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Monday, January 05, 2009

WisdomTree Switches Auditors

News summary by MFWire's editors

WisdomTree Investments tapped Ernst & Young as its new independent auditor. Ernst & Young replaces Marcum & Kliegman.
Company Press Release

NEW YORK--(BUSINESS WIRE)--WisdomTree Investments, Inc. (Pink Sheets: WSDT), an industry leading index developer and exchange-traded fund (ETF) sponsor, today announced that it has engaged Ernst & Young LLP to serve as the Company's independent registered public accounting firm and dismissed Marcum & Kliegman LLP (“Marcum & Kliegman”). The decision was made by the Audit Committee of the Company’s Board of Directors. The Audit Committee thanked Marcum & Kliegman for their service to the Company.

During the last two fiscal years ended December 31, 2007 and 2006 and any subsequent interim period, (i) there were no disagreements with Marcum & Kliegman on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which disagreements, if not resolved to the satisfaction of Marcum & Kliegman, would have caused Marcum & Kliegman to make reference to the subject matter of the disagreements in connection with its report, and (ii) Marcum & Kliegman’s report did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles. During the two fiscal years ended December 31, 2007 and 2006 and any subsequent interim period, there were no “reportable events” (as described in Item 304(a)(1)(v) of Regulation S-K).

About WisdomTree

WisdomTree® is a leading ETF sponsor and innovative index developer using its own fundamentally weighted index methodology. WisdomTree also licenses its indexes to third parties for proprietary products and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. Approximately $3.6 billion in assets are currently managed against the WisdomTree Indexes by WisdomTree and third parties under license from WisdomTree. For more information, please visit www.wisdomtree.com or www.wisdomtree401k.com.

Edited by: Armie Margaret Lee

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