WisdomTree, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>WisdomTree, Inc. has filed its 2023 annual report on Form 10-K, detailing its financial performance and corporate information.</b>

AI Summary

WisdomTree, Inc. (WT) filed a Annual Report (10-K) with the SEC on February 23, 2024. WisdomTree, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company is registered with the SEC under the ticker symbol WT on the New York Stock Exchange. WisdomTree, Inc. was formerly known as WisdomTree Investments, Inc. and Index Development Partners Inc. The company's principal executive offices are located at 250 West 34th Street, 3rd Floor, New York, NY 10119. The filing confirms WisdomTree, Inc. has been a well-known seasoned issuer and has filed all required reports for the preceding 12 months.

Why It Matters

For investors and stakeholders tracking WisdomTree, Inc., this filing contains several important signals. This filing provides a comprehensive overview of WisdomTree's financial health and operational status for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. As a publicly traded company, the 10-K filing is a mandatory disclosure that offers detailed insights into the company's business, risks, and financial statements, enabling informed investment decisions.

Risk Assessment

Risk Level: low — WisdomTree, Inc. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain new material events or significant negative financial disclosures, indicating a stable reporting status.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand WisdomTree's performance and strategic outlook for 2024.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reported fiscal year end date)
• 2024-02-23 — Filing Date (Date the 10-K was filed)
• 001-10932 — SEC File Number (Commission File Number for WisdomTree, Inc.)
• 13-3487784 — IRS Employer Identification No. (IRS EIN for WisdomTree, Inc.)

Key Players & Entities

• WisdomTree, Inc. (company) — Filer name
• WT (company) — Trading Symbol
• New York Stock Exchange (company) — Exchange where common stock is registered
• WisdomTree Investments, Inc. (company) — Former company name
• Index Development Partners Inc (company) — Former company name
• 2024-02-23 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• 212-801-2080 (phone) — Registrant's telephone number

FAQ

Industry Context

WisdomTree operates in the financial services sector, specifically focusing on exchange-traded funds (ETFs) and related investment products.

Regulatory Implications

The company is subject to regulations governing financial institutions and securities markets, overseen by the SEC.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and expenses.
2. Review management's discussion and analysis for insights into business strategy and outlook.
3. Examine risk factors for potential challenges and mitigation strategies.

Year-Over-Year Comparison

This is the annual 10-K filing for the fiscal year ended December 31, 2023, providing a comprehensive update compared to previous filings.

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value WT The New York Stock Exc
• $100.1 billion — U.S. population. We had approximately $100.1 billion in assets under management, or AUM, as
• $56.0 billion — ds, or U.S. listed ETFs, increased from $56.0 billion at December 31, 2022 to $72.5 billion a
• $72.5 billion — m $56.0 billion at December 31, 2022 to $72.5 billion at December 31, 2023 due to net inflows
• $26.0 billion — or European listed ETPs, increased from $26.0 billion at December 31, 2022 to $27.6 billion a
• $27.6 billion — m $26.0 billion at December 31, 2022 to $27.6 billion at December 31, 2023, due to market app
• $349.0 million — ues – We recorded operating revenues of $349.0 million during the year ended December 31, 2023
• $261.5 million — rom the year ended December 31, 2022 to $261.5 million primarily due to higher stock -based co
• $50.7 million — Net income – We reported net income of $50.7 million and $102.5 million during the years end
• $102.5 million — eported net income of $50.7 million and $102.5 million during the years ended December 31, 202
• $11.6 — 023, aggregate AUM of ETPs globally was $11.6 trillion. The chart below reflects the
• $1.9 — rated positive inflows of approximately $1.9 trillion, while long -term equity mutua
• $830 — ve generated outflows of approximately ($830) billion. In addition, ETF fixed income

Filing Documents

• wt-20231231.htm (10-K) — 7647KB
• ex10-31.htm (EX-10.31) — 50KB
• ex21-1.htm (EX-21.1) — 52KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 20KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 20KB
• ex97.htm (EX-97.1) — 29KB
• tbarchart_001.jpg (GRAPHIC) — 276KB
• tbarchart_002.jpg (GRAPHIC) — 249KB
• tbarchart_003.jpg (GRAPHIC) — 208KB
• tbarchart_004.jpg (GRAPHIC) — 94KB
• tbarchart_005.jpg (GRAPHIC) — 212KB
• tbarchart_006.jpg (GRAPHIC) — 265KB
• tbarchart_007.jpg (GRAPHIC) — 254KB
• tlinechart_001.jpg (GRAPHIC) — 453KB
• 0001214659-24-003435.txt (&nbsp;) — 26415KB
• wt-20231231.xsd (EX-101.SCH) — 127KB
• wt-20231231_cal.xml (EX-101.CAL) — 83KB
• wt-20231231_def.xml (EX-101.DEF) — 560KB
• wt-20231231_lab.xml (EX-101.LAB) — 955KB
• wt-20231231_pre.xml (EX-101.PRE) — 561KB
• wt-20231231_htm.xml (XML) — 3878KB

Business

Business 2 ITEM 1A.

Risk Factors

Risk Factors 25 ITEM 1B. Unresolved Staff Comments 40 ITEM 1C. Cybersecurity 40 ITEM 2.

Properties

Properties 41 ITEM 3.

Legal Proceedings

Legal Proceedings 41 ITEM 4. Mine Safety Disclosures 41 PART II 42 ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 42 ITEM 6. [Reserved] 42 ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 43 ITEM 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 73 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 74 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 74 ITEM 9A.

Controls and Procedures

Controls and Procedures 74 ITEM 9B. Other Information 75 ITEM 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 75 PART III 75 ITEM 10. Directors, Executive Officers and Corporate Governance 75 ITEM 11.

Executive Compensation

Executive Compensation 76 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 76 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 76 ITEM 14. Principal Accountant Fees and Services 76 PART IV 76 ITEM 15. Exhibits; Financial Statement Schedules 76 ITEM 16. Form 10-K Summary 76 Unless otherwise indicated, references to "the Company," "we," "us," "our" and "WisdomTree" mean WisdomTree, Inc. and its subsidiaries. WisdomTree , WisdomTree Prime and Modern Alpha are trademarks of WisdomTree, Inc. in the United States and in other countries. All other trademarks are the property of their respective owners. i Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10 -K , or Report, contains forward -looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward -looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward -looking statements. In some cases, you can identify forward -looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward -looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect o

BUSINESS

ITEM 1. BUSINESS Our Company We are a global financial innovator, offering a well -diversified suite of exchange traded products, or ETPs, models, solutions and products leveraging blockchain technology. We empower investors and consumers to shape their future and support financial professionals to better serve their clients and grow their businesses. We are leveraging the latest financial infrastructure to create products that provide access, transparency and an enhanced user experience. Building on our heritage of innovation, we are also developing and have launched next -generation digital products, services and structures, including digital or blockchain -enabled mutual funds ("Digital Funds") and tokenized assets, as well as our blockchain -native digital wallet, WisdomTree Prime, which is currently available in the U.S. in 38 states, representing approximately 70% of the U.S. population. We had approximately $100.1 billion in assets under management, or AUM, as of December 31, 2023. Our family of ETPs includes products that provide exposure to equities, fixed income, commodities, leveraged -and-inverse , currency, alternatives and cryptocurrency strategies. We have launched many first -to-market products and pioneered alternative weighting we call "Modern Alpha," which combines the outperformance potential of active management with the benefits of passive management to offer investors cost -effective funds that are built to perform. Most of our equity -based funds employ a fundamentally weighted investment methodology, which weights securities based on factors such as dividends, earnings or investment factors, whereas most other industry indexes use a capitalization weighted methodology. These products are distributed through all major channels in the asset management industry, including banks, brokerage firms, registered investment advisers, institutional investors, private wealth managers and online brokers primarily through our sales force. We believe

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View this 10-K filing on SEC EDGAR