WisdomTree Investments

ETFS Capital Releases Letter to Fellow WisdomTree Stockholders

Retrieved on: 
Thursday, March 21, 2024
Bitcoin, Failure, Common stock, Letter, WisdomTree Investments, ETF, ALL, Sale, Hope, Disclosure, Decentralized finance, AUM, Management

NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- ETFS Capital Limited (“ETFS Capital”), the largest combined owner of common stock, $0.01 par value (the “Common Stock”), and Series A Non-Voting Convertible Preferred Stock (the “Series A Preferred Stock”) of WisdomTree, Inc. (“WisdomTree” or the “Company”) (NYSE: WT), with ownership of approximately 10.2% of the outstanding Common Stock, which together with its Series A Preferred Stock would represent approximately 18.3% of the Company’s outstanding Common Stock on an as-converted basis, today released a letter to its fellow WisdomTree shareholders, responding to a public letter from WisdomTree board of director’s (the “Board”) to ETFS Capital’s Chairman, Mr. Graham Tuckwell.

Key Points: 
  • WisdomTree Prime is and always has been a complete folly in our opinion, and in crypto ETFs the Company continues to rank towards the bottom relative to peers.
  • Consequently, WisdomTree trades at a significant discount to its intrinsic value if it were a well-run pure-play ETF business.
  • In our February 20, 2024, letter to the Board, we acknowledged that individual members of the Board and stockholders (such as ETFS Capital) have divergent views about the best way forward to unlock value at WisdomTree.
  • Fellow stockholders, over the past three years, we have attempted to address operational and governance failures through proxy campaigns.

WisdomTree Board of Directors Sends Letter to Graham Tuckwell in Response to Mr. Tuckwell’s February 20 Letter to the Board

Retrieved on: 
Tuesday, February 27, 2024
Blockchain, Finance, Asset Management, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Business, ETF Securities, Acquisition, European, Growth, TSR, AUM, Letter, ETF, Audit committee, Judgement, WisdomTree Investments, Trust, Management

You also proposed that the Board immediately form a special committee of independent directors and publicly announce an expeditious strategic review of the entire business.

Key Points: 
  • You also proposed that the Board immediately form a special committee of independent directors and publicly announce an expeditious strategic review of the entire business.
  • This Board believes that if we were to implement your proposals, it would jeopardize WisdomTree’s success and harm the Company and its stockholders.
  • This trust was further evidenced by the Board’s recent unanimous approval of both the 2024 annual budget and 2023 performance compensation.
  • We urge you to respect the will of our stockholders and the judgment of our Board.

Citi Collaborates with Wellington Management and WisdomTree to Explore Tokenization of Private Markets

Retrieved on: 
Wednesday, February 14, 2024
Banking, Asset Management, Professional Services, Finance, Subnetwork, Wellington Management Company, ABN, ABN AMRO, DLT, Business development, Ecosystem, Automation, WisdomTree Investments, Citigroup, Digital asset, Travel, Cryptocurrency

Today, Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree.

Key Points: 
  • Today, Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree.
  • Private markets, although a $10 trillion asset class1, are characterized by an infrastructure that is complex and manual, with a lack of standardization and transparency, leading to inefficient distribution and operations.
  • The underlying fund distribution rules were encoded into the smart contract and embedded in the token transferred to hypothetical WisdomTree clients.
  • We look forward to continuing to collaborate with Citi, strong, long-term partners who are providing meaningful developments and thought leadership in the blockchain space,” said Mark Garabedian, Director, Digital Assets & Tokenization Strategy, Wellington Management.

Kwanti Earns High Customer Satisfaction Ratings in 2024 Advisor Software Survey from T3 Technology Tools for Today and Inside Information

Retrieved on: 
Tuesday, February 13, 2024
Professional Services, Data Management, Business, Data Analytics, Technology, Software, Finance, Diamond, Investment, Acquisition, Inside Information, Conference, State Street, Economics, Attention, BlackRock, WisdomTree Investments, RIAS, Altruism, Financial adviser

The results of the annual technology survey and report, produced by Joel Bruckenstein of T3 Technology Tools for Today and Bob Veres of Inside Information , were unveiled and presented live at the recent T3 Technology Conference , which took place January 22nd – 25th in Las Vegas and saw over 1,000 total attendees.

Key Points: 
  • The results of the annual technology survey and report, produced by Joel Bruckenstein of T3 Technology Tools for Today and Bob Veres of Inside Information , were unveiled and presented live at the recent T3 Technology Conference , which took place January 22nd – 25th in Las Vegas and saw over 1,000 total attendees.
  • “We’re excited to yet again achieve high ratings in this industry-leading survey and report,” said Christophe Gauthron, Founder and CEO of Kwanti.
  • Kwanti offers a free 30-day trial, with no software to install and all features available during the trial.
  • Building on their success in the T3 / Inside Information Software Survey, Kwanti was recently named a Wealthtech Firm of the Year in Wealth Solutions Report's 2024 Wealth Exemplar Awards.

Glancy Prongay & Murray LLP Announces Investigation of WisdomTree, Inc. (WT)

Retrieved on: 
Wednesday, January 10, 2024
Class Action Lawsuit, Professional Services, Legal, GPM, Suite, Helmsley Building, WisdomTree Investments

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of WisdomTree, Inc. (NYSE: WT) concerning the Company and its directors’ and officers’ possible violations of state laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”) announces its investigation of WisdomTree, Inc. (NYSE: WT) concerning the Company and its directors’ and officers’ possible violations of state laws.
  • If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240110359747/en/

WisdomTree Surpasses $100 Billion in Total AUM

Retrieved on: 
Friday, December 15, 2023
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Asset Management, Digital Cash Management, Digital Assets, Growth, Gold, ETP, AUM, NYSE, Ether, WisdomTree Investments

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.

Key Points: 
  • 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.
  • Mainstream traditional asset classes, via WisdomTree Digital Funds*, are also available via WisdomTree Prime.
  • 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.

WisdomTree Named as a 2023 Best Places to Work in Money Management by Pensions & Investments for Fourth Consecutive Year

Retrieved on: 
Tuesday, December 12, 2023
Consulting, Banking, Technology, Professional Services, Blockchain, DEI (Diversity, Equity and Inclusion), Asset Management, Apps, Applications, Fintech, Human Resources, Finance, Research, NYSE, Interface (computing), Root, Traction, Learning, Student, Investment, Culture, Equity, Meditation, Pension, WIN, Growth, Diversity, DEI, AUM, Crain Communications, Philosophy, Cryptocurrency, Nursing, Management, WisdomTree Investments

WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced today it has been named a 2023 Best Places to Work in Money Management by Pensions & Investments for the fourth year in a row and the seventh year since the award was created.

Key Points: 
  • WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced today it has been named a 2023 Best Places to Work in Money Management by Pensions & Investments for the fourth year in a row and the seventh year since the award was created.
  • The annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
  • “Pensions & Investments is proud to honor the Best Places to Work in Money Management for the 12th year.
  • For a complete list of the 2023 Pensions & Investments’ Best Places to Work in Money Management winners and profiles of the top 100 firms across size categories, go to www.pionline.com/BPTW2023 .

WisdomTree Reports Monthly Metrics for November 2023

Retrieved on: 
Monday, December 11, 2023
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Asset Management, Digital Cash Management, Digital Assets, AUM, NYSE, Commercial property, WisdomTree Investments

WisdomTree, Inc. (NYSE: WT), a global financial innovator, today released monthly metrics for November 2023, including assets under management (AUM) and flow data by asset class.

Key Points: 
  • WisdomTree, Inc. (NYSE: WT), a global financial innovator, today released monthly metrics for November 2023, including assets under management (AUM) and flow data by asset class.
  • Net inflows in 6 of our 8 major product categories, including robust strength in higher fee rate Emerging Market Equity strategies
    $45 million of net outflows driven by profit taking in Gold products and a risk-on, re-allocation out of the WisdomTree Floating Rate Treasury Fund
    Record AUM of over $98 billion, $11.16 billion of year-to-date net inflows and WisdomTree’s 15% annualized pace of year-to-date net inflows is best-in-class relative to our publicly traded asset manager peers
    WisdomTree Prime™ expanded its availability in 3 additional states, and is now available in 36 states, representing 63% of the U.S. population

WisdomTree Completes Repurchase of Non-Voting Preferred Shares Convertible into 13.1 Million Shares of WisdomTree Common Stock from a Subsidiary of the World Gold Council

Retrieved on: 
Monday, November 20, 2023
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Consulting, Banking, World Gold Council, NYSE, GBH, Security (finance), Risk, Gold, Share repurchase, VWAP, P&L, WisdomTree Investments

The preferred shares have been fully extinguished and the transaction is approximately 7% accretive to current 2024 consensus earnings per share (“EPS”) estimates.

Key Points: 
  • The preferred shares have been fully extinguished and the transaction is approximately 7% accretive to current 2024 consensus earnings per share (“EPS”) estimates.
  • WisdomTree Founder and CEO Jonathan Steinberg said, “This repurchase eliminates potential future overhang while generating 7% accretion for stockholders today.
  • Today’s share repurchase generates an additional 7% accretion to Street forecasts and removes a potential risk of overhang on WisdomTree’s stock price had GBH disposed of the 13.1 million shares of common stock underlying the preferred shares by other means.
  • The repurchased preferred shares were originally issued to GBH in May 2023 in connection with the gold royalty buyout.

Athene BCA 2.0 Suite of Fixed Indexed Annuities Wins Two Major Industry Awards

Retrieved on: 
Tuesday, December 5, 2023
Shiller, Yale University, Suite, Research, University, CIBC, SPI, Index, Cyclically adjusted price-to-earnings ratio, FIA, CAPE, Barclays, Retirement, WisdomTree Investments, Economics, SRP

SCOTTSDALE, Ariz., Dec. 5, 2023 /PRNewswire/ -- Annexus, a leading independent retirement product design company, today announced that its innovative work with the Athene® BCA® 2.0 Suite of Fixed Indexed Annuities (FIAs) recently received two prominent industry awards.

Key Points: 
  • SCOTTSDALE, Ariz., Dec. 5, 2023 /PRNewswire/ -- Annexus, a leading independent retirement product design company, today announced that its innovative work with the Athene® BCA® 2.0 Suite of Fixed Indexed Annuities (FIAs) recently received two prominent industry awards.
  • Exclusively featured in the Athene BCA 2.0 Suite, the Siegel Index had the best-performing product return in the FIA industry in all of 2022.
  • The Athene BCA 2.0 Suite of FIAs won "Best Performance FIA" at the SPi USA 2023 Awards for Excellence.
  • Annexus brought both indices to the Athene BCA 2.0 Suite of FIAs in March 2019.