ETF manager WisdomTree Investments (NasdaqGM: WETF) on Friday said its third-quarter net income rose to $4.5 million from $1.4 million in the year-ago period on record revenue.
The New York-based firm said it gathered $1 billion in net inflows for the quarter.
“We achieved record revenues and net income and continue to see the power of the operating leverage in our business model,” said CEO Jonathan Steinberg in the earnings release.
WisdomTree’s ETF assets rose to $16.8 billion from $15 billion at the end of the second quarter.
The firm’s total revenue climbed to $21.7 million from $17.7 million in the third quarter of 2011. [WisdomTree Liquidating Three ETFs]