 106,280,000
Net gains/(losses)											(44,019,000)			(30,494,000)
Earn-out liability, at fair value									49,124,000		49,124,000			63,444,000
Accrued compensation and profit sharing
Related Party Transaction [Line Items]
Delayed share purchase agreement														300,000
Additional paid-in-capital
Related Party Transaction [Line Items]
Delayed share purchase agreement														1,200,000
Class A Common Stock
Related Party Transaction [Line Items]
Conversion ratio	1			1	1			1
Share price (in dollars per share) | $ / shares	$ 4.69			$ 6.61	$ 7.31
Converted shares (in shares) | shares	286,242			4,954,518	1,813,248
Tiedemann International Holdings, AG ("TIH") | Tiedemann Wealth Management Holdings, LLC
Related Party Transaction [Line Items]
Cash consideration							$ 2,200,000						$ 2,100,000
Voting interest acquired (in percent)															51.10%
Tiedemann International Holdings, AG ("TIH") | Tiedemann Wealth Management Holdings, LLC | Class A Common Stock
Related Party Transaction [Line Items]
Equity consideration													$ 1,200,000
Alvarium, TWMH And TIG
Related Party Transaction [Line Items]
Cash consideration								$ 99,999,000
Total purchase consideration transferred								1,071,116,000
Earn-out liability, at fair value									24,000,000		24,000,000			62,400,000
Alvarium, TWMH And TIG | Earn-out liability
Related Party Transaction [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value									24,046,000		24,046,000			62,380,000	$ 91,761,000
Net gains/(losses)									1,200,000	(66,100,000)	(38,334,000)	(36,900,000)		(29,381,000)
Alvarium, TWMH And TIG | Class A Common Stock
Related Party Transaction [Line Items]
Equity consideration								$ 294,159,000
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Related Party Transaction [Line Items]
Cash consideration						$ 5,711,000
Equity consideration						$ 1,459,000
Voting interest acquired (in percent)						70%
Equity interest (in percent)															30%			30%
Equity interest, including subsequent acquisition (in percent)						100%
Total purchase consideration transferred						$ 16,754,000
Earn-out liability, at fair value									1,100,000		1,100,000			1,100,000
Deferred cash consideration									6,857,000		6,857,000			7,135,000
AlTi Wealth Management (Switzerland) SA (“AWMS”) | Earn-out liability
Related Party Transaction [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value									1,100,000		1,100,000			1,064,000	$ 0
Net gains/(losses)									39,000		36,000			(1,657,000)
East End Advisors, LLC ("EEA")
Related Party Transaction [Line Items]
Cash consideration			$ 69,013,000
Total purchase consideration transferred			93,114,000
Earn-out liability, at fair value			$ 23,300,000						24,000,000		24,000,000
East End Advisors, LLC ("EEA") | Earn-out liability
Related Party Transaction [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value									23,978,000		23,978,000			0
Net gains/(losses)									700,000		670,000
Pointwise Partners Limited ("PW")
Related Party Transaction [Line Items]
Cash consideration		$ 1,735,000
Equity consideration		$ 1,705,000
Voting interest acquired (in percent)		50%
Equity interest (in percent)																50%
Equity interest, including subsequent acquisition (in percent)		100%
Total purchase consideration transferred		$ 7,954,000
Deferred cash consideration		$ 3,300,000							3,365,000		3,365,000			0
Related party | Fees receivable, net | Fees receivable
Related Party Transaction [Line Items]
Related Party Receivables									8,900		8,900			247,000
TWMH Members | Promissory Notes | Related party
Related Party Transaction [Line Items]
Debt instrument, face amount															$ 1,500,000
Interest rate (in percent)															3.25%
Debt, including debt forgiveness portion															$ 1,100,000
Initial number of periods to determine if principal and accrued interest will be forgiven | anniversary															5
Debt forgiveness, percentage of principal and accrued interest															20%
Due date, upon termination of employment (in days)															30 days
Debt instrument, face amount without debt forgiveness provision															$ 400,000
Forgiveness of debt shareholder loan									58,000	$ 65,000	116,000	$ 131,000
Other receivables									$ 500,000		$ 500,000			700,000
Certain TWMH Member | Promissory Notes | Related party
Related Party Transaction [Line Items]
Debt instrument, face amount without debt forgiveness provision																	$ 700,000
Due from Certain TWMH Members, TIG GP Members and TIG MGMT Members
Related Party Transaction [Line Items]
TRA, payment, percentage of tax benefit received									85%		85%
Tax receivable agreement, administering costs and expenses, percentage of obligation of company									15%		15%
TRA, administering costs and expenses, percentage of obligation by affiliated entity									85%		85%
Pointwise Partners Limited ("PW")
Related Party Transaction [Line Items]
Deferred cash consideration									$ 3,400,000		$ 3,400,000
Due from TIG related fee arrangements | Related party | Fees receivable, net | Fees receivable
Related Party Transaction [Line Items]
Related Party Receivables									$ 822,000		$ 822,000			$ 15,822,000

Related Party Transactions - St

Related Party Transactions - Structure of Related Business Entities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Total income			$ (1,046)	$ (1,654)
Equity method investee
Related Party Transaction [Line Items]
Total income	$ 10	$ (43)	16	(21)
Equity method investee | Management/advisory fees
Related Party Transaction [Line Items]
Total income	140	200	309	1,000
Equity method investee | Compensation and employee benefits
Related Party Transaction [Line Items]
Total income	0	0	0	800
Equity method investee | Other fees/income
Related Party Transaction [Line Items]
Total income	$ (322)	$ (800)	$ (1,359)	$ (700)

Segment Reporting - Narrative (

Segment Reporting - Narrative (Details) - segment		6 Months Ended
	Jan. 03, 2023	Jun. 30, 2024
Segment Reporting [Abstract]
Number of operating segments	2	2

Segment Reporting - Net Income

Segment Reporting - Net Income By Segment (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Total income	$ 49,453,000		$ 51,285,000	$ 100,265,000	$ 109,332,000
Operating Expenses:
Compensation and employee benefits	38,893,000		33,952,000	78,450,000	97,124,000
Systems, technology and telephone	4,809,000		4,110,000	9,123,000	7,939,000
Sales, distribution and marketing	1,202,000		568,000	1,967,000	1,094,000
Occupancy costs	4,025,000		3,352,000	7,502,000	6,532,000
Professional fees	7,602,000		14,863,000	18,972,000	37,747,000
Travel and entertainment	1,326,000		1,306,000	2,737,000	3,252,000
Depreciation and amortization	3,813,000		3,655,000	6,380,000	8,172,000
General, administrative and other	2,738,000		2,538,000	4,757,000	3,971,000
Total operating expenses	64,408,000		64,344,000	129,888,000	165,831,000
Total operating income (loss)	(14,955,000)		(13,059,000)	(29,623,000)	(56,499,000)
Impairment loss on intangible assets	(695,000)	$ (153,600,000)	(29,393,000)	(695,000)	(29,393,000)
Gain (loss) on investments	11,357,000		(5,154,000)	7,696,000	(1,704,000)
Gain (loss) on derivative	0		0	0	0
Gain (loss) on warrant liability	409,000		76,000	69,000	(12,866,000)
Gain (loss) on earnout liability	(1,945,000)		66,083,000	37,509,000	36,877,000
Gain (loss) on TRA	389,000		(1,792,000)	6,322,000	(2,092,000)
Interest expense	(4,851,000)		(3,371,000)	(9,691,000)	(6,632,000)
Interest income	563,000		0	823,000	0
Other income	13,000		(706,000)	(17,000)	(647,000)
Income (loss) before taxes	(9,715,000)		12,684,000	12,393,000	(72,956,000)
Income tax (expense) benefit	756,000		15,446,000	393,000	10,796,000
Net income (loss)	(8,959,000)		28,130,000	12,786,000	(62,160,000)
Strategic Alternatives
Revenue:
Total income	8,553,000		17,321,000	22,534,000	43,836,000
Operating Expenses:
Compensation and employee benefits	9,900,000		12,306,000	22,603,000	39,568,000
Systems, technology and telephone	1,165,000		1,388,000	2,443,000	2,582,000
Sales, distribution and marketing	508,000		213,000	877,000	463,000
Occupancy costs	1,176,000		975,000	2,311,000	2,180,000
Professional fees	3,784,000		6,757,000	8,635,000	19,014,000
Travel and entertainment	518,000		510,000	1,099,000	1,500,000
Depreciation and amortization	406,000		1,518,000	758,000	4,257,000
General, administrative and other	951,000		2,010,000	2,118,000	2,465,000
Total operating expenses	18,408,000		25,677,000	40,844,000	72,029,000
Total operating income (loss)	(9,855,000)		(8,356,000)	(18,310,000)	(28,193,000)
Impairment loss on intangible assets	(695,000)		(29,393,000)	(695,000)
Gain (loss) on investments	(721,000)		(5,585,000)	(4,875,000)	(1,312,000)
Gain (loss) on derivative	0		0	0	0
Gain (loss) on warrant liability	205,000		38,000	35,000	(6,433,000)
Gain (loss) on earnout liability	(593,000)		33,042,000	19,167,000	18,439,000
Gain (loss) on TRA	194,000		(896,000)	3,161,000	(1,046,000)
Interest expense	(2,390,000)		(1,634,000)	(4,768,000)	(3,387,000)
Interest income	241,000		0	364,000	0
Other income	2,000		(367,000)	30,000	(366,000)
Income (loss) before taxes	(13,612,000)		(13,151,000)	(5,891,000)	(51,691,000)
Income tax (expense) benefit	836,000		7,723,000	508,000	5,398,000
Net income (loss)	(12,776,000)		(5,428,000)	(5,383,000)	(46,293,000)
Wealth Management
Revenue:
Total income	40,900,000		33,964,000	77,731,000	65,496,000
Operating Expenses:
Compensation and employee benefits	28,993,000		21,646,000	55,847,000	57,556,000
Systems, technology and telephone	3,644,000		2,722,000	6,680,000	5,357,000
Sales, distribution and marketing	694,000		355,000	1,090,000	631,000
Occupancy costs	2,849,000		2,377,000	5,191,000	4,352,000
Professional fees	3,818,000		8,106,000	10,337,000	18,733,000
Travel and entertainment	808,000		796,000	1,638,000	1,752,000
Depreciation and amortization	3,407,000		2,137,000	5,622,000	3,915,000
General, administrative and other	1,787,000		528,000	2,639,000	1,506,000
Total operating expenses	46,000,000		38,667,000	89,044,000	93,802,000
Total operating income (loss)	(5,100,000)		(4,703,000)	(11,313,000)	(28,306,000)
Impairment loss on intangible assets	0		0	0	0
Gain (loss) on investments	12,078,000		431,000	12,571,000	(392,000)
Gain (loss) on derivative	0		0	0	0
Gain (loss) on warrant liability	204,000		38,000	34,000	(6,433,000)
Gain (loss) on earnout liability	(1,352,000)		33,041,000	18,342,000	18,438,000
Gain (loss) on TRA	195,000		(896,000)	3,161,000	(1,046,000)
Interest expense	(2,461,000)		(1,737,000)	(4,923,000)	(3,245,000)
Interest income	322,000		0	459,000	0
Other income	11,000		(339,000)	(47,000)	(281,000)
Income (loss) before taxes	3,897,000		25,835,000	18,284,000	(21,265,000)
Income tax (expense) benefit	(80,000)		7,723,000	(115,000)	5,398,000
Net income (loss)	3,817,000		33,558,000	18,169,000	(15,867,000)
Management/advisory fees
Revenue:
Total income	47,029,000		46,844,000	93,253,000	93,314,000
Management/advisory fees | Strategic Alternatives
Revenue:
Total income	6,041,000		12,952,000	15,619,000	27,928,000
Management/advisory fees | Wealth Management
Revenue:
Total income	40,988,000		33,892,000	77,634,000	65,386,000
Incentive fees
Revenue:
Total income	53,000		469,000	216,000	1,046,000
Incentive fees | Strategic Alternatives
Revenue:
Total income	52,000		469,000	216,000	1,046,000
Incentive fees | Wealth Management
Revenue:
Total income	1,000		0	0	0
Distributions from investments
Revenue:
Total income	2,240,000		2,203,000	6,410,000	12,233,000
Distributions from investments | Strategic Alternatives
Revenue:
Total income	2,240,000		2,203,000	6,410,000	12,233,000
Distributions from investments | Wealth Management
Revenue:
Total income	0		0	0	0
Other fees/income
Revenue:
Total income	131,000		1,769,000	386,000	2,739,000
Other fees/income | Strategic Alternatives
Revenue:
Total income	220,000		1,697,000	289,000	2,629,000
Other fees/income | Wealth Management
Revenue:
Total income	$ (89,000)		$ 72,000	$ 97,000	$ 110,000

Segment Reporting - Assets By S

Segment Reporting - Assets By Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total Assets	$ 1,322,730	$ 1,266,297
Strategic Alternatives
Segment Reporting Information [Line Items]
Total Assets	606,708	675,926
Wealth Management
Segment Reporting Information [Line Items]
Total Assets	$ 716,022	$ 590,371

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income (loss) attributable to controlling interest - basic	$ (12,700)	$ 42,740	$ 11,031	$ (26,000)
Net income (loss) attributable to controlling interest - diluted	(12,700)	42,740	11,031	(26,000)
Net income (loss) available to the Company - diluted	$ (12,700)	$ 28,130	$ (208)	$ (26,000)
Weighted-average shares of class A common stock outstanding - basic (in shares)	71,738,190	59,286,346	69,228,309	58,425,916
Weighted-average shares of class A common stock outstanding - basic (in shares)	71,738,190	114,319,307	119,355,038	58,454,342
Income (loss) per class A common stock - basic (in dollars per share)	$ (0.18)	$ 0.72	$ 0.16	$ (0.45)
Income (loss) per class A common stock - diluted (in dollars per share)	$ (0.18)	$ 0.25	$ 0	$ (0.44)

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Class B Common Stock and Class B Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	0	0	0	27,516,481
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	2,000,000	0	2,000,000	9,985,626
Earn-outs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	10,459,204	10,396,318	10,396,318	10,396,318
Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	0	4,607,089	2,376,487	2,303,545

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ / shares in Units, $ in Thousands							18 Months Ended
	May 14, 2024 $ / shares shares	Apr. 03, 2024 USD ($)	Mar. 11, 2024 $ / shares shares	Aug. 31, 2023 $ / shares shares	Aug. 02, 2023 USD ($)	Jan. 03, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Apr. 12, 2024	Aug. 01, 2023	Dec. 31, 2022
Other Commitments [Line Items]
TRA liability (includes $6,911 and $13,233 at fair value, respectively)							$ 17,607	$ 24,911
TRA liability, fair value							13,233	$ 6,911
Conversion ratio								1
Earn-out liability, at fair value							$ 63,444	$ 49,124
Percentage of losses sought									100%
Percentage decline in real estate investment portfolio							50%
Alvarium, TWMH And TIG
Other Commitments [Line Items]
Earn-out liability, at fair value							$ 62,400	24,000
Total purchase consideration transferred						$ 1,071,116
AlTi Wealth Management (Switzerland) SA (“AWMS”)
Other Commitments [Line Items]
Earn-out liability, at fair value							1,100	1,100
Voting interest acquired (in percent)					70%
Equity interest (in percent)										30%	30%
Equity interest, including subsequent acquisition (in percent)					100%
Total purchase consideration transferred					$ 16,754
East End Advisors, LLC ("EEA")
Other Commitments [Line Items]
Earn-out liability, at fair value		$ 23,300						24,000
Total purchase consideration transferred		$ 93,114
Class A Common Stock
Other Commitments [Line Items]
Conversion ratio	1		1	1		1
Converted shares (in shares) | shares	286,242		4,954,518	1,813,248
Share price (in dollars per share) | $ / shares	$ 4.69		$ 6.61	$ 7.31
Level 3
Other Commitments [Line Items]
TRA liability, fair value							13,233	6,911
Level 3 | Alvarium, TWMH And TIG
Other Commitments [Line Items]
Earn-out liability, at fair value							62,380	24,046
Level 3 | AlTi Wealth Management (Switzerland) SA (“AWMS”)
Other Commitments [Line Items]
Earn-out liability, at fair value							$ 1,064	1,100
Level 3 | East End Advisors, LLC ("EEA")
Other Commitments [Line Items]
Earn-out liability, at fair value								$ 23,978

Equity (Details)

Equity (Details) - shares	Jun. 30, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Series C Redeemable Cumulative Convertible Preferred Stock, issued (in shares)	150,000	0
Class A Common Stock
Class of Stock [Line Items]
Common stock, outstanding (in shares)	72,167,195	65,110,875
Common stock, shares, outstanding, subject to forfeiture (in shares)	754,968	754,968
Class B Common Stock
Class of Stock [Line Items]
Common stock, outstanding (in shares)	47,978,953	53,219,713

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, $ in Millions	Jul. 31, 2024 USD ($) director $ / shares shares	Jul. 01, 2024 USD ($)	Jun. 30, 2024 $ / shares shares	Dec. 31, 2023 $ / shares	Jun. 07, 2023 shares
Subsequent Event [Line Items]
Number of securities called by warrants or rights (in shares)					19,892,387
Class A Common Stock
Subsequent Event [Line Items]
Number of securities called by warrants or rights (in shares)			4,962,221		4,962,147
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001
Subsequent event | Allianz Strategic Investments S.à.r.l. (“Allianz”) | Allianz Investment Agreement
Subsequent Event [Line Items]
Consideration received | $	$ 250
Subsequent event | Allianz Strategic Investments S.à.r.l. (“Allianz”) | Series A Cumulative Convertible Preferred Stock | Allianz Investment Agreement
Subsequent Event [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	140,000
Subsequent event | Allianz Strategic Investments S.à.r.l. (“Allianz”) | Class A Common Stock | Allianz Investment Agreement
Subsequent Event [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	19,318,580.96
Number of securities called by warrants or rights (in shares)	5,000,000
Threshold percentage of ownership	50%
Number of directors available for nomination | director	2
Subsequent event | Allianz Strategic Investments S.à.r.l. (“Allianz”) | Common Class C | Allianz Investment Agreement
Subsequent Event [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001
Envoi, LLC (“Envoi”) | Subsequent event
Subsequent Event [Line Items]
Total purchase consideration transferred | $		$ 25.2
Future payments based on earnings, term (in years)		4 years