Exhibit 99.1 Silvercrest Asset Management Group Inc. Reports Q4 and Year-End 2023 Results New York, NY – March 7, 2024 - Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the "Company" or "Silvercrest") today reported the results of its operations for the quarter and year ended December 31, 2023. Business Update After the volatile and difficult market environment of 2022, we hoped had 2023 would lead to improved markets, helping to recover both Silvercrest's discretionary assets under management ("AUM ...

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Richard Hough - Chairman and Chief Executive Officer Scott Gerard - Chief Financial Officer Conference Call Participants Sandy Mehta - Evaluate Research Christopher Marinac - Janney Montgomery Scott Christopher Sakai - Singular Research Operator Good morning and welcome to the Silvercrest Asset Management Group Inc. Q3 2023 Earnings Conference Call. All participants will be ...

Part I Financial Information [Condensed Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for Silvercrest Asset Management Group Inc. as of September **30**, **2023**, and for the three and nine-month periods then ended. It includes the statements of financial condition, operations, changes in equity, and cash flows, accompanied by detailed notes explaining the basis of presentation and significant accounting policies [Condensed Consolidated Statements of Financial Condition](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Condition) The company's total assets decreased to **$191.3 million** as of September **30**, **2023**, from **$212.7 million** at December **31**, **2022**, primarily due to a reduction in cash and cash equivalents. Total liabilities also decreased from **$86.8 million** to **$67.4 million**, largely driven by a significant drop in accrued compensation. Total equity saw a slight decrease over the same period Condensed Consolidated Statements of Financial Condition (in thousands) | Account | September 30, 2023 (in thousands) | December 31, 2022 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | **$191,291** | **$212,675** | | Cash and cash equivalents | $58,867 | $77,432 | | Goodwill | $63,675 | $63,675 | | **Total Liabilities** | **$67,400** | **$86,843** | | Accrued compensation | $24,819 | $39,734 | | Borrowings under credit facility | $3,624 | $6,337 | | **Total Equity** | **$123,891** | **$125,832** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the third quarter of **2023**, total revenue increased slightly to **$29.7 million** compared to **$29.0 million** in Q**3** **2022**, while net income decreased to **$5.4 million** from **$5.6 million**. For the nine-month period, revenue fell to **$88.9 million** from **$94.7 million** year-over-year, and net income dropped significantly to **$15.8 million** from **$27.5 million** Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Q3 2023 (in thousands) | Q3 2022 (in thousands) | Nine Months 2023 (in thousands) | Nine Months 2022 (in thousands) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$29,704** | **$29,042** | **$88,868** | **$94,725** | | Management and advisory fees | $28,425 | $27,949 | $85,445 | $91,500 | | **Total Expenses** | **$23,185** | **$21,940** | **$69,080** | **$60,284** | | Compensation and benefits | $16,691 | $16,271 | $49,945 | $52,901 | | **Net Income** | **$5,380** | **$5,643** | **$15,825** | **$27,512** | | Net Income Attributable to Silvercrest | $3,216 | $3,433 | $9,505 | $16,771 | | **Diluted EPS** | **$0.34** | **$0.35** | **$1.00** | **$1.70** | [Condensed Consolidated Statements of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity) This statement details the changes in equity accounts for the nine months ended September **30**, **2023**. Key activities impacting equity include net income of **$15.8 million**, distributions to partners of **$7.8 million**, dividends paid on Class A common stock totaling **$5.2 million**, and the repurchase of Class A common stock for **$5.7 million** - During the first nine months of **2023**, the company paid **$5.2 million** in dividends on Class A common stock and repurchased shares for **$5.7 million**[17](index=17&type=chunk) - Total equity decreased from **$125.8 million** at the start of **2023** to **$123.9 million** at the end of Q**3** **2023**[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September **30**, **2023**, net cash provided by operating activities was **$6.2 million**, a decrease from **$7.7 million** in the prior-year period. Investing activities used **$3.4 million**, primarily for asset acquisitions. Financing activities used **$21.4 million**, driven by distributions to partners, dividends, and share repurchases. This resulted in a net decrease in cash and cash equivalents of **$18.6 million** Cash Flow Summary (Nine Months Ended Sept 30, in thousands) | Cash Flow Activity | 2023 (in thousands) | 2022 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $6,248 | $7,694 | | Net cash used in investing activities | $(3,355) | $(669) | | Net cash used in financing activities | $(21,442) | $(25,417) | | **Net Decrease in Cash and Cash Equivalents** | **$(18,565)** | **$(18,392)** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed information on the company's organization, accounting policies, acquisitions, debt facilities, leases, and equity structure. Key disclosures include details on the Cortina and Neosho acquisitions, the terms of the credit facility with City National Bank, lease commitments, and the specifics of the equity-based compensation plan - The company has a credit facility with City National Bank, which includes a term loan and a revolving credit facility. As of September **30**, **2023**, **$3.6 million** was outstanding under the term loan, and there were no borrowings on the revolving facility[109](index=109&type=chunk)[110](index=110&type=chunk) - The company's **2012** Equity Incentive Plan was amended in June **2022** to increase the number of issuable shares to **2,737,500**. As of September **30**, **2023**, **1,122,400** shares are available for grant[161](index=161&type=chunk) - Contingent consideration liabilities related to the Cortina and Neosho acquisitions were **$0** and **$64 thousand**, respectively, as of September **30**, **2023**. The growth payment for the Cortina acquisition was not earned based on revenue through June **30**, **2023**[82](index=82&type=chunk)[83](index=83&type=chunk)[90](index=90&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's performance, highlighting a **13.9%** year-over-year increase in Assets Under Management (AUM) to **$31.2 billion**. Despite higher AUM, revenues for the nine-month period decreased **6.2%** due to a lower average management fee rate. Expenses rose significantly, primarily due to a non-recurring favorable adjustment in the prior year related to acquisition contingent consideration. The discussion also covers liquidity, capital resources, and non-GAAP financial measures [Key Performance Indicators](index=37&type=section&id=Key%20Performance%20Indicators) Assets Under Management (AUM) grew to **$31.2 billion** at the end of Q**3** **2023**, up from **$27.4 billion** a year prior. However, profitability metrics declined; for the nine months ended September **30**, **2023**, net income was **$15.8 million** and Adjusted EBITDA was **$24.3 million**, compared to **$27.5 million** and **$27.6 million**, respectively, in the same period of **2022** Key Performance Indicators (in thousands, except AUM) | Indicator | Nine Months 2023 (in thousands) | Nine Months 2022 (in thousands) | | :--- | :--- | :--- | | Revenue | $88,868 | $94,725 | | Net income | $15,825 | $27,512 | | Adjusted EBITDA | $24,297 | $27,585 | | AUM at period end (billions) | $31.2 | $27.4 | [Operating Results Analysis](index=41&type=section&id=Operating%20Results%20Analysis) For Q**3** **2023**, revenue increased **2.3%** YoY to **$29.7 million**, while total expenses rose **5.7%** to **$23.2 million**. For the nine-month period, revenue decreased **6.2%** to **$88.9 million**, and total expenses increased **14.6%** to **$69.1 million**. The nine-month expense increase was primarily due to a **$10.9 million** favorable adjustment to the fair value of contingent consideration related to the Cortina acquisition in **2022**, which did not recur in **2023** Revenue Comparison (in thousands) | Period | 2023 (in thousands) | 2022 (in thousands) | Change ($) (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Three Months Ended Sept 30** | $29,704 | $29,042 | $662 | 2.3% | | **Nine Months Ended Sept 30** | $88,868 | $94,725 | $(5,857) | (6.2)% | Expense Comparison (in thousands) | Period | 2023 (in thousands) | 2022 (in thousands) | Change ($) (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Three Months Ended Sept 30** | $23,185 | $21,940 | $1,245 | 5.7% | | **Nine Months Ended Sept 30** | $69,080 | $60,284 | $8,796 | 14.6% | - The significant increase in nine-month general and administrative expenses was primarily due to a (**$10.9 million**) favorable adjustment to the fair value of contingent consideration for the Cortina Acquisition recorded in **2022**, which was not repeated in **2023**[242](index=242&type=chunk) [Assets Under Management (AUM)](index=42&type=section&id=Assets%20Under%20Management%20(AUM)) Total AUM increased by **$2.3 billion**, from **$28.9 billion** at the start of **2023** to **$31.2 billion** at September **30**, **2023**. This growth was driven by market appreciation of **$1.3 billion** and net client inflows of **$1.0 billion**. Discretionary AUM saw net outflows of **$0.7 billion**, while non-discretionary AUM had net inflows of **$1.7 billion** AUM Change for Nine Months Ended September 30, 2023 (in billions) | AUM Component | Jan 1, 2023 (in billions) | Net Client Flows (in billions) | Market Appreciation (in billions) | Sept 30, 2023 (in billions) | | :--- | :--- | :--- | :--- | :--- | | Discretionary | $20.9 | $(0.7) | $0.3 | $20.5 | | Non-Discretionary | $8.0 | $1.7 | $1.0 | $10.7 | | **Total AUM** | **$28.9** | **$1.0** | **$1.3** | **$31.2** | [Liquidity and Capital Resources](index=50&type=section&id=Liquidity%20and%20Capital%20Resources) The company's primary source of liquidity is cash from operations. Cash and cash equivalents stood at **$58.9 million** as of September **30**, **2023**, down from **$77.4 million** at the end of **2022**. The decrease was mainly due to cash used in financing activities, including **$7.8 million** in partner distributions, **$5.2 million** in dividends, and **$5.8 million** in share repurchases. The company maintains a credit facility and was in compliance with all covenants Cash Flow Summary (Nine Months Ended Sept 30, in thousands) | Cash Flow Activity | 2023 (in thousands) | 2022 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $6,248 | $7,694 | | Net cash used in investing activities | $(3,355) | $(669) | | Net cash used in financing activities | $(21,442) | $(25,417) | | **Net change in cash** | **$(18,565)** | **$(18,392)** | - Major uses of cash in financing activities for the nine months ended September **30**, **2023** included distributions to partners (**$7.8M**), dividends to Class A shareholders (**$5.2M**), and share repurchases (**$5.8M**)[270](index=270&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=55&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, detailed disclosures are not required. The company identifies its primary market risk as the potential for declining securities prices, which would reduce assets under management and, consequently, advisory fee revenue. A **10%** change in average AUM for the first nine months of **2023** would have resulted in an approximate **$11.8 million** annualized change in revenue - The company's main market risk is that a decline in securities prices would lower AUM, directly reducing fee-based revenue and income[281](index=281&type=chunk) - A hypothetical **10%** change in average AUM for the nine months ended September **30**, **2023**, would cause an annualized revenue change of approximately **$11.8 million**[278](index=278&type=chunk) [Controls and Procedures](index=55&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures as of September **30**, **2023**, and concluded that they were **effective**. There were no **material changes** to the company's internal control over financial reporting during the quarter, and no **material impact** was noted from the remote work environment due to the COVID-**19** pandemic - Based on an evaluation as of September **30**, **2023**, the CEO and CFO concluded that the company's disclosure controls and procedures were **effective**[282](index=282&type=chunk)[284](index=284&type=chunk) - No changes occurred during the quarter that **materially affected**, or are reasonably likely to **materially affect**, the company's internal control over financial reporting[283](index=283&type=chunk) Part II Other Information [Exhibits](index=56&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the **10**-Q report, which include certifications by the CEO and CFO as required by the Sarbanes-Oxley Act of **2002**, and Inline XBRL documents. It also notes that no directors or executive officers adopted or terminated a **Rule 10b5-1 trading plan** during the quarter - During the third quarter of **2023**, none of the company's directors or executive officers adopted or terminated a **Rule 10b5-1 trading plan**[285](index=285&type=chunk)

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Q2 2023 Earnings Conference Call July 31, 2023 8:30 AM ET Company Participants Rick Hough - Chairman and Chief Executive Officer Scott Gerard - Chief Financial Officer Conference Call Participants Sumeet Mody - Piper Sandler Sandy Mehta - Evaluate Research Christopher Marinac - Janney Montgomery Scott Chris Sakai - Singular Research Operator Good morning, and welcome to the Silvercrest Asset Management Group Inc. Q2 2023 Earnings Conference Call. All par ...

OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2023 Delaware 45-5146560 (State or Other Jurisdiction of Incorporation or Organization) 1330 Avenue of the Americas, 38th Floor New York, New York 10019 (Address of Principal Executive Offices and Zip Code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET Company Participants Richard Hough - Chairman, Chief Executive Officer and President Scott Gerard - Chief Financial Officer Conference Call Participants Sumeet Mody - Piper Sandler Sandy Mehta - Evaluate Research Christopher Marinac - Janney Montgomery Scott Chris Sakai - Singular Research Operator Good morning, and welcome to the Silvercrest Asset Management Group Inc. First Quarter 2023 Earnings C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Silvercrest Asset Management Group Inc. (Exact name of registrant as specified in its charter) Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-35733 Indicate by check mark whe ...

Financial Data and Key Metrics Changes - Revenue for Q4 2022 was approximately $28.5 million, representing a 16% decrease from $33.8 million in Q4 2021. For the full year 2022, revenue was approximately $123.2 million, a 6% decrease from $131.6 million in 2021 [3][5][7] - Adjusted EBITDA for Q4 2022 declined to $4.4 million (15.6% margin) from $13 million (38.5% margin) in Q4 2021. For the full year 2022, adjusted EBITDA was approximately $32 million (26% margin), down from $43.4 million (33% margin) in 2021 [3][66][53] - Reported consolidated net income for Q4 2022 was $3.3 million, compared to $8.6 million in Q4 2021. For the full year, reported net income was $30.8 million, up from $24.9 million in 2021 [6][68] Business Line Data and Key Metrics Changes - Discretionary AUM as of December 31, 2022, was $20.9 billion, down 16.7% from the previous year. Total AUM declined by 10.5% during 2022 [47][49] - The firm's OCIO initiative managed AUM of $1.45 billion, with a significant increase in new relationships during Q4 2022, totaling $220 million [48][63] Market Data and Key Metrics Changes - The overall institutional strategy pipeline increased to $1.65 billion, up from $1.43 billion at the end of Q3 2022 [56] - The market environment in 2022 was characterized by volatility, which created long-term opportunities for the firm, particularly in high-quality asset management capabilities [63] Company Strategy and Development Direction - The company is focused on organic growth and enhancing its institutional business without seeking major acquisitions at this time. The emphasis is on building existing strategies and leveraging the performance of teams, particularly in Milwaukee [28][95] - The firm is observing a shift in client interest towards different credit strategies due to the changing interest rate environment, indicating potential growth areas [58] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the sustainability of current performance levels, noting that the adjusted EBITDA margins are in line with historical averages despite recent market challenges [31][76] - The management highlighted that the firm is well-positioned to capitalize on market recoveries and maintain strong performance relative to competitors [15][31] Other Important Information - General and administrative expenses decreased significantly by approximately 54% to $13 million for 2022, primarily due to a decrease in contingent consideration related to the Cortina acquisition [8] - The company repurchased approximately 190,000 shares of Class A common stock for about $3.5 million during Q4 2022 [48] Q&A Session Summary Question: What is the update on the OCIO pipeline? - The OCIO pipeline has increased to approximately $690 million, reflecting solid business opportunities [27] Question: Can you discuss the acquisition environment and valuations? - The management noted that valuations have come down due to higher interest rates, leading to more careful scrutiny of deals and a decrease in the number of transactions [19][37] Question: What were the main drivers for client outflows this quarter? - Client outflows were attributed to normal high-net-worth living expenses and tax-related outflows earlier in the year [20][82] Question: How does the company view its balance sheet and cash management? - The company maintains a clean balance sheet with cash and receivables nearly equal to total liabilities, and it strategically manages cash to balance between operational needs and potential acquisitions [85][86] Question: What factors influence the decision to buy back stock? - The decision to buy back stock is influenced by market conditions and the need to maintain cash for strategic initiatives, including potential acquisitions [89][90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2022 OR 1330 Avenue of the Americas, 38th Floor New York, New York 10019 (Address of principal executive offices and zip code) (212) 649-0600 (Registrant's telephone number, including area code) Not Applicable ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Financial Data and Key Metrics Changes - Discretionary assets under management (AUM) decreased to $19.4 billion from $22.5 billion year-over-year [4][11] - Third quarter 2022 revenue decreased to $29 million from $33.5 million, representing a 13% decline [4][12] - Total AUM now stands at $27.4 billion [4] - Adjusted EBITDA for the quarter was approximately $8.2 million, with an adjusted EBITDA margin of 28.1% [5][17] - Reported consolidated net income for the quarter was $5.6 million, down from $6.4 million in the same period last year [16] Business Line Data and Key Metrics Changes - The firm added new relationships and accounts during the third quarter, partially offsetting outflows [6] - Compensation and benefits expenses decreased by approximately 13% to $16.3 million [14] - General and administrative expenses decreased by approximately 66% to $5.7 million [15][23] Market Data and Key Metrics Changes - The actionable pipeline for new business is $1.43 billion, down from the previous quarter due to recent wins [37] - The OCIO business pipeline is approximately $670 million, a significant part of the total pipeline [48] Company Strategy and Development Direction - The company launched a Large Cap Value Unit Investment Trust to provide a better investment vehicle for clients [41] - The firm is committed to share repurchases, with approximately $5.2 million spent in the third quarter [7][33] - Management emphasized the importance of maintaining high-quality client relationships during volatile market conditions [66] Management's Comments on Operating Environment and Future Outlook - Management noted that market volatility creates long-term opportunities for the firm [7] - The firm is cautious about predicting future performance due to market influences on compensation and revenue [31] - Management expressed optimism about the potential for new client relationships arising from current market disruptions [68] Other Important Information - The Board of Directors declared a quarterly dividend of $0.18 per share, payable on December 16 [8] - Total assets as of September 30 were $205.1 million, down from $229.3 million at the end of the previous year [26] Q&A Session Summary Question: Outflows higher than expected - Management acknowledged that outflows were $507 million in the quarter, influenced by tax-related outflows and rebalancing [30] Question: Compensation expenses modeling - Management stated that compensation is accrued at 55%, but fourth-quarter results are unpredictable due to market conditions [31] Question: Future buyback strategy - Management indicated a commitment to continue buybacks, viewing current market conditions as an opportunity [33] Question: Actionable pipeline details - The actionable pipeline is $1.43 billion, down due to recent wins, but remains strong [37] Question: Launch of Large Cap Value Unit Investment Trust - Management explained that the new trust format provides a better investment vehicle and expects mandates to begin in the fourth quarter [41] Question: OCIO business specifics - The OCIO pipeline is approximately $670 million, with ongoing discussions with European families for wealth management [47] Question: Dividend policy and potential increases - Management emphasized the importance of a sustainable dividend and indicated that increases depend on revenue and cash flow [52] Question: Market volatility impact on investment firms - Management noted that scrutiny in the acquisition market is increasing, affecting potential deals in the wealth management space [56]