XML 180 R122.htm IDEA: XBRL DOCUMENT v3.25.1
Commitments and Contingencies (Details)
$ / shares in Units, $ in Thousands
12 Months Ended 18 Months Ended
Mar. 19, 2025
USD ($)
Dec. 19, 2024
USD ($)
Aug. 19, 2024
$ / shares
shares
Jul. 01, 2024
USD ($)
May 14, 2024
$ / shares
shares
May 09, 2024
USD ($)
Apr. 03, 2024
USD ($)
Mar. 11, 2024
$ / shares
shares
Aug. 31, 2023
$ / shares
shares
Aug. 02, 2023
USD ($)
Jan. 03, 2023
USD ($)
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
Feb. 19, 2025
USD ($)
May 08, 2024
Apr. 12, 2024
Aug. 01, 2023
Dec. 31, 2022
Other Commitments [Line Items]                                    
TRA liability                       $ 28,765 $ 17,607          
TRA liability, fair value                       $ 9,378 13,233          
Conversion ratio                       1            
Earn-out liabilities, at fair value                       $ 64,639 $ 63,444          
Outstanding letters of credit                       $ 3,400            
Percentage of losses sought                               100.00%    
Percentage decline in real estate investment portfolio                         50.00%          
Certain Former Tolleson Employees                                    
Other Commitments [Line Items]                                    
Employment agreement, term of client and employee non-solicit and lost client fee clause (in years)                       1 year            
Employment agreement, term of lost fee clause post departure date (in years)                       2 years            
Employment agreement, required payment of one year of lost revenue per departing client (in percent)                       75.00%            
Employment agreement, lost client fee clause, required payment, payment period (in years)                       2 years            
Settled Litigation | Subsequent event                                    
Other Commitments [Line Items]                                    
Litigation settlement                           $ 4,100        
Litigation settlement as percentage of lost revenue for other party                           125.00%        
Litigation settlement, attorney fees                           $ 1,000        
Litigation settlement $ 5,100                                  
Letter of Credit                                    
Other Commitments [Line Items]                                    
Collateral amount as percentage of the amount of each instrument issued   102.00%                                
Threshold of aggregate outstanding face amount of all issued instrumnets   $ 5,000                                
Expiration date, from termination date (in years)   1 year                                
Commitment fee (in percent)   0.30%                                
Level 3                                    
Other Commitments [Line Items]                                    
TRA liability, fair value                       $ 9,378 $ 13,233          
Alvarium, TWMH And TIG                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       23,800 62,400          
Total purchase consideration transferred                     $ 1,071,116              
Payment of assumed liabilities                     $ 760              
Alvarium, TWMH And TIG | Level 3                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       23,848 62,380          
AlTi Wealth Management (Switzerland) SA (“AWMS”)                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       0 1,100          
Voting interest acquired (in percent)                   70.00%                
Equity interest (in percent)                                 30.00% 30.00%
Equity interest, including subsequent acquisition (in percent)                   100.00%                
Total purchase consideration transferred                   $ 16,754                
Payment of assumed liabilities                   $ 168                
AlTi Wealth Management (Switzerland) SA (“AWMS”) | Level 3                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       0 $ 1,064          
East End Advisors, LLC ("EEA")                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value             $ 23,300         29,900            
Total purchase consideration transferred             93,114                      
Payment of assumed liabilities             $ 793                      
East End Advisors, LLC ("EEA") | Level 3                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       29,871            
Pointwise Partners Limited ("PW")                                    
Other Commitments [Line Items]                                    
Voting interest acquired (in percent)           50.00%                        
Equity interest (in percent)                             50.00%      
Equity interest, including subsequent acquisition (in percent)           100.00%                        
Total purchase consideration transferred           $ 7,954                        
Payment of assumed liabilities           $ 3,300                        
Envoi, LLC (“Envoi”)                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value       $ 9,000                            
Total purchase consideration transferred       $ 34,258                            
Envoi, LLC (“Envoi”) | Envoi earn-out consideration liability                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       9,600            
Envoi, LLC (“Envoi”) | Envoi earn-out consideration liability | Level 3                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       9,600            
Envoi, LLC (“Envoi”) | Envoi earn-out growth consideration liability                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       1,300            
Envoi, LLC (“Envoi”) | Envoi earn-out growth consideration liability | Level 3                                    
Other Commitments [Line Items]                                    
Earn-out liabilities, at fair value                       $ 1,320            
Class A Common Stock                                    
Other Commitments [Line Items]                                    
Conversion ratio     1   1     1 1   1              
Converted shares (in shares) | shares     1,840,077   286,242     4,954,518 1,813,248                  
Share price (in dollars per share) | $ / shares     $ 4.06   $ 4.69     $ 6.61 $ 7.31                  
Class A Common Stock | Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares                                    
Other Commitments [Line Items]                                    
Number of earn-out securities (in shares) | shares                       3,300,000            
Class A Common Stock | Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares, tranche one                                    
Other Commitments [Line Items]                                    
Volume weighted average price (in dollars per share) | $ / shares                       $ 12.50            
Volume weighted average price, number of trading days                       20 days            
Volume weighted average price, number of consecutive trading days                       30 days            
Volume weighted average price, term within closing of transaction (in years)                       5 years            
Earnout securities to be issued, issued (in percent)                       50.00%            
Class A Common Stock | Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares, tranche two                                    
Other Commitments [Line Items]                                    
Volume weighted average price (in dollars per share) | $ / shares                       $ 15.00            
Volume weighted average price, number of trading days                       20 days            
Volume weighted average price, number of consecutive trading days                       30 days            
Volume weighted average price, term within closing of transaction (in years)                       5 years            
Earnout securities to be issued, issued (in percent)                       50.00%            
Class B Common Stock | Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares                                    
Other Commitments [Line Items]                                    
Number of earn-out securities (in shares) | shares                       7,100,000            
Class B units | Sponsor and selling shareholders of TWMH, TIG, and Alvarium | Alvarium, TWMH And TIG | Earnout shares                                    
Other Commitments [Line Items]                                    
Number of earn-out securities (in shares) | shares                       7,100,000