Key milestone follows 12 consecutive quarters
of net inflows
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
announced its total assets under management (AUM) crossed $100
billion, driven by 12 consecutive quarters of net inflows and
best-in-class 16% annualized organic growth relative to its
publicly traded asset manager peers.
The milestone celebrates a 17-year journey and highlights
WisdomTree’s well-diversified global suite of exchange-traded
products (ETPs), models and solutions, including record U.S. AUM of
$72.8 billion and WisdomTree models now available to over 65,000
financial advisors nationwide.
The milestone also celebrates WisdomTree’s successful expansion
into Europe and termination of its contractual gold payments
obligation, which has added over 500 basis points to WisdomTree’s
operating margins.
Jarrett Lilien, WisdomTree President and COO, said, “Our formula
is straightforward and repeatable. It’s about growth – today’s and
tomorrow’s, it’s about efficiency and it’s about team. It’s also
about staying true to our core competencies and our mission, vision
and values. This milestone is a testament to our focus and
discipline and also has led to our leadership position in
tokenization and blockchain-enabled finance.”
WisdomTree announced the launch of WisdomTree Prime™ earlier
this year, providing users with a curated and user-friendly
investing experience covering a wide variety of asset classes all
within a blockchain-native ecosystem. This includes a select suite
of crypto assets including bitcoin, ether, and tokenized physical
assets like gold. Mainstream traditional asset classes, via
WisdomTree Digital Funds*, are also available via WisdomTree
Prime.
Jonathan Steinberg, WisdomTree Founder and CEO, said,
“WisdomTree’s mission has always been about creating a better
experience for investors, and this remains at the forefront of what
we do. I’ve always said, if we can get to $5 billion, we can get to
$50 billion, and if we can get to $50 billion, we can get to $100
billion. This is by no means the finish line but rather the
starting line and we’re excited for what’s to come.”
About WisdomTree
WisdomTree is a global financial innovator, offering a
well-diversified suite of exchange-traded products (ETPs), models,
solutions and products leveraging blockchain-enabled technology. We
empower investors and consumers to shape their future and support
financial professionals to better serve their clients and grow
their businesses. WisdomTree is leveraging the latest financial
infrastructure to create products that provide access, transparency
and an enhanced user experience. Building on our heritage of
innovation, we are also developing and have launched
next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime™.*
*The WisdomTree Prime digital wallet and digital asset services
are made available through WisdomTree Digital Movement, Inc. (NMLS
ID: 2372500) in select U.S. jurisdictions and may be limited where
prohibited by law. Visit https://www.wisdomtreeprime.com or the
WisdomTree Prime mobile app for more information.
WisdomTree currently has approximately $100.2 billion in assets
under management globally.
For more information about WisdomTree and WisdomTree Prime™,
visit: https://www.wisdomtree.com.
Please visit us on X, formerly known as Twitter, at
@WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its
subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY
LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT
AGENCY
The products and services available through the WisdomTree Prime
app are not endorsed, indemnified or guaranteed by any regulatory
agency.
WisdomTree Digital Funds – Important Information
Carefully consider the investment objectives, risks, charges,
and expenses of the Digital Funds before investing. To obtain a
prospectus containing this and other important information, please
visit https://www.wisdomtree.com/investments. Read the prospectus
carefully before investing.
Each WisdomTree Digital Fund (each, a “Digital Fund”) invests in
fixed income securities , equity securities or other assets as
further described in each Digital Fund’s prospectus. Reference to
“blockchain enabled” is meant to reflect the fact that each Digital
Fund uses blockchain technology. The Digital Funds will not invest
in any digital assets, such as bitcoin.
A blockchain is an open, distributed ledger that digitally
records transactions in a verifiable and immutable (i.e.,
permanent) way using cryptography. A distributed ledger is a
database in which data is stored in a decentralized manner.
Cryptography is a method of storing and transmitting data in a
particular form so that only those for whom it is intended can read
and process it. A blockchain stores transaction data in “blocks”
that are linked together to form a “chain”, and hence the name
blockchain.
There are risks associated with investing, including possible
loss of principal. Because each Digital Fund is new, it has no
performance history. Blockchain technology is a relatively new and
untested technology, with little regulation. Blockchain systems
could be vulnerable to fraud, particularly if a significant
minority of participants colluded to defraud the rest. Potential
risks also include vulnerability to theft, or inaccessibility, and
future regulatory developments could affect its viability.
Cybersecurity attacks affecting a Digital Fund’s third-party
service providers, the mobile phone application used to transact in
Digital Fund shares, blockchain network, or the issuers of
securities in which the Digital Fund invests may subject the
Digital Fund to many of the same risks associated with direct
cybersecurity breaches.
*WisdomTree Digital Funds are distributed by Foreside Fund
Services, LLC. Foreside is not affiliated with WisdomTree,
WisdomTree Prime, WisdomTree Digital Trust nor any entity mentioned
in the press release.
WisdomTree Prime – Important Information
Although WisdomTree Transfers, Inc., the Fund’s transfer agent,
will maintain the official record of share ownership in book-entry
form, the ownership of a Digital Fund’s shares will also be
recorded – or digitized – on the Stellar other blockchains. In
order to facilitate the use of blockchain technology, a potential
shareholder must have a blockchain wallet. WisdomTree Digital
Movement, Inc. (“WisdomTree Digital”, as further described below)
provides a hosted Stellar-based wallet through the mobile
application, WisdomTree Prime. Through the app, Digital Fund
investors may purchase, hold, sell or transfer their shares.
WisdomTree Securities, Inc., an affiliate of WisdomTree Transfers
and WisdomTree Digital, facilitates the ability for Digital Fund
investors on an “application-way” basis to purchase or sell Digital
Fund shares through the App. Brokerage commissions apply.
Digital assets (e.g., bitcoin and ether) are considered to be
highly speculative, involve a high degree of risk and have the
potential for loss of the entire investment. The WisdomTree
Prime digital wallet and digital asset services are made available
through WisdomTree Digital Movement, Inc. (NMLS ID: 2372500). The
WisdomTree Prime digital wallet and digital asset services are
available in select U.S. jurisdictions and may be limited where
prohibited by law. Please visit www.wisdomtreeprime.com or the
WisdomTree Prime mobile app for more information.
References to “tokenized gold” refer to the WisdomTree Gold
Token, a digital token recorded on the blockchain representing
electronic document of title to physical gold. The price of gold
does fluctuate and may be affected by numerous factors including
supply and demand, the global financial markets and other
political, financial, or economic events, which may negatively
impact gold prices and the value of a WisdomTree Gold Token.
The information herein, including references to “curated” and
“select” (which refers to the limited types of assets available
within the WisdomTree Prime app), should not be relied on and is
not a substitute for the skill, judgment and experience of the user
when making investment and other business decisions. All
Information is impersonal and not tailored to the needs of any
person, entity or group of persons. None of the information
constitutes an offer to sell or a solicitation of an offer to buy,
any security or other asset, financial product or other investment
vehicle or any trading strategy.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about our ability to achieve our financial
and business plans, goals and objectives and drive stockholder
value, including with respect to our ability to successfully
implement our strategy relating to WisdomTree Prime™, our ability
to continue to make achievements in AUM, levels of net inflows and
other risk factors discussed from time to time in WisdomTree’s
filings with the Securities and Exchange Commission (“SEC”),
including those factors discussed under the caption “Risk Factors”
in our most recent annual report on Form 10-K, filed with the SEC
on February 28, 2023, and in subsequent reports filed with or
furnished to the SEC. These forward-looking statements are based on
WisdomTree’s management’s current expectations, estimates,
projections and beliefs, as well as a number of assumptions
concerning future events. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
WisdomTree’s management’s control, that could cause actual results
to differ materially from the results discussed in the
forward-looking statements. Forward-looking statements included in
this release speak only as of the date of this release. WisdomTree
does not undertake any obligation to update its forward-looking
statements to reflect events or circumstances after the date of
this release except as may be required by the federal securities
laws.
Category: Business Update
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231214871910/en/
Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735
jzaloom@wisdomtree.com / wisdomtree@fullyvested.com
Investor Relations WisdomTree, Inc. Jeremy Campbell
+1.646.522.2602 Jeremy.Campbell@wisdomtree.com
WisdomTree (NYSE:WT)
Historical Stock Chart
From Apr 2024 to May 2024
WisdomTree (NYSE:WT)
Historical Stock Chart
From May 2023 to May 2024