Jarrod Phillips

Partner & CFO, Ares Management

Search every verified Jarrod Phillips interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. At Ares Management’s 2024 Investor Day, Chief Financial Officer Jarrod Phillips presented the firm’s financial results and five-year growth plan. He noted that Ares had achieved record highs across major metrics over the previous five years, with more than 25% compound annual growth in key areas. Phillips emphasized the firm’s management-fee-centric, balance-sheet-light model, stating that balance sheet investments represent half a percent of AUM, compared to an average of 8.5% among peers. He said the firm prioritizes growth over margin expansion, citing examples of strategies that initially compressed margins but later became accretive. Phillips projected that Ares would generate over $3.6 billion in net European waterfall performance fees, which he said would provide flexibility for seeding new strategies, acquisitions, dividends, and potential share repurchases or debt paydowns. He targeted more than 20% annual dividend growth over the next five years and stated the firm expects to more than double its fee-related earnings and realized income. Phillips attributed these projections to the firm’s model, long-duration capital, and focus on quality AUM.