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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Effective as of September 30, 2024, certain changes were made to the composition of our operating segment information related to the strategic review of our Real Estate Businesses. We determined this change was necessary to align external reporting with how management views the current state of the business in addition to how our chief operating decision maker (“CODM”), currently, our Chief Executive Officer, assesses the Company’s performance and allocation of resources. The CODM considers segment revenue as a key metric to assist with the evaluation of strategic business decisions, including potential acquisitions or divestitures and whether to invest in certain products or services, and expense management. The Company maintains two operating segments: Wealth and Capital Solutions includes the results Wealth Management business, the internally managed Event Driven strategy, and our stakes in three externally managed Alternative investment strategies. International Real Estate, includes the businesses previously reported as Real Estate Co-investment and Real Estate Fund Management, as well as all current and former Alvarium International Asset Management businesses. A corporate reconciling column (“Corporate”) has been included to provide a reconciliation between our total reportable segment activities and consolidated amounts. Corporate does not qualify to be reported as an operating segment. Prior period amounts have been recast to conform to the Company’s current period segment presentation. The Company’s operating 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 operating 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 operating segments are allocated to the operating segments’ statement of operations. Expenses The expense categories that are regularly reviewed by the CODM are presented in the Company's Consolidated Statement of Operations. Items regularly reviewed consist of non-compensation expenses, such as professional fees, sales, distribution and marketing, travel and entertainment, systems, technology and telephone, occupancy costs and general, administrative, and other. See Note 1 (Description of the Business) and the tables below for more detail on unallocated items. The following tables present the financial information for the Company’s segments for the periods indicated.
| For the Year Ended
(Dollars in Thousands) | December 31, 2024 |  | December 31, 2023
Net Income by Segment | Wealth & Capital Solutions |  | International Real Estate |  | Corporate |  | Total |  | Wealth & Capital Solutions |  | International Real Estate |  | Corporate |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Management/advisory fees | $ | 182,599 |  |  | $ | 7,856 |  |  | $ | — |  |  | $ | 190,455 |  |  | $ | 160,785 |  |  | $ | 20,076 |  |  | $ | — |  |  | $ | 180,861 |
Incentive fees | 3,256 |  |  | — |  |  | — |  |  | 3,256 |  |  | 42,674 |  |  | 703 |  |  | — |  |  | 43,377 |
Distributions from investments | 12,304 |  |  | — |  |  | — |  |  | 12,304 |  |  | 17,185 |  |  | — |  |  | — |  |  | 17,185 |
Other income/fees | 97 |  |  | 688 |  |  | 135 |  |  | 920 |  |  | 501 |  |  | 4,993 |  |  | — |  |  | 5,494 |
Total revenue | 198,256 |  |  | 8,544 |  |  | 135 |  |  | 206,935 |  |  | 221,145 |  |  | 25,772 |  |  | — |  |  | 246,917 |
| For the Year Ended
(Dollars in Thousands) | December 31, 2022
Net Income by Segment | Tiedemann Wealth Management Holdings, LLC
Revenue: |  |
Management/advisory fees | $ | 76,872 |
Total income | 76,872 |
(Dollars in Thousands) | For the Year Ended
Revenues by Geography | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 (Predecessor)
United States | $ | 134,893 |  |  | $ | 153,899 |  |  | $ | 72,181 |
United Kingdom | $ | 33,163 |  |  | $ | 54,949 |  |  | $ | 3,863 |
Rest of World | $ | 38,879 |  |  | $ | 38,069 |  |  | $ | 828 |
Total Revenues | $ | 206,935 |  |  | $ | 246,917 |  |  | $ | 76,872 |
(Dollars in Thousands) |
Long-lived Assets by Geography | As of December 31, 2024 |  | As of December 31, 2023
United States | $ | 44,275 |  |  | $ | 41,603 |
United Kingdom | $ | 4,721 |  |  | $ | 5,434 |
Rest of World | $ | 3,893 |  |  | $ | 3,807 |
Total Assets | $ | 52,889 |  |  | $ | 50,844 |
(Dollars in Thousands) |  |  |
Assets by Segment | As of December 31, 2024 |  | As of December 31, 2023 |  |
Wealth & Capital Solutions | 1,160,272 |  |  | 1,134,264 |  |  |
International Real Estate | $ | 23,738 |  |  | $ | 125,229 |  |  |
Corporate | 71,823 |  |  | 6,804 |  |  |
Total Assets | $ | 1,255,833 |  |  | $ | 1,266,297 |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. 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