Assets Under Management (AUM) - Silvercrest reported total assets under management (AUM) of $36.5 billion as of December 31, 2024, a 9.6% increase from $33.3 billion at year-end 2023[3]. - Total assets under management (AUM) at the end of Q4 2024 reached $36.5 billion, up from $33.3 billion at the end of Q4 2023, reflecting a 9.6% increase[45]. - Total Assets Under Management (AUM) increased to $36.455 billion as of December 31, 2024, up from $33.281 billion a year earlier, representing a growth of 6.5%[54]. - Discretionary AUM increased by 6.4% to $23.3 billion at year-end 2024, up from $21.9 billion at year-end 2023[11]. - Discretionary AUM at the end of Q4 2024 was $23.3 billion, up from $21.9 billion in Q4 2023, marking a 6.4% increase[47]. - Discretionary AUM reached $23.319 billion at December 31, 2024, compared to $21.885 billion at the same date in 2023, marking an increase of 6.5%[54]. - Non-discretionary AUM increased to $13.2 billion in Q4 2024 from $11.4 billion in Q4 2023, representing a 15.8% growth[50]. Financial Performance - Revenue for Q4 2024 increased by 12.0% to $32.0 million, compared to $28.5 million in Q4 2023, while total revenue for the year rose by 5.3% to $123.7 million from $117.4 million[13][17]. - Adjusted EBITDA for Q4 2024 was $5.1 million, representing 15.9% of revenue, compared to $2.6 million or 9.0% of revenue in Q4 2023[16]. - Adjusted EBITDA for the year ended December 31, 2024, was $26,101,000, compared to $26,878,000 in 2023, resulting in an Adjusted EBITDA margin of 21.1%[37]. - Consolidated net income for Q4 2024 was $2.7 million, compared to a net loss of $0.6 million in the same period last year, with net income attributable to Silvercrest at $1.6 million[15]. - Adjusted net income for the year was $15.8 million, or $1.15 per adjusted basic share, compared to $16.1 million in the previous year[19]. - The company reported a net income of $2,684,000 for the three months ended December 31, 2024, compared to a net loss of $642,000 in the same period of 2023[34]. - Adjusted net income for Q4 2024 was $2,861 million, compared to $1,049 million in Q4 2023, representing a significant increase of 172.5%[40]. - Basic and diluted net income per share for the year ended December 31, 2024, was $1.00, compared to $0.96 in 2023, indicating a 4.2% increase[31]. Client Inflows and Growth - The firm achieved $1.4 billion in new client AUM inflows during Q4 2024, contributing to a total of $1.5 billion for the entire year, marking the best year for new organic client inflows since 2015[2]. - Gross client inflows for Q4 2024 were $2.2 billion, a substantial increase of 144.4% compared to $0.9 billion in Q4 2023[45]. - New client accounts/assets for the twelve months ended December 31, 2024, were $1.549 billion, significantly higher than $0.339 billion in the previous year[54]. - The company anticipates future growth in assets under management and client retention, despite potential risks and uncertainties[27]. Expenses and Liabilities - Total expenses for the year increased by 7.5% to $106.0 million, driven by a 5.6% rise in compensation and benefits expenses[18]. - Total liabilities decreased to $74,739 million in Q4 2024 from $77,764 million in Q4 2023, indicating a reduction of 4.1%[43]. - The company’s cash and cash equivalents were $68,611 million as of December 31, 2024, slightly down from $70,301 million in 2023[43]. - Cash and cash equivalents stood at $68.6 million as of December 31, 2024, down from $70.3 million at the end of 2023[21]. Market and Strategic Initiatives - The firm plans to pursue more initiatives in Europe and has hired business development leads in Atlanta and Singapore to enhance market presence[4]. - Silvercrest continues to focus on maintaining its fee structure and enhancing its investment strategies to drive profitability[27]. - Market appreciation for AUM in Q4 2024 was $0.5 billion, a decrease of 80% compared to $2.5 billion in Q4 2023[45]. - Market appreciation for the twelve months was $2.144 billion, slightly lower than $2.201 billion in the previous year[54].

Core Viewpoint - Silvercrest Asset Management Group Inc. reported strong financial results for the year ended December 31, 2024, with significant growth in assets under management (AUM) and revenue, driven by new client inflows and strategic investments made throughout the year [2][3][19]. Financial Performance - Total AUM reached $36.5 billion as of December 31, 2024, representing a 9.6% increase from $33.3 billion at year-end 2023 [3][12]. - Discretionary AUM rose by 6.4% to $23.3 billion from $21.9 billion, primarily due to market appreciation of $2.1 billion, despite net client outflows of $0.7 billion [12][19]. - Revenue for the year increased by 5.3% to $123.7 million from $117.4 million, with Q4 revenue up 12.0% to $32.0 million from $28.5 million [3][19][21]. Client Inflows and Strategic Initiatives - Silvercrest achieved $1.4 billion in new client AUM inflows in Q4 and $1.5 billion for the entire year, marking the best year for new organic client inflows since 2015 [2][5]. - A significant seed investment of $1.3 billion in the new Global Value Equity strategy was secured in partnership with CBUS, one of Australia's largest superannuation funds [2][5]. - The firm has expanded its business development efforts by hiring new leads in Atlanta and Singapore and has obtained a full MAS license for operations in Singapore [4][5]. Operational Efficiency - Total expenses for the year increased by 7.5% to $106.0 million, with compensation and benefits expenses rising by 5.6% to $76.7 million [20][21]. - Adjusted EBITDA for the year was $26.1 million, representing a margin of 21.1%, compared to $26.9 million and a margin of 22.9% in the previous year [22][38]. Market Position and Future Outlook - The firm has developed stronger institutional consulting relationships and maintains a robust pipeline for future investment opportunities [5][6]. - Silvercrest is optimistic about securing significant new organic flows in 2025, which are expected to enhance revenue and return on invested capital [2][5].

Company Overview - Silvercrest Asset Management Group Inc. is an independent, employee-owned registered investment adviser founded in April 2002 [4] - The company provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors [4] - As of September 30, 2024, Silvercrest reported assets under management of $35.1 billion [4] Upcoming Financial Results - Silvercrest will host a teleconference on March 7, 2025, at 8:30 am Eastern Time to discuss its financial results for the fourth quarter and year ended December 31, 2024 [1] - A news release containing the financial results will be issued before the U.S. equity markets open [1] Management Participation - The teleconference will feature Chairman, CEO, and President Richard R. Hough III and CFO Scott A. Gerard reviewing the quarterly results [2] - There will be a question and answer session for analysts and institutional investors following the prepared remarks [2] Accessing the Teleconference - Analysts, institutional investors, and the general public can listen to the call by dialing 1-844-836-8743 or 1-412-317-5723 for international callers [3] - A live, listen-only webcast will be available on the investor relations section of the Silvercrest website [3] - An archived replay of the call will be accessible after the live call on the Investor Relations page [3]

Core Insights - Silvercrest Asset Management Group Inc. has promoted J. Allen Gray to Head of Institutional Business, overseeing institutional business, consultant, and client relations [1][2] - J. Allen Gray has been with Silvercrest since 2008 and has significantly contributed to the firm's institutional equity business [1][2] - As of September 30, 2024, Silvercrest reported assets under management of $35.1 billion [3] Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser [3] - The firm operates offices in New York, Boston, Virginia, Atlanta, New Jersey, California, and Wisconsin [3] - Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors [3]

Core Viewpoint - Silvercrest Asset Management Group Inc. has declared a quarterly dividend of $0.20 per share of Class A common stock, reflecting the company's commitment to returning value to its shareholders [1]. Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser [2]. - The company operates offices in New York, Boston, Virginia, New Jersey, California, and Wisconsin [2]. - As of September 30, 2024, Silvercrest reported assets under management totaling $35.1 billion [2].

Key Promotions at Silvercrest Asset Management - Silvercrest Asset Management Group Inc announced the promotion of Kate Burns, Lorena Cardenas, Ted Moore, Judy Morrill, and Carolin Newland to Partner [1] - Each new partner has demonstrated exceptional work and dedication to the firm and its clients [2] Profiles of New Partners Kate Burns - Director and Portfolio Manager for families and individuals [2] - Joined Silvercrest in 2015 following the acquisition of Jamison, Eaton and Wood [2] - Over 25 years of investment experience, including portfolio management for institutional and individual investors, and securities analysis across asset classes [2] - Holds a BA from the University of Pennsylvania and an MBA from Drexel University [2] - Member of the CFA Institute and the New York Society of Security Analysts [2] Lorena Cardenas - Director and Compliance Officer [3] - Joined Silvercrest in 2018 from Anchorage Capital Group, L L C [3] - Over 14 years of investment advisory compliance experience [3] - Holds a BA in Political Science and Spanish American Literature from New York University [3] Ted Moore - Director and Portfolio Manager for families, individuals, and institutions [4] - Works closely with clients and assists with research coverage responsibilities for Silvercrest's external investments [4] - Previously an Associate Portfolio Manager at AllianceBernstein LP [4] - Holds a BS in Business Administration from Washington & Lee University [4] - Member of the Board of Trustees and the Finance Committee for the Children's Museum of Richmond [4] Judy Morrill - Managing Director and Portfolio Manager for families and individuals [5] - Over 35 years of investment experience [5] - Previously a Managing Director and Senior Portfolio Manager at Highmount Capital [5] - Holds an MBA in Finance from New York University Stern School of Business and a BA in Political Science and French from Hollins University [5] - Former member of the Board of Trustees and President of the Hollins University Alumnae Association [5] Carolin Newland - Director and Portfolio Manager for families and individuals [6] - Previously worked with ultra-high-net-worth individuals and families at Oppenheimer & Co Inc [6] - Holds a Bachelor of Business Administration in International Business and Finance from Berkeley College [6] - Earned a certification in International Finance from Lund University [6] - CFA charterholder and member of the CFA Institute [6] About Silvercrest Asset Management - Founded in April 2002 as an independent, employee-owned registered investment adviser [8] - Provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors [8] - Offices located in New York, Boston, Virginia, Atlanta, New Jersey, California, and Wisconsin [8] - Reported assets under management of $35 1 billion as of September 30, 2024 [8]

Core Insights - Silvercrest Asset Management Group Inc. has secured an initial seed investment of $1.3 billion USD ($2.0 billion AUD) from Australia's Construction and Building Unions Superannuation Fund (CBUS) to launch its Global Value Opportunity Equity Strategy [1][2] - The investment highlights Silvercrest's international reputation and robust infrastructure, with expectations of attracting further investments to support growth [2] - CBUS is one of Australia's largest super funds, managing over $94 billion for more than 920,000 members [3] Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser, with multiple offices across the United States [4] - As of September 30, 2024, Silvercrest reported assets under management totaling $35.1 billion [4] - The firm provides traditional and alternative investment advisory services, focusing on wealthy families and select institutional investors [4]

Core Points - Silvercrest Asset Management Group Inc. will host a teleconference on November 1, 2024, to discuss its financial results for Q3 2024 [1] - The teleconference will feature Chairman and CEO Richard R. Hough III and CFO Scott A. Gerard reviewing the quarterly results, followed by a Q&A session [1] - As of June 30, 2024, Silvercrest reported assets under management of $33.4 billion [3] Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser [3] - The company provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors [3] - Silvercrest has offices in New York, Boston, Virginia, New Jersey, California, and Wisconsin [3]

ATLANTA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) is pleased to announce that Chip Kelleher has joined the firm as a Managing Director. Kelleher will spearhead the further expansion of Silvercrest's presence in the southern market by opening a new Atlanta, Georgia, office. Kelleher brings with him a distinguished career in asset management and a robust network of relationships in the financial industry. He has a proven track record of delivering strategic inve ...

Group 1 - Silvercrest Asset Management Group Inc. (SAMG) has approved a share repurchase program allowing for the repurchase of up to $12 million of its Class A common stock over the next 12 months [1] - Previously, SAMG's board approved a $15 million share repurchase program, under which it purchased 808,455 shares for $15.06 million as of June 30, 2024 [2] - SAMG has a history of paying regular quarterly dividends, enhancing shareholder value through capital distributions [2] Group 2 - On July 30, 2024, SAMG's board approved a 5.3% dividend increase from 19 cents to 20 cents per share, with the dividend to be paid on September 20, 2024 [3] - Over the last five years, SAMG has increased its dividend five times, maintaining a payout ratio of 72% of earnings [3] - The company has a five-year annualized dividend growth rate of 5.27%, and with a closing price of $15.55 per share, its forward annualized dividend yield is 5.1% [4] Group 3 - In the past six months, SAMG shares have decreased by 5.2%, contrasting with the industry's growth of 7.4% [4] - Currently, Silvercrest holds a Zacks Rank 3 (Hold) [5]