Affiliated Managers Group

AMG helps independent investment firms grow by providing them with extra money and expert business advice. These firms manage money for big groups like pensions and individual families who want to build wealth. AMG lets these firms keep their own styles and names while helping them find new customers globally.

What AMG Manages

• Liquid Alternatives: Strategies like trend-following and global macro that aim for returns not tied to stock market movements; accounted for $227 billion of assets as of December 31, 2025.
• Differentiated Long-Only: Standard stock and bond investments used in mutual funds and exchange-traded funds; totaled $440 billion in assets at the end of 2025.
• Private Markets: Investments in areas like private equity that require keeping money committed for long periods; managed $146 billion in assets as of December 31, 2025.
• Wealth Management: Customized financial planning and investment counseling for high-net-worth individuals and families.

Strategic Moves and Partnerships

• Expanded the U.S. wealth platform by launching four new alternative strategies and an active exchange-traded fund over the last two years.
• Increased investments in fast-growing private markets and liquid alternatives to improve long-term organic growth.
• Used capital to seed new products and support succession planning for partners at existing firms.

A Global Partner Network

AMG operates a unique model that supports the independence of its partners while providing a massive distribution network across the U.S., Europe, the UK, Middle East, and Asia. This structure allows small, expert teams to access global markets they could not reach on their own.

The Recent Numbers

• Revenue reached $800.4 million in Q4 2025, up 52.7% from Q4 2024.
• Net income rose to $347.6 million in Q4 2025, a 114.4% increase year-over-year.
• Free cash flow grew to $265.4 million in Q4 2025, up 25.5% from the previous year.
• Operating income hit $308.5 million in Q4 2025, up 75.4% from Q4 2024.

The Evolution of AMG

AMG has shifted its focus toward alternative investments and private markets to build more stable, long-term earnings. The company has moved from a simple investment holder to a strategic partner that provides global sales and product development for its affiliates.