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Silvercrest Asset Management Group Inc. - SAMG STOCK NEWS

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.

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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.

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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.

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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.

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Silvercrest Asset Management Group Inc. reported its operations for Q4 and full year 2023, showing growth in AUM but a decrease in revenue. Despite market appreciation and net client inflows, revenue declined by 4.7% for the year. Adjusted EBITDA and earnings per share also decreased, indicating a challenging year for the company.
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Silvercrest Asset Management Group Inc. (SAMG) will host a teleconference on March 8, 2024, to discuss its financial results for Q4 and year-end 2023. Chairman, CEO, and CFO will review the results, followed by a Q&A session. Analysts and investors can participate via phone or webcast.
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Silvercrest Asset Management Group Inc. (SAMG) declares a quarterly dividend of $0.19 per share of Class A common stock on February 13, 2024.
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Silvercrest Asset Management Group Inc. reported its Q3 2023 results, with Total AUM of $31.2 billion and Discretionary AUM of $20.5 billion. Discretionary AUM decreased by $1.0 billion from the previous quarter. Revenue increased by 2.3% YoY for Q3 2023. However, most business metrics remain down YoY and YTD. Adjusted EBITDA Margin for the three and nine months ended September 30, 2023, was 26.9% and 27.3%, respectively. The company's pipeline of new business opportunities has weakened since Q2 due to a changing and uncertain business environment.
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Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) will host a teleconference on November 3, 2023, to discuss Q3 financial results. Chairman, CEO, and President Richard R. Hough III and CFO Scott A. Gerard will review the results.
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Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) reported Q2 2023 operations, showing Total AUM of $31.9 billion, Discretionary AUM of $21.5 billion, and a 11.2% increase in Total AUM over Q2 2022. However, revenue fell 9.9% compared to 2022, affecting Adjusted EBITDA and Adjusted Diluted Earnings per Share. The company's Adjusted EBITDA Margin of 27.5% for H1 2023 represents a 5.8% increase over year-end 2022. Silvercrest's pipeline of new business opportunities remains robust, and a quarterly dividend of $0.19 per share of Class A common stock was declared on July 26, 2023.
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FAQ

What services does Silvercrest Asset Management Group Inc. provide?

Silvercrest offers asset management, traditional and non-traditional investment strategies, family office services including financial and tax planning, partnership accounting, fund administration, and consolidated wealth reporting.

What is the current Total Assets Under Management for Silvercrest?

As of the latest update, Silvercrest's Total Assets Under Management (AUM) stand at $31.9 billion.

How does Silvercrest differentiate itself from larger organizations?

Silvercrest is independent and employee-owned, avoiding the conflicts of interest that can affect larger firms. It provides personalized, client-focused service backed by extensive experience in wealth management.

What recent financial performance highlights can be noted for Silvercrest?

Despite a 9.9% revenue decline in the first half of 2023 compared to 2022, Silvercrest maintains a strong Adjusted EBITDA Margin of 27.5%. It also declared a quarterly dividend of $0.19 per share.

Where are Silvercrest's offices located?

Silvercrest has offices located in New York, Boston, Virginia, New Jersey, California, and Wisconsin.

Who are the key executives at Silvercrest?

Key executives include Richard R. Hough III, CEO and President, and Scott A. Gerard, CFO.

What are some of Silvercrest's investment strategies?

Silvercrest employs both traditional investment strategies, such as equities and fixed income, and non-traditional strategies, including hedge funds, private equity, real estate, and commodities.

How has Silvercrest's AUM changed recently?

Silvercrest's discretionary AUM increased by 0.9% to $21.5 billion as of June 30, 2023, while its total AUM increased by 6.7% to $31.9 billion in the same period.

How can investors listen to Silvercrest's earnings calls?

Investors can access Silvercrest's earnings calls via a live webcast on the investor relations section of their website or by dialing into the provided conference call numbers.

What is Silvercrest's approach to risk management?

Silvercrest combines state-of-the-art theories of portfolio construction, risk management, and diversification to ensure that client assets are invested in a manner consistent with their tolerance for risk.

Silvercrest Asset Management Group Inc.

Nasdaq:SAMG

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