Wisdomtree Investments, Inc. (WETF) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Wisdomtree Investments, Inc.
Ticker: WETF CIK: 880631

Exhibit 99.1

WisdomTree Announces Third Quarter 2018 Results

$22.0 million net income, or $14.7 million as adjusted

$0.13 diluted EPS for the quarter, or $0.09 as adjusted

Declares $0.03 quarterly dividend

New York, NY – (GlobeNewswire) – October 26, 2018 – WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager today reported net income of $22.0 million or $0.13 diluted EPS in the third quarter. Adjusted net income (a

non-GAAP measure¹) was $14.7 million¹ or $0.09 diluted EPS¹. This compares to net income of $8.0 million or $0.06 diluted EPS in the third quarter of last year and net income of $16.7 million or $0.10 diluted EPS (as adjusted, $14.3 million¹ or $0.09 diluted EPS¹) in the second quarter of 2018.

WisdomTree CEO and President Jonathan Steinberg said, “The asset and wealth management industry continues to evolve with increasing pressure being exerted on legacy product structures and business models. WisdomTree has always operated with an eye towards the future and is well positioned to navigate this environment. Our Modern Alpha^TM approach combines the promise of active management with the benefits of the ETF structure to deliver a better investing experience while preserving attractive and sustainable economics for our shareholders. The marriage of our differentiated and strong performing product set, modern distribution approach and technology-driven, award winning solutions program positions WisdomTree for the next wave of growth.”

“One highlight stems from product innovations in 2013/2014 when WisdomTree launched a suite of fixed income ETFs in the U.S., designed for a rising interest rate environment. These products found the perfect market environment in 2018, performing exactly as designed and attracting significant inflows. This same fixed income product suite has since taken in nearly $700 million of flows through the first three quarters of the year and remains very well positioned for further growth.” Steinberg continued.


	Three Months Ended									Change From
	Sept. 30, 2018			June 30, 2018			Sept. 30, 2017			June 30, 2018			Sept. 30, 2017
Consolidated Operating Highlights ($, in billions):
AUM	$	59.1		$	60.0		$	46.4			(1.4	%)		27.5	%
Assets acquired		n/a		$	17.6			n/a			n/a			n/a
Net inflows/(outflows)	$	(1.3	)	$	(1.3	)	$	(0.3	)		(0.3	%)		337.8	%
Average AUM	$	59.5		$	61.3		$	45.2			(3.0	%)		31.5	%
Average advisory fee		0.48	%		0.48	%		0.50	%		—			(0.02	)

Consolidated Financial Highlights ($, in millions, except per share amounts):
Operating revenues	$	72.6		$	74.8		$	57.7			-2.9	%		25.7	%
Net income	$	22.0		$	16.7		$	8.0			31.8	%		176.4	%
Diluted earnings per share	$	0.13		$	0.10		$	0.06		$	0.03		$	0.07
Operating income margin		29.9	%		19.4	%		26.4	%		10.5			3.5
Non-GAAP¹:
Net income, as adjusted	$	14.7		$	14.3			n/a			2.5	%		n/a
Diluted earnings per share, as adjusted	$	0.09		$	0.09			n/a		$	0.00			n/a
Operating income margin, as adjusted		30.5	%		30.0	%		n/a			0.5			n/a

Recent Business Developments

Company News

•

In August 2018, Ally Invest announced the addition of commission-free ETFs to its online trading platform, including WisdomTree’s full range of ETFs.

•

In September 2018, the Company announced that the WisdomTree Digital Portfolio Developer (DPD) won the 2018 WealthManagement.com Industry Award for “Thought Leadership Initiative” of the Year; and TCA by E*Trade announced the expansion of its ETF trading platform to include WisdomTree ETFs.

The following information was filed by Wisdomtree Investments, Inc. (WETF) on Friday, October 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Wisdomtree Investments, Inc.'s financial trajectory

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