WisdomTree, Inc.

Greetings and welcome to the WisdomTree second quarter 2026 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Jessica Zaloom, head of corporate communications. Please go ahead.

Good morning. Before we begin, I would like to reference our legal disclaimer available in today's presentation. This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. A number of factors could cause actual results to differ initially from the results discussed in forward-looking statements, including, but not limited to, the risks set forth in this presentation. In the Risk Factor section of Wisentree's annual report on Form 10-K for the year ended December 31, 2025, and in subsequent reports filed with or furnished to the Securities and Exchange Commission, Wisentree assumes no duty and does not undertake to update any forward-looking statements. Now, it is my pleasure to turn the call over to Wisentree CFO, Bryan Edmiston.

Thank you, Jessica, and good morning, everyone. I'll begin with the review of our second quarter results, followed by updates to our forward-looking guidance before turning the call over to Jarrett and Jono for additional business updates. Our assets under management reached $162.9 billion at quarter end, marking our sixth consecutive quarter of record AUM. Assets increased 7% from March 31st, driven by favorable market conditions, positive net inflows, and the addition of Atlantic House, which closed on May 1st. Record AUM was achieved across both our U.S. and European businesses, reflecting continued growth across our global platform. During the quarter, we generated 3.1 billion of net inflows, including 2.1 billion in Europe and 1 billion in the U.S. Year-to-date net inflows totaled 9 billion, representing an annualized organic growth rate of approximately 13%. Flo has regenerated across a broad range of strategies and geographies, contributing to another quarter of strong organic growth. We also completed the acquisition of Atlantic House, adding more than $4 billion of assets under management, along with complementary revenue streams. The acquisition expands our presence in Europe, enhances our capabilities in outcome-oriented and derivatives-based investment solutions, and provides additional avenues for growth across our international business. Alongside our growth initiatives, we continue to execute upon our capital management priorities. During the quarter, we retired approximately 127 million principal amount of our convertible notes maturing in 2026 and 2029 using cash to reduce leverage and simplify our capital structure. We also commenced open market share repurchases during the quarter and have repurchased approximately 29 million through today, representing roughly 1.7 million shares. These repurchases reflect our confidence in the business and our commitment to enhancing shareholder value. Overall, the first half of the year has been characterized by strong organic growth, targeted strategic expansion, and disciplined capital allocation. Together, these initiatives have strengthened our platform and positioned us well for continued growth and long-term shareholder value creation. Global AUM currently stands at approximately 164 billion, up 1%, reflecting 700 million of net inflows and positive market movements since quarter end. Next slide. Revenues were 177.2 million during the quarter, an increase of 11% from the first quarter and 57% from the prior year quarter, driven by higher AUM, including the Atlantic House acquisition, contributions from Cirrus, and growth and other revenues. Cirrus contributed 5.4 million of management fees and 6 million of performance fees. Other revenues of 19.5 million reflected higher AUM in our European products and revenues from Atlantic House, partly offset by more moderate European trading activity. Year-to-date revenues increased 53% driven by higher AUM, elevated trading activity relative to the prior year and contributions from the Cirrus and Atlantic House acquisitions. Operating leverage in our business model together with our recent acquisitions resulted in a year-to-date adjusted operating margin of 41.1%, an expansion of 900 basis points compared to the prior year period. Surpassing a 40% operating margin marks an important milestone and underscores the scalability of our operating model as we continue to grow. Adjusted net income for the quarter was 48.1 million or 31 cents per share. Next slide. Now a few comments on our forward-looking guidance. As mentioned previously, we have commenced open market share repurchases this quarter and expect to continue repurchasing our common stock over time. While we are not committing to a specific level of repurchases each quarter, we anticipate ongoing activity, balancing capital return with our continued focus on deleveraging and maintaining flexibility for strategic initiatives. Our diluted share guidance for the second half of the year is 152 to 155 million, compared with previous guidance of 154 million shares. This guidance reflects repurchases to date of 1.7 million shares and also contemplates incremental shares associated with our convertible notes, assuming a stock price approximating recent levels. As a reminder, our remaining convertible notes have conversion prices of approximately $19 and $21. An illustration is included within our earnings presentation to assist in quantifying the incremental shares associated with our convertible notes going forward. We are also updating our interest income guidance to $8 million from $10 million, reflecting the allocation of a portion of our interest earning assets to share repurchases, which we believe is a more efficient use of capital. All other elements of our forward-looking guidance remain unchanged from the guidance we provided last quarter. That concludes my remarks. I will now turn the call over to Jarrett.