Wisdomtree Investments, Inc. (WETF) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Earnings Press Release
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Wisdomtree Investments, Inc.
Ticker: WETF CIK: 880631

Exhibit 99.1

WisdomTree Announces Fourth Quarter 2018 Results

($11.6) million net loss, or $10.2 million net income, as adjusted

($0.08) diluted loss per share, or $0.06 EPS, as adjusted

Quarter includes $22.8 million of non-cash charges

Declares $0.03 quarterly dividend

New York, NY – (GlobeNewswire) – February 1, 2019 – WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager today reported a net loss of ($11.6) million or ($0.08) diluted loss per share in the fourth quarter. Adjusted net income (a

non-GAAP measure¹) was $10.2 million¹ or $0.06 diluted EPS¹(see “Fourth Quarter Financial Discussion” below). This compares to net income of $0.2 million or $0.00 diluted EPS (as adjusted, $5.2 million¹ or $0.04 diluted EPS¹) in the fourth quarter of last year and net income of $22.0 million or $0.13 diluted EPS (as adjusted, $14.7 million¹ or $0.09 diluted EPS¹) in the third quarter of 2018.

WisdomTree CEO and President Jonathan Steinberg said, “In 2018 we made considerable progress on key strategic initiatives of generating sustainable, diversified growth and becoming a leading product and solutions provider to financial intermediaries and institutions. Despite volatility in global capital markets and considerable investor de-risking during the quarter, WisdomTree generated positive annualized organic growth of 2%. The strategic benefits of completing our acquisition of ETF Securities were evident in the fourth quarter, as growth in our commodities products helped offset pressure from the global equity market selloff. In addition, our domestic fixed income product suite continued to scale, reaching over $2 billion of AUM at year end, up from under $500 million at the start of the year. We continued to build out our differentiated solutions program, which combined with our unique product set, allowed us to sign numerous distribution agreements with platforms and intermediaries. We anticipate this will drive stable, diversified organic growth in the years to come.”

Steinberg continued, “WisdomTree is well positioned to offer investors world class investment strategies and business solutions. We are seeing benefits from the investments made in our business and believe we are poised for the firm’s next wave of growth.”


	Three Months Ended									Change From
	Dec. 31, 2018			Sept. 30, 2018			Dec. 31, 2017			Sept. 30, 2018			Dec. 31, 2017
Consolidated Operating Highlights ($, in billions):
AUM	$	54.1		$	59.1		$	48.9			(8.5	%)		10.5	%
Net inflows/(outflows)	$	0.2		$	(1.3	)	$	0.3			n/a			(8.6	%)
Average AUM	$	56.4		$	59.5		$	48.1			(5.1	%)		17.3	%
Average advisory fee		0.47	%		0.48	%		0.50	%		-0.01			-0.03
Consolidated Financial Highlights ($, in millions, except per share amounts):
Operating revenues	$	67.9		$	72.6		$	61.0			(6.5	%)		11.3	%
Net (loss)/income	$	(11.6	)	$	22.0		$	0.2			n/a			n/a
Diluted (loss)/earnings per share	$	(0.08	)	$	0.13		$	0.00			n/a			n/a
Operating income margin		17.4	%		29.9	%		8.6	%		-12.5			8.8
Non-GAAP¹:
Net income, as adjusted	$	10.2		$	14.7		$	5.2			(30.3	%)		97.2	%
Diluted earnings per share, as adjusted	$	0.06		$	0.09		$	0.09		$	(0.03	)	$	(0.03	)
Operating income margin, as adjusted		21.9	%		30.5	%		16.5	%		-8.6			5.4

Recent Business Developments

U.S. Listed Product News

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In December 2018, the Company declared final capital gains distributions for WisdomTree’s U.S. ETFs; and the Company announced the launch of the WisdomTree Yield Enhanced Global Aggregate Bond Fund (GLBY) on the NYSE Arca Exchange.

The following information was filed by Wisdomtree Investments, Inc. (WETF) on Friday, February 1, 2019 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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