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) provides institutional-grade wealth management and family office services to ultra-high-net-worth clients. This news hub delivers official updates directly from the employee-owned firm, offering investors and analysts a centralized source for strategic developments.
Discover SAMG's latest earnings reports, leadership announcements, and portfolio strategy insights. Our curated collection features press releases covering acquisitions, risk management innovations, and service expansions – all essential for understanding this independent advisor's market position.
Key updates include quarterly performance disclosures, regulatory filings, and executive commentary on market trends. Bookmark this page to monitor SAMG's disciplined approach to asset allocation and its evolving solutions for complex wealth management needs.
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%.
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