Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Washington, D.C. 20549 Form 10-Q (Mark One) Commission file number: 001-35826 Artisan Partners Asset Management Inc. (Exact name of registrant as specified in its charter) (State or ...

Financial Data and Key Metrics Changes - First quarter results showed a 7% decline in revenues primarily due to the absence of $17 million in performance fees from the previous quarter [25] - Adjusted operating income decreased by 19% sequentially and adjusted operating margin fell by 470 basis points from the previous quarter [25] - Assets under management (AUM) at the end of March were $162 billion, reflecting a slight increase from the previous quarter and the same period last year [26] - Average AUM for the quarter increased by 1% sequentially and 8% year-over-year [27] - Adjusted net income per adjusted share declined by 21% compared to the last quarter but increased by 9% year-over-year [29] Business Line Data and Key Metrics Changes - The firm has seen eleven consecutive quarters of positive fixed income flows, with net client cash outflows of approximately $2.8 billion in the first quarter [26][27] - The intermediated wealth channel now accounts for 60% of total AUM, with an annualized organic growth rate of 5% over the past five years [27][28] - New strategies launched include the Artisan Global Special Situation strategy and the Artisan franchise strategy, targeting high-value clients [14][17] Market Data and Key Metrics Changes - The firm reported $4.1 billion in market returns, including $1.8 billion or 110 basis points of returns in excess of benchmarks [26] - The institutional business has faced pressure, but the firm believes it will maintain solid growth, particularly in the intermediated wealth channel [57] Company Strategy and Development Direction - The company is focused on expanding its capabilities in fixed income and alternatives, particularly in the retail and insurance channels [35] - There is a strategic shift towards the private wealth market, with a significant presence and growth potential identified [22][23] - The firm aims to align its distribution structure to better access and service the intermediated wealth channel [23][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the firm's ability to generate long-term outcomes despite current market volatility [24] - The firm views market disruptions as opportunities for growth and expansion [47] - There is an ongoing dialogue regarding capacity management, with potential for some strategies to open up capacity in the near future [44] Other Important Information - The company declared a quarterly dividend of $0.68 per share, reflecting lower cash generation due to the absence of performance fees [32] - The balance sheet remains strong, with $138 million in seed capital and ample liquidity for future strategies [30] Q&A Session Summary Question: Opportunities in fixed income and alternatives - Management highlighted the potential for growth in fixed income and alternatives, particularly through existing franchises and new strategies [35][36] Question: Normalized expenses and maintaining margins - Management indicated that guidance for the full year remains unchanged, with variable expenses fluctuating with revenues [38][39] Question: Capacity constraints and market movements - Management confirmed ongoing communication about capacity management, with some strategies in soft close mode [44] Question: M&A activity and market opportunities - Management acknowledged numerous opportunities in the market and emphasized a judicious approach to adding capabilities [46][47] Question: Growth in intermediated wealth and strategy mix - Management noted that the long-term asset allocation of client mix differs from institutional, requiring a tailored approach to strategies [66][67] Question: Institutional side and market volatility - Management observed rebalancing activity in the equity space and increased interest in credit strategies amid market volatility [70][72]

Artisan Partners Asset Management BUSINESS UPDATE AND FIRST QUARTER 2025 EARNINGS PRESENTATION BUSINESS PHILOSOPHY & APPROACH | High Value Added | Talent Driven | Thoughtful | | --- | --- | --- | | Investment Firm | Business Model | Growth | | Active Strategies | Designed for Investment Talent to Thrive | Active Talent Identification | | Autonomous Franchises | Managed by Business Professionals | Entrepreneurial Commitment | | Proven Results | Structured to Align Interests | Focus on Long-Term | | | | Globa ...

Artisan Partners Asset Management Inc. Reports 1Q25 Results Milwaukee, WI - April 29, 2025 - Artisan Partners Asset Management Inc. (NYSE: APAM) (the "Company" or "Artisan Partners") today reported its results for the three months ended March 31, 2025, and declared a quarterly dividend. Chief Executive Officer Eric Colson said, "For 30 years, Artisan Partners has focused on investments, people and trust. Knowing that markets change quickly, unexpectedly and sometimes dramatically, we have built our firm to ...

MILWAUKEE, April 29, 2025 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the three months ended March 31, 2025, and declared a quarterly dividend. The full March 2025 quarter earnings release and investor presentation can be viewed at www.apam.com. Conference Call The Company will host a conference call on April 30, 2025, at 1:00 p.m. (Eastern Time) to discuss its results for the three months ended March 31, 2025. ...

Financial Results Announcement - Artisan Partners Asset Management Inc. will report its first quarter 2025 financial results on April 29, 2025, at approximately 4:30 p.m. (Eastern Time) [1] - The earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com [1] - A conference call to discuss the results will be hosted by CEO Eric Colson, President Jason Gottlieb, and CFO C.J. Daley on April 30, 2025, at 1:00 p.m. (Eastern Time) [1] Conference Call Participation - A live webcast of the conference call will be available via the investor relations section of artisanpartners.com [2] - Interested participants can dial in using the following numbers: United States/Toll Free: 1-877-328-5507, International: 1-412-317-5423, with Conference ID: 10197435 [2] - An audio replay of the conference call will be available one hour after the end of the conference until May 7, 2025, at 9:00 a.m. (Eastern Time) [2] Company Overview - Artisan Partners is a global investment management firm providing a broad range of high value-added investment strategies in growing asset classes [3] - The firm has been committed to attracting experienced investment professionals since its establishment in 1994 [3] - Artisan Partners' autonomous investment teams manage a diverse range of investment strategies across multiple asset classes [3]

MILWAUKEE, April 09, 2025 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management ("AUM") as of March 31, 2025 totaled $162.4 billion. Artisan Funds and Artisan Global Funds accounted for $79.2 billion of total firm AUM, while separate accounts and other AUM1 accounted for $83.2 billion. PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2 As of March 31, 2025 - ($ Millions) Growth Team Global Opportunities$ 19,249 Global Discover ...

Core Insights - Artisan Partners Asset Management Inc. reported preliminary assets under management (AUM) of $167.7 billion as of February 28, 2025 [1] - The AUM is divided into Artisan Funds and Artisan Global Funds, totaling $81.3 billion, while separate accounts and other AUM account for $86.4 billion [1] AUM by Strategy - The Growth Team's AUM includes: - Global Opportunities: $20,708 million - U.S. Mid-Cap Growth: $12,712 million - U.S. Small-Cap Growth: $2,978 million - The Global Equity Team's AUM includes: - Non-U.S. Growth: $13,417 million - International Value: $46,553 million - The Global Value Team's AUM includes: - Global Value: $30,646 million - The Credit Team's AUM includes: - High Income: $11,968 million - The Developing World Team's AUM includes: - Developing World: $4,356 million - Total firm AUM is $167,698 million [2] Separate Accounts and Other AUM - Separate account and other AUM consist of assets managed through vehicles other than Artisan Funds or Artisan Global Funds, including traditional separate accounts and Artisan-branded collective investment trusts [3] - AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $109.0 million for which investment models are provided to managed account sponsors [4] Company Overview - Artisan Partners is a global investment management firm offering a range of high value-added investment strategies to sophisticated clients [5] - The firm has been committed to attracting experienced investment professionals since its establishment in 1994 [5]

The Zacks Investment Management industry continues to bear the brunt of a constant shift toward passive investing. As fees earned by the industry players are lower compared with active investment strategies, this continues to exert pressure on margins. Also, tighter regulations, rising compliance costs and technology upgrades are expected to strain industry players’ profitability. Yet, the industry will benefit from investors' shift toward higher-yielding investment vehicles. Hence, sustained economic growt ...

MILWAUKEE, March 04, 2025 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM, the “Company”) announced today the appointment of Jason Gottlieb, current President of the Company, to succeed Eric Colson as Chief Executive Officer, and the appointment of Mr. Colson as Executive Chair of the Company, each effective following the Company’s 2025 annual meeting of stockholders on June 4, 2025. At that time, it is expected that Mr. Gottlieb will be elected to the Company’s Board of Directors, an ...