Welcome to our dedicated page for Silvercrest Asset Management Group news (Ticker: SAMG), a resource for investors and traders seeking the latest updates and insights on Silvercrest Asset Management Group 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 reported a challenging year-end for December 31, 2022, with a 10.5% decrease in Total AUM to $28.9 billion and a 16.7% decline in Discretionary AUM to $20.9 billion. Revenue fell 6.4% year-over-year to $123.2 million, impacting Adjusted EBITDA which declined to $32 million and Adjusted Diluted EPS to $1.35. Despite these challenges, there was a 7.7% growth in Discretionary AUM in Q4 compared to Q3, and the company reported new client relationships totaling $220 million. The firm maintains a healthy Adjusted EBITDA margin of 26%.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on March 3, 2023, at 8:30 am ET to discuss its fourth quarter and full-year financial results for 2022. The results will be released before U.S. market open. Chairman and CEO Richard R. Hough III, alongside CFO Scott A. Gerard, will present the results followed by a Q&A session for analysts and institutional investors. Participants can join the call by phone or via a live webcast available on the company’s investor relations page. As of September 30, 2022, Silvercrest reported assets under management of $27.4 billion.
Silvercrest Asset Management Group (NASDAQ: SAMG) declared a quarterly dividend of $0.18 per share on February 14, 2023. This dividend will be paid to shareholders of record as of the close of business on March 10, 2023, with a payment date on or about March 17, 2023. Founded in April 2002, Silvercrest is an independent, employee-owned registered investment adviser with approximately $27.4 billion in assets under management as of September 30, 2022. The firm operates multiple offices across the U.S., providing investment advisory and family office services to wealthy families and select institutional investors.
Silvercrest Asset Management Group (SAMG) reported a decrease in discretionary assets under management (AUM) to $19.4 billion as of September 30, 2022, down from $22.5 billion a year earlier. Revenue fell to $29 million from $33.5 million. Despite a healthy Adjusted EBITDA margin of 28.1%, both revenue and total AUM decreased year-over-year. The firm declared a quarterly dividend of $0.18 per share to be paid in December 2022. Market volatility continues to create opportunities, and the firm has added new client relationships despite recent declines.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on November 4, 2022, at 8:30 am ET to discuss its Q3 2022 financial results ending September 30, 2022. The results will be announced before the U.S. equity markets open and will be available on their Investor Relations page. CEO Richard R. Hough III and CFO Scott A. Gerard will review the results, followed by a Q&A session for analysts and institutional investors. Callers can participate by dialing 1-844-836-8743 (domestic) or 1-412-317-5723 (international).
Silvercrest Asset Management Group reported its second quarter 2022 results, revealing substantial impacts from market volatility and net outflows due to client tax payments. Discretionary assets under management (AUM) fell to $20.4 billion, down from $22.9 billion a year ago, contributing to a revenue decrease to $32.2 million. Despite the downturn, the company reported an Adjusted EBITDA of $9.2 million, maintaining a healthy margin of 28.5%. Silvercrest declared a quarterly dividend of $0.18 per share, with AUM standing at $28.7 billion.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on July 29, 2022, at 8:30 am ET, to discuss its financial results for Q2 2022, ending June 30, 2022. The results will be released prior to the market opening. CEO Richard R. Hough III and CFO Scott A. Gerard will present the results followed by a Q&A session. Interested parties can join by calling 1-844-836-8743 (or 1-412-317-5723 for international participants). An archived replay will be available later on Silvercrest's Investor Relations page.
On May 5, 2022, Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) released its Q1 2022 financial results, marking its 20th anniversary. Discretionary AUM reached $23.8 billion, an 8.7% year-over-year increase, despite a 5.2% decline from the previous quarter due to market volatility. Revenue rose 7.3% to $33.5 million, with Adjusted EBITDA at approximately $10.3 million and a margin of 30.6%. Net income was $12.4 million. The Board declared a quarterly dividend of $0.17 per share, payable June 17, 2022. A conference call is scheduled for May 6, 2022.
Silvercrest Asset Management Group (NASDAQ: SAMG) will host a teleconference on May 6, 2022, at 8:30 AM ET to discuss its Q1 financial results for the period ending March 31, 2022. The company will release its financial results before U.S. market open, available on Silvercrest's website. CEO Richard R. Hough III and CFO Scott A. Gerard will present the results and participate in a Q&A session. Silvercrest, an independent investment adviser, reported $32.3 billion in assets under management as of December 31, 2021.
Silvercrest Asset Management Group reported strong financial results for the quarter and year ended December 31, 2021. Discretionary assets under management (AUM) rose by $2.6 billion (11.6%) in Q4, totaling $25.1 billion. Full-year AUM grew by $4.5 billion (21.8%). Q4 revenue reached $33.8 million, with net income of $8.6 million. For the entire year, revenue was $131.6 million, and net income increased to $24.9 million. Adjusted EBITDA margins improved to 33.0%. The firm also repurchased shares, enhancing shareholder value.
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