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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 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.
Silvercrest Asset Management Group (NASDAQ: SAMG) has announced a teleconference scheduled for March 3, 2022, at 8:30 am Eastern Time to review its fourth-quarter and 2021 annual financial results. The results will be disclosed before the U.S. markets open, and the call will feature remarks from CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session. The call can be accessed by dialing 1-844-836-8743 (or 1-412-317-5723 for international callers). Archived access will be available post-call on their Investor Relations page.
Silvercrest Asset Management Group (NASDAQ: SAMG) will hold a teleconference on March 4, 2022, at 8:30 am ET to discuss its financial results for Q4 and the year ending December 31, 2021. A news release with the results will be available before the U.S. market opens. The call will feature Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session for analysts and investors. The firm managed $31.0 billion in assets as of September 30, 2021, and offers investment advisory services to wealthy families and select institutions.
Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) announced a quarterly dividend of $0.17 per share of Class A common stock, declared on February 8, 2022. The dividend will be distributed on or about March 18, 2022 to shareholders recorded as of the close of business on March 11, 2022. As of September 30, 2021, Silvercrest managed $31.0 billion in assets, delivering investment advisory services to wealthy families and select institutions.
Silvercrest Asset Management Group reported strong third quarter results for 2021, achieving a 25.7% year-over-year increase in discretionary assets under management, reaching $22.5 billion. Revenue climbed to $33.5 million, a rise of 23.1%, with Adjusted EBITDA at $10.3 million, reflecting a 27.4% increase. The company's total assets under management totaled $31.0 billion. Additionally, a quarterly dividend of $0.17 per share was declared. The OCIO business surpassed its $1 billion AUM goal, now standing at $1.1 billion.
Silvercrest Asset Management Group (NASDAQ: SAMG) will hold a teleconference on November 5, 2021, at 8:30 am ET to discuss its third-quarter financial results for the period ending September 30, 2021. A news release with the results will be available before the U.S. market opens. The call will feature insights from CEO Richard R. Hough III and CFO Scott A. Gerard, followed by a Q&A session for analysts and investors. The event can be accessed via phone or through an archived replay on their website.
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