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Company Overview
Silvercrest Asset Management Group Inc (NASDAQ: SAMG) is an independent, employee-owned investment advisory firm that has built its reputation on decades of wealth management expertise. The firm offers a comprehensive suite of asset management and family office services designed for ultra-high-net-worth families and select institutional investors. Combining traditional client-focused service with advanced portfolio construction and modern risk management techniques, Silvercrest has maintained a business model that is both sophisticated and deeply rooted in personal investment experience.
Core Business Areas and Services
At the heart of Silvercrest's operations is its commitment to offering both traditional investment strategies and alternative investment solutions. For its clients, the firm advises on a range of asset classes including equities, fixed income, and cash, while also incorporating non-traditional investments such as hedge funds, private equity, real estate, and commodities. This diversified approach provides clients with a balanced portfolio that is aligned with their individual risk tolerance and long-term financial goals.
Investment Philosophy and Operational Integrity
Silvercrest's investment philosophy is anchored in a commitment to long-term, risk-adjusted performance rather than chasing short-term market manias. The firm emphasizes the importance of investing in a manner that is consistent with each client's risk tolerance, demonstrating an approach that is both analytical and disciplined. With managing directors who average more than 25 years of wealth management experience, the advisor’s strategy merges classic investment principles with state-of-the-art portfolio construction methods, ensuring that asset allocation and risk management are executed with precision.
Client-Centric Focus and Business Model
A key hallmark of Silvercrest is its client-centric approach, a legacy of the service levels traditionally found in private banking. The firm's business structure, driven by employee ownership, inherently reduces conflicts of interest, thereby providing a measure of trust and integrity in its advisory relationships. This unique structure not only benefits its clients by aligning interests between the firm and its investors, but it also supports a collegial culture where each employee is invested in the success of client portfolios.
Operational Expertise and Global Outreach
Leveraging deep institutional knowledge, Silvercrest integrates a diverse range of financial planning services such as tax planning, partnership accounting, fund administration, and consolidated wealth reporting. The firm also regularly updates its investment capabilities by incorporating global and international equity expertise, thus ensuring a diversified approach that can adapt to changing market conditions. With a robust team that combines decades of experience across various market cycles, Silvercrest stays resilient in both bullish and bearish periods.
Competitive Landscape and Differentiators
Within the competitive landscape of wealth management and asset advisory, Silvercrest stands out through its independent ownership and commitment to client-first service. Unlike many larger organizations, the firm is not encumbered by the typical conflicts of interest, offering a purer form of advisory service that prioritizes the client’s needs over corporate gains. The combination of traditional methodologies with innovative investment strategies means that the firm can effectively navigate both conventional assets and alternative investment avenues while providing comprehensive family office services.
Technology, Research and Risk Management
Silvercrest employs state-of-the-art theories and practices in portfolio construction and risk management. The firm’s continuous investment in technology-backed research ensures that their risk management frameworks are both comprehensive and adaptive to market dynamics. This thoughtful integration of research and technology underpins the firm’s ability to provide a robust, diversified strategy that is methodical and measurable in minimizing risk.
Expertise and Industry Experience
Having a team with decades of cumulative experience, Silvercrest showcases deep industry expertise that spans numerous market cycles. This wealth of experience is reflected in their ability to manage portfolios with an eye for detail and a focus on comprehensive asset diversification. Their seasoned professionals leverage historical insights and current market intelligence to build portfolios that are resilient in a dynamic economic landscape.
Family Office Services and Holistic Advisory
Beyond asset management, Silvercrest extends its expertise to comprehensive family office services. This includes detailed financial planning, tax advisory, administrative coordination, and consolidated wealth reporting, all designed to simplify the management of complex family finances. By offering these additional services, the firm ensures that its clients receive a holistic approach to wealth management that optimally positions them for long-term financial stability.
Summary
In summary, Silvercrest Asset Management Group Inc is characterized by its blend of traditional high-touch service with modern, analytical investment strategies. Its independent, employee-owned structure contributes to a conflict-of-interest-free advisory environment that is both trusted and proven through decades of market performance. With a focus on diversified investment strategies, comprehensive advisory services, and an unwavering commitment to client priorities, Silvercrest maintains a significant position in the wealth management industry. Investors and research analysts can value the firm's expertise, well-defined operational model, and its ability to navigate both broad market cycles and specific investment niches.
- Industry-specific keywords: wealth management, asset management, investment advisory
- Core Competencies: portfolio construction, risk management, family office services
- Management Strength: decades of experience across market cycles
Silvercrest Asset Management Group (NASDAQ: SAMG) reported strong Q4 and full-year 2024 results, with total AUM reaching $36.5 billion, up 9.6% from 2023. The company secured $1.4 billion in Q4 new client inflows, primarily from a $1.3 billion USD investment in their new Global Value Equity strategy from CBUS.
Key financial highlights include:
- Revenue increased 5.3% to $123.7 million for 2024
- Q4 revenue up 12.0% to $32.0 million
- Discretionary AUM rose 6.4% to $23.3 billion
- Net income of $15.7 million for 2024
The company expanded its global presence with new business development leads in Atlanta and Singapore, obtained MAS license, and plans further European market initiatives. Silvercrest maintains a robust pipeline and expects significant new organic flows, particularly through their new Global Value Equity strategy.
Silvercrest Asset Management Group (NASDAQ: SAMG) has scheduled a teleconference for March 7, 2025, at 8:30 am Eastern Time to discuss their Q4 and full-year 2024 financial results. The company will release its financial report before U.S. markets open on the same day.
The conference call will feature presentations from Chairman, CEO and President Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session for analysts and institutional investors. Interested parties can access the call through:
- Domestic dial-in: 1-844-836-8743
- International dial-in: 1-412-317-5723
- Live webcast: Available via the investor relations section of www.silvercrestgroup.com
An archived replay of the call will be accessible through the company's Investor Relations page at http://ir.silvercrestgroup.com/.
Silvercrest Asset Management Group (NASDAQ:SAMG) has promoted J. Allen Gray to Head of Institutional Business. Gray, who joined Silvercrest in 2008, will oversee the firm's institutional business, consultant and client relations. As a Silvercrest Partner, Managing Director, and Executive Committee member, Gray has been instrumental in the company's institutional equity business success.
Prior to Silvercrest, Gray held key positions at Osprey Partners Investment Management as Managing Partner and at Radnor Capital Management as Managing Director. The firm, founded in 2002, reported $35.1 billion in assets under management as of September 30, 2024, and maintains offices across seven U.S. locations including New York, Boston, Virginia, Atlanta, New Jersey, California, and Wisconsin.
Silvercrest Asset Management Group (NASDAQ: SAMG) has announced a quarterly dividend declaration of $0.20 per share of Class A common stock. The dividend was declared by the board of directors on January 29, 2025. Shareholders who are on record as of the market close on March 14, 2025, will receive the dividend payment around March 21, 2025.
Silvercrest Asset Management Group (NASDAQ:SAMG) has announced the promotion of five professionals to Partner positions. The new partners are: Kate Burns, a Director and Portfolio Manager with over 25 years of investment experience; Lorena Cardenas, a Director and Compliance Officer with 14+ years of compliance experience; Ted Moore, CFA, a Director and Portfolio Manager specializing in various investment strategies; Judy Morrill, a Managing Director and Portfolio Manager with over 35 years of investment experience; and Carolin Newland, CFA, a Director and Portfolio Manager focused on ultra-high-net-worth clients.
Each partner brings significant expertise and leadership experience to their roles, having worked at prestigious financial institutions before joining Silvercrest. The promotions reflect their exceptional contributions to the firm and dedication to client success.
Silvercrest Asset Management Group (NASDAQ:SAMG) has secured a significant $1.3 billion USD seed investment from Australia's Construction and Building Unions Superannuation Fund (CBUS) to launch its Global Value Opportunity Equity Strategy. The investment marks a major milestone for Silvercrest's international expansion and follows the recent hiring of Rehan Chaudhri and his team to lead the strategy.
CBUS, managing over $94 billion for 920,000+ members, represents Australia's construction and building workers. Silvercrest, with $35.1 billion in assets under management as of September 30, 2024, operates from multiple locations across the United States, providing investment advisory and family office services to wealthy families and institutional investors.
Silvercrest Asset Management Group (SAMG) reported Q3 2024 financial results with total Assets Under Management (AUM) reaching $35.1 billion, including $22.6 billion in discretionary AUM. Revenue increased 2.4% to $30.4 million compared to Q3 2023. However, net income decreased to $3.7 million from $5.4 million year-over-year, with margins declining to 12.3% from 18.1%. The company's discretionary AUM grew 10.2% year-over-year, driven by $4.1 billion in market appreciation, partially offset by $2.0 billion in net client outflows. The Board approved a quarterly dividend of $0.20 per share of Class A common stock.
Silvercrest Asset Management Group (NASDAQ: SAMG) has scheduled a teleconference for November 1, 2024, at 8:30 am Eastern Time to discuss their third quarter 2024 financial results. The results will be released before U.S. markets open. Chairman, CEO and President Richard R. Hough III and CFO Scott A. Gerard will present the quarterly results and host a Q&A session for analysts and institutional investors. The call can be accessed by dialing 1-844-836-8743 (domestic) or 1-412-317-5723 (international), with a live webcast available on the company's investor relations website.
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has announced the appointment of Chip Kelleher as Managing Director, who will lead the firm's expansion in the southern market by opening a new office in Atlanta, Georgia. Kelleher brings extensive experience in asset management and a strong network in the financial industry. The Atlanta office will serve as a key hub for Silvercrest's operations, offering comprehensive asset management and advisory services.
This expansion follows the success of Silvercrest's fast-growing Richmond, VA, office and aims to strengthen the firm's regional presence. The new office will provide a full suite of investment management services, including customized portfolio strategies and comprehensive financial planning, catering to the evolving needs of clients across diverse geographic regions.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) has announced a $12 million common stock repurchase program authorized by its Board of Directors. The program allows the company to buy back up to $12 million worth of its Class A common stock over the next 12 months, subject to market conditions. Repurchases may be made in the open market at prices deemed appropriate by the company. The program is flexible, with no obligation to repurchase any specific amount or number of shares, and can be suspended or discontinued at any time. This move demonstrates Silvercrest's confidence in its financial position and commitment to enhancing shareholder value.
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