Welcome to our dedicated page for Silvercrest Asse news (Ticker: SAMG), a resource for investors and traders seeking the latest updates and insights on Silvercrest Asse stock.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) is a premier, independent, employee-owned, registered investment advisor offering top-tier asset management and family office services to affluent families and select institutional investors. Founded in 2002, Silvercrest distinguishes itself by blending client-focused services reminiscent of traditional private banks with cutting-edge portfolio construction, risk management, and diversification strategies.
With a team of seasoned professionals averaging over 25 years of wealth management experience, Silvercrest has adeptly navigated clients through various market cycles. The firm ensures that client assets are invested in alignment with their risk tolerance, free from the conflicts of interest that often beset larger organizations.
Silvercrest provides comprehensive financial advisory services, including traditional investment strategies focusing on equities, fixed income, and cash, as well as non-traditional strategies like hedge funds, private equity, real estate, and commodities. In addition, the firm offers family office services encompassing financial planning, tax planning and preparation, partnership accounting, fund administration, and consolidated wealth reporting.
As of the latest updates, Silvercrest concluded the second quarter of 2023 with Total Assets Under Management (AUM) of $31.9 billion and Discretionary AUM of $21.5 billion. Despite a 9.9% decrease in revenue for the first half of 2023 compared to 2022, the firm maintains a historically healthy Adjusted EBITDA Margin of 27.5%, highlighting its resilience and efficiency. The company recently declared a quarterly dividend of $0.19 per share, demonstrating its commitment to returning value to shareholders.
Silvercrest continues to explore robust new business opportunities and is investing strategically to drive future growth. The firm remains committed to delivering exceptional client service while leveraging its extensive expertise to navigate the complexities of global markets.
For more information, visit Silvercrest's official website and stay updated with the latest developments.
Silvercrest Asset Management Group Inc. reported Q1 2024 results, showing positive growth in Discretionary Assets Under Management, Total AUM, and revenue. The company is focusing on new opportunities, investments, and international expansion. While revenue increased, higher expenses impacted most metrics, with a noticeable rise in compensation expenses. Despite challenges, Silvercrest's pipeline of new institutional business opportunities doubled, positioning the firm for positive flows. The company declared a dividend, indicating confidence in its financial position.
Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) has expanded its international and global equity capability by hiring Rehan Chaudhri, James A. Dunn, Jr., Ken Dennig, and Robert Gondolfo. The team will enhance the firm's investment capabilities and global outreach with their Global Equity Strategy, providing comprehensive offerings to families and institutional investors. Rehan Chaudhri and his team bring significant investment expertise and experience managing equity mandates for large institutions worldwide. Chaudhri, a Managing Director and Lead Portfolio Manager, has a proven track record in global and international value equity markets. James A. Dunn, Jr., a Managing Director, brings over 25 years of professional investing experience. Ken Dennig, a former partner at Altrinsic Global Advisors, has over 20 years of investment experience. Robert Gondolfo, a Senior Vice President, brings expertise in process improvement initiatives and back-office operations.
Silvercrest Asset Management Group Inc. (SAMG) will host a teleconference on May 3, 2024, to discuss the financial results for the first quarter ended March 31, 2024. Chairman Richard R. Hough III and CFO Scott A. Gerard will review the results, followed by a Q&A session for analysts and investors.
FAQ
What is the current stock price of Silvercrest Asse (SAMG)?
What is the market cap of Silvercrest Asse (SAMG)?
What services does Silvercrest Asset Management Group Inc. provide?
What is the current Total Assets Under Management for Silvercrest?
How does Silvercrest differentiate itself from larger organizations?
What recent financial performance highlights can be noted for Silvercrest?
Where are Silvercrest's offices located?
Who are the key executives at Silvercrest?
What are some of Silvercrest's investment strategies?
How has Silvercrest's AUM changed recently?
How can investors listen to Silvercrest's earnings calls?
What is Silvercrest's approach to risk management?
