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Dec 31, 2023
WisdomTree Investments Inc Q4 2023 Earnings Report
WisdomTree's Q4 2023 earnings surpassed $100 billion in total AUM with operating margin expansion and diluted earnings per share reported.
Key Takeaways
WisdomTree reported strong Q4 2023 results, achieving over $100 billion in total AUM for the first time. The company experienced industry-leading organic growth and significant operating margin expansion. Net outflows were $0.3 billion, driven by fixed income and commodity products, but were partly offset by inflows into U.S. equity and emerging markets products.
Total AUM surpassed $100 billion, marking a company milestone.
Operating margin expanded by 520bps compared to the prior year.
Diluted earnings per share (EPS) was reported at $0.16 ($0.11, as adjusted).
Annualized organic growth rate across all products was 13%.
Forward Guidance
WisdomTree anticipates continued momentum in organic growth for 2024, driven by expanding its client base, deepening wallet share penetration, and the success of its Portfolio Solutions initiative. The company expects to achieve significant growth and is focused on adding new clients, launching new products, and leading in tokenization and blockchain-enabled finance.
Positive Outlook
- Consistent hard work and success in deepening relationships with advisors.
- Client base grew by 20% in 2023.
- 20% increase in the number of clients holding multiple WisdomTree products.
- Strategy to expand client base while deepening wallet share penetration.
- Success of Portfolio Solutions initiative.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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