A Message from WisdomTree Founder & CEO
Building the Modern Global Asset Manager
October 30, 2026
Three Transformations. One Integrated Platform. One Efficient Operating Model.
WisdomTree delivered another strong quarter, reaching a record $171 billion in assets under management, our seventh consecutive quarter of record AUM. We generated $4.6 billion in net inflows and sustained a 13% annualized organic growth rate year to date. Our adjusted operating margin has crossed 40%, having expanded by more than 20 percentage points over the past four years, demonstrating the operating leverage and growing earnings power of our business. These results reflect the strength of our business today and the foundation we've built for what's next.
Over the past two decades, WisdomTree has evolved well beyond its origins as an ETF company. Today, we're building the modern global asset manager at the intersection of three powerful transformations in financial services: the democratization of investing globally, the convergence of public and private markets, and the tokenization of financial assets onchain. We see the greatest opportunity in connecting all three on an integrated platform.
Public markets remain our foundation. When we launched our first 20 ETFs,we challenged traditional indexing with differentiated, fundamentally weighted strategies – the approach we call Modern Alpha®. We have been evolving our Modern Alpha® investment approach to combine the outperformance potential of active fund management with efficient access, smarter structuring and AI-enhanced investment strategies across public markets, liquid alternatives and, increasingly, private markets. Our acquisition of Atlantic House adds specialized expertise that we can bring to investors through our global distribution network. With a broad product lineup, a growing portfolio solutions business whose model portfolios are approaching $10 billion in assets under advisement, and a long runway for continued organic growth, we see substantial opportunity to keep expanding our public markets business.
In private markets, we're focused on broadening access to new sources of opportunity. Our acquisition of Ceres Partners established a meaningful position in U.S. farmland, an asset class that we believe offers attractive diversification characteristics. But our ambitions extend further. As companies stay private longer, more of their value is created before they ever reach public markets, and we believe investors should have more ways to participate in that growth. In 2027, we expect to begin introducing private-market allocations into ETFs, bringing new investment capabilities to a familiar, accessible structure. We see this as a natural extension of Modern Alpha: finding differentiated sources of return and making them available to a broader universe of investors.
Tokenization represents the next evolution in how financial assets are issued, distributed, and traded. We've spent years building our regulated infrastructure, proprietary technology, and tokenized investment products, and we recently brought them together under a single name: WisdomTree Onchain™. That platform includes our retail app, WisdomTree Prime®, and our institutional distribution platform, WisdomTree Connect™, all supported by tokenization infrastructure, a broker-dealer, and a regulated trust company that we established ourselves. With tokenized AUM reaching a record $1.3 billion, we're seeing growing demand for these capabilities. One example is our tokenized money market fund, WTGXX, which investors can now trade around the clock, seven days a week, and which is used for stablecoin reserves, treasury management, and increasingly, as collateral. We’re also bringing our products to more investors through partnerships with firms including BitGo, MoonPay, and HashKey. Importantly, we've built this infrastructure to support both our own products and the growing needs of other financial institutions embracing tokenization.
What connects these businesses is our operating model. As a modern global asset manager, we invest directly in the intellectual property, specialized expertise, technology, and distribution capabilities that differentiate us, while outsourcing more commoditized activities. We manage $171 billion in AUM with just 440 employees – a clear measure of our firm's efficiency and scalability.
By bringing together public markets, private markets, and tokenization into one connected investment ecosystem, we're combining the breadth of a global investment platform with the efficiency and innovation of a next-generation business.
That's how we're building the modern global asset manager.
— Jonathan Steinberg
Chief Executive Officer, WisdomTree