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. reports news centered on its registered investment adviser business, which provides traditional and alternative investment advisory services and family office services to wealthy families and select institutional investors. Recurring updates cover quarterly operating results, discretionary assets under management, new client account flows, managed account revenue drivers, institutional consultant activity, and dividends on Class A common stock.
Company announcements also describe market expansion and product development across its wealth management and institutional channels, including new offices, international business development, equity strategy demand, and fund launches for institutional or wholesale clients. The firm was founded as an independent, employee-owned adviser and operates through Silvercrest Asset Management Group LLC as its principal operating subsidiary.
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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.