Tiedemann Acquires AL Wealth


June 12, 2023

On May 16, 2023, Seward & Kissel client Alvarium Tiedemann Holdings announced that it will acquire AL Wealth Partners. 

Under the terms of the transaction, Alvarium Tiedemann Holdings (“Tiedemann”) will acquire AL Wealth Partners (“AL Wealth”). Following the acquisition, AL Wealth founders Anthonia Hui and Leonardo Drago will continue to lead Tiedemann’s wealth management offering in Singapore. Further terms of the deal were not disclosed.

Tiedemann, based in New York, (NASDAQ: ALTI) is an independent global wealth and asset manager, providing entrepreneurs, multi-generational families, institutions, and leaders with fiduciary capabilities and alternative investment strategies and advisory services. As of May 2023, Tiedemann had approximately $65 billion in assets under management.

AL Wealth, based in Singapore, is a wealth manager, providing investment and fund management services to endowments and family offices and wealth advisory services to accredited individuals. As of May 2023, AL Wealth had $1.5 billion in assets under management.

To read the press release: please click here.

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