Consolidated Operating Highlights ($, in billions):

AUM

Assets acquired

Net inflows/(outflows)

Average AUM

Average advisory fee

Consolidated Financial Highlights ($, in millions, except per share amounts):

Operating revenues

Net income

Diluted earnings per share

Operating income margin

Non-GAAP¹:

Net income, as adjusted

Diluted net income per share, as adjusted

Operating income margin, as adjusted

In June 2018, the Company announced the addition of Chris Gardner, author of “The Pursuit of Happyness,” as a Senior Advisor.

In July 2018, the Company announced that it entered into an ETF Program Agreement with Cetera Financial Group to be the only ETF sponsor with ETFs available through the no-transaction fee platform; Oranj announced that the Company’s model portfolios and products are now available on Oranj’s free end-to-end wealth management platform; and WisdomTree and AdvisorEngine were selected by a large independent broker-dealer to digitize and optimize their wealth management platform, with WisdomTree providing model portfolios.

In July 2018, the Company announced that it expanded its offering on Schwab ETF OneSource^TM, a commission-free ETF program, with the addition of the WisdomTree Floating Rate Treasury Fund (USFR) and the WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG).

In May 2018, the Company announced the launch of two new funds. The WisdomTree AT1 CoCo Bond UCITS ETF is the first ETF globally to provide investors with access to the Additional Tier 1 (AT1) Contingent Convertible (CoCo) bond market while the WisdomTree Cboe S&P 500 PutWrite UCITS ETF replicates a strategy that is already successful for the Company in the U.S. Both funds were listed on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.

In July 2018, the Company announced the launch of two new smart beta fixed income ETFs which seek to provide enhanced yields on core European investment grade bonds and treasuries, without potentially riskier exposures. The WisdomTree EUR Aggregate Bond Enhanced Yield UCITS ETF (WTDP) and the WisdomTree EUR Government Bond Enhanced Yield UCITS ETF (WTDR) are both listed on the Deutsche Börse Xetra and Borsa Italiana; and the Company announced the launch of two smart beta equity ETFs, offering multifactor exposure to U.S. equities and exposure to Japanese small cap equities. The WisdomTree US Multifactor UCITS ETF (USMF) and the WisdomTree Japan SmallCap Dividend UCITS ETF (DFJ) are both listed on the London Stock Exchange.

In May 2018, the Company announced the launch of the Digital Portfolio Developer (DPD), an on-demand tool for Canadian advisors that focuses on providing deep data analytics to evaluate client and prospect portfolios.

Compensation and benefits expense increased 4.8% from the second quarter of 2017 to $19.3 million due to the ETFS Acquisition, partly offset by lower accrued incentive compensation in our U.S. Business segment. Compensation and benefits expense increased 2.5% from the first quarter of 2018 due to the ETFS Acquisition, partly offset by lower payroll taxes and benefits expense. Payroll taxes and benefits expense in the first quarter of 2018 are seasonally higher due to bonus payments made during that period. Headcount of our U.S. Business segment was 155, 157 and 166 and our International Business segment was 76, 34 and 46 at June 30, 2018, March 31, 2018 and June 30, 2017, respectively.

Fund management and administration expense increased 44.6% from the second quarter of 2017 and 34.0% from the first quarter of 2018 to $14.6 million due to higher average AUM of our International Business segment primarily associated with the ETFS Acquisition. We had 81 U.S. listed ETFs and 445 International listed ETPs at the end of the quarter.

Marketing and advertising expense was essentially unchanged from the second quarter of 2017. This expense increased 18.2% from the first quarter of 2018 to $3.8 million due to higher levels of spending globally.

Sales and business development expense increased 32.9% from the second quarter of 2017 to $4.5 million primarily due to higher spending on sales related activities globally. This expense increased 18.1% from the first quarter of 2018 primarily due to higher spending in our International Business segment.

Contractual gold payments expense represents an ongoing obligation of ETFS Capital that we assumed in connection with the ETFS Acquisition. This ongoing obligation requires us to pay 9,500 ounces of gold annually from the advisory fee income we earn for managing physically backed gold ETPs. During the second quarter of 2018, we recognized $2.7 million of contractual gold payments expense associated with the payment of 2,085 ounces of gold at an average daily spot price of $1,302 per ounce.

Professional and consulting fees increased 27.8% from the second quarter of 2017 to $1.6 million due to higher professional and corporate consulting-related expenses globally. These expenses were essentially unchanged from the first quarter of 2018.

Occupancy, communications and equipment expense increased 14.8% from the second quarter of 2017 and 15.5% from the first quarter of 2018 to $1.6 million primarily due to higher headcount associated with the ETFS Acquisition.

Third-party distribution fees increased 148.7% from the second quarter of 2017 to $1.7 million primarily due to a new distribution relationship announced in the fourth quarter of 2017 and higher fees paid to our third-party marketing agent in Latin America. These expenses were essentially unchanged from the first quarter of 2018.

Acquisition-related costs increased $5.9 million from the first quarter of 2018 to $7.9 million and included professional advisor fees payable upon completion of the ETFS Acquisition, a write-off of our office lease and compensation and other integration costs. Costs incurred in the prior quarter were principally severance, professional fees and other integration costs.

Other expenses increased 22.7% from the second quarter of 2017 and 26.3% from the first quarter of 2018 to $2.3 million primarily due to higher International Business segment office expenses associated with an increase in headcount from the ETFS Acquisition.

Interest expense for the second quarter of 2018 of $2.4 million was incurred principally in connection with a newly raised term loan to facilitate the ETFS Acquisition. Our effective interest rate during the period was 4.9% and includes our cost of borrowing and amortization of issuance costs.

Gain on revaluation of deferred consideration of $9.9 million arose from the ongoing contractual gold payment obligation described above that we assumed from ETFS Capital in connection with the ETFS Acquisition. The present value of the ongoing obligation to pay 9,500 ounces of gold until March 2058, which is then reduced to 6,333 ounces into perpetuity, is recorded on our Consolidated Balance Sheet as deferred consideration, which is re-measured each quarter based upon forward-looking gold prices. A gain was recognized during the second quarter of 2018 as the price of gold had declined when compared to the price on April 11, 2018, the date on which the deferred consideration was originally measured.

Interest income was essentially unchanged from the second quarter of 2017. Interest income decreased 36.4% from the first quarter of 2018 to $0.6 million due to lower interest income on our short-term investment grade bond portfolio which has matured, partly offset by paid-in-kind (“PIK”) interest on a note receivable from AdvisorEngine Inc.

Other net losses increased 37.6% from the second quarter of 2017 and 92.0% from the first quarter of 2018 to $0.5 million primarily due to realized losses arising from the sale of gold earned from management fees paid by physically-backed gold ETPs associated with the ETFS Acquisition, as well as miscellaneous foreign exchange losses.

anticipated trends, conditions and investor sentiment in the global markets and ETPs;

anticipated levels of inflows into and outflows out of our ETPs;

our ability to deliver favorable rates of return to investors;

our ability to develop new products and services;

our ability to maintain current vendors or find new vendors to provide services to us at favorable costs;

our ability to successfully expand our business into non-U.S. markets;

competition in our business; and

the effect of laws and regulations that apply to our business.

Net outflows in our two largest ETFs – the WisdomTree Europe Hedged Equity Fund and the WisdomTree Japan Hedged Equity Fund – have had, and in the future could continue to have, a negative impact on our revenues.

Over the last few years, we have expanded our business globally. This expansion subjects us to increased operational, regulatory, financial and other risks.

The ETFS Acquisition is significant in size relative to our assets and operations and may result in significant changes in our business. Our failure to integrate and manage ETFS successfully could materially and adversely affect our business, results of operations and financial condition.

Declining prices of securities, precious metals and other commodities can adversely affect our business by reducing the market value of the assets we manage or causing customers to sell their fund shares and trigger redemptions.

Fluctuations in the amount and mix of our AUM, whether caused by disruptions in the financial markets or otherwise, may negatively impact revenues and operating margins, and may impede our ability to refinance our debt upon maturity, increase the cost of borrowing or result in our debt being called prior to maturity.

We derive a substantial portion of our revenues from a limited number of products, and as a result, our operating results are particularly exposed to the performance of these products and our ability to maintain the AUM of these products, as well as investor sentiment toward investing in the funds’ strategies and market-specific and political and economic risk.

Much of our AUM is held in our U.S. listed ETFs that invest in foreign securities and we therefore have substantial exposure to foreign market conditions and are subject to foreign currency exchange rate risks.

Many of our ETPs and ETFs have a limited track record, and poor investment performance could cause our revenues to decline.

We depend on third parties to provide many critical services to operate our business and our ETPs and ETFs. The failure of key vendors to adequately provide such services could materially affect our operating business and harm our customers.

See “Non-GAAP Financial Measurements.”

Gross margin is now calculated as total operating revenues, less fund management and administration expenses. Gross margin percentage is calculated as gross margin divided by total operating revenues. See “Non-GAAP Financial Measurements” below for additional information. Amounts previously reported as gross margin for the U.S. Business segment have been restated to conform with our current presentation.

Investor Relations

WisdomTree Investments, Inc.

Jason Weyeneth, CFA

+1.917.267.3858

jweyeneth@wisdomtree.com

Media Relations

WisdomTree Investments, Inc.

Jessica Zaloom

+1.917.267.3735

jzaloom@wisdomtree.com

Operating Revenues:

Advisory fees

Other income

Total revenues

Operating Expenses:

Compensation and benefits

Fund management and administration

Marketing and advertising

Sales and business development

Contractual gold payments

Professional and consulting fees

Occupancy, communications and equipment

Depreciation and amortization

Third-party distribution fees

Acquisition-related costs

Other

Total expenses

Operating income

Other Income/(Expenses):

Interest expense

Gain on revaluation of deferred consideration – gold payments

Interest income

Settlement gain

Other gains and losses, net

Income before taxes

Income tax expense

Net income

Net income per share – basic

Net income per share – diluted

Weighted average common shares – basic

Weighted average common shares – diluted

Operating Revenues:

Advisory fees

Other income

Total revenues

Operating Expenses:

Compensation and benefits

Fund management and administration

Marketing and advertising

Sales and business development

Professional and consulting fees

Occupancy, communications and equipment

Depreciation and amortization

Third-party distribution fees

Acquisition-related costs

Other

Total expenses

Operating income

Other Income/(Expenses):

Interest expense

Interest income

Settlement gain

Other gains and losses, net

Income before taxes

Operating income margin

Operating Revenues:

Advisory fees

Other income

Total revenues

Operating Expenses:

Compensation and benefits

Fund management and administration

Marketing and advertising

Sales and business development

Contractual gold payments

Professional and consulting fees

Occupancy, communications and equipment

Depreciation and amortization

Third-party distribution fees

Acquisition-related costs

Other

Total expenses

Operating income/(loss)

Other Income/(Expenses):

Interest expense

Gain on revaluation of deferred consideration – gold payments

Other gains and losses, net

Income/(loss) before taxes

Operating income margin

ASSETS

Current assets:

Cash and cash equivalents

Securities owned, at fair value

Securities held-to-maturity

Accounts receivable

Income taxes receivable

Prepaid expenses

Other current assets

Total current assets

Fixed assets, net

Note receivable

Securities held-to-maturity

Deferred tax assets, net

Investments, carried at cost

Goodwill

Intangible assets

Other noncurrent assets

Total assets

LIABILITIES AND STOCKHOLDERS’ EQUITY

LIABILITIES

Current liabilities:

Fund management and administration payable

Compensation and benefits payable

Deferred consideration – gold payments

Income taxes payable

Securities sold, but not yet purchased, at fair value

Payable to ETFS Capital

Accounts payable and other liabilities

Total current liabilities

Long-term debt

Deferred consideration – gold payments

Deferred rent payable

Total liabilities

Preferred stock – Series A Non-Voting Convertible, par value $0.01; 14,750 shares authorized, issued and outstanding

STOCKHOLDERS’ EQUITY

Common stock, par value $0.01; 250,000 shares authorized:

Issued and outstanding: 153,142 and 136,996 at June 30, 2018 and December 31, 2017, respectively

Additional paid-in capital

Accumulated other comprehensive income

Accumulated deficit

Total stockholders’ equity

Total liabilities and stockholders’ equity

Cash flows from operating activities:

Net income

Adjustments to reconcile net income to net cash provided by operating activities:

Advisory fees paid in gold and other precious metals

Contractual gold payments

Gain on revaluation of deferred consideration – gold payments

Stock-based compensation

Deferred income taxes

Paid-in-kind interest income

Settlement gain

Amortization of credit facility issuance costs

Depreciation and amortization

Other

Changes in operating assets and liabilities:

Securities owned, at fair value

Accounts receivable

Income taxes receivable/payable

Prepaid expenses

Gold and other precious metals

Other assets

Acquisition payable

Fund management and administration payable

Compensation and benefits payable

Securities sold, but not yet purchased, at fair value

Payable to ETFS Capital

Accounts payable and other liabilities

Net cash provided by operating activities

Cash flows from investing activities:

Purchase of fixed assets

Purchase of securities held-to-maturity

Purchase of debt securities available-for-sale

Purchase of investments

Funding of AdvisorEngine note receivable

Proceeds from held-to-maturity securities maturing or called prior to maturity

Proceeds from sales and maturities of debt securities available-for-sale

Cash paid – ETFS Acquisition, net of cash acquired

Net cash (used in)/provided by investing activities

Cash flows from financing activities:

Dividends paid

Shares repurchased

Credit facility issuance costs

Preferred stock issuance costs

Proceeds from the issuance of long-term debt

Proceeds from exercise of stock options

Net cash provided by/(used in) financing activities

(Decrease)/increase in cash flows due to changes in foreign exchange rate

Net increase/(decrease) in cash and cash equivalents

Cash and cash equivalents – beginning of period

Cash and cash equivalents – end of period

Supplemental disclosure of cash flow information:

Cash paid for taxes

Cash paid for interest

U.S. LISTED ETFs (in millions)

Beginning of period assets

Inflows/(outflows)

Market appreciation/(depreciation)

End of period assets

Average assets during the period

Average ETF advisory fee during the period

Revenue days

Number of ETFs – end of the period

INTERNATIONAL LISTED ETPs (in millions)

Beginning of period assets

Assets acquired

Inflows/(outflows)

Market appreciation/(depreciation)

End of period assets

Average assets during the period

Average ETP advisory fee during the period

Revenue days

Number of ETPs – end of the period

PRODUCT CATEGORIES (in millions)

International Developed Market Equity

Beginning of period assets

Inflows/(outflows)

Market appreciation/(depreciation)

End of period assets

Average assets during the period

Commodity & Currency

Beginning of period assets

Assets acquired

Inflows/(outflows)

Market appreciation/(depreciation)

End of period assets

Average assets during the period

U.S. Equity

Beginning of period assets

Inflows/(outflows)

Market appreciation/(depreciation)

End of period assets

Average assets during the period

Emerging Market Equity

Beginning of period assets