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, 2021 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 Silvercrest Asset Management Group Inc. (Exact name of registrant as specified in its charter) Delaware 45-5146560 (State ...

Silvercrest Asset Management Group, Inc. (NASDAQ:SAMG) Q1 2021 Earnings Conference Call May 7, 2021 8:30 AM ET Company Participants Rick Hough - Chairman and CEO Scott Gerard - CFO Conference Call Participants Sumeet Mody - Piper Sandler Sandy Mehta - Evaluate Research Christopher Marinac - Janney Montgomery Scott Operator Good morning, and welcome to the Silvercrest Asset Management Group Inc. Quarter 1 2021 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. Before ...

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 March 31, 2021 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 Silvercrest Asset Management Group Inc. (Exact name of registrant as specified in its charter) Delaware 45-5146560 (State ...

Financial Data and Key Metrics Changes - Discretionary assets under management (AUM) increased by 15% in Q4 2020 to $20.6 billion, with total AUM growing to $27.8 billion, representing increases of 10.8% and 9.6% year-over-year respectively [4][10] - Revenue for 2020 was approximately $108 million, a 5.7% increase from $102 million in 2019, while adjusted EBITDA rose by 6% to $30 million [5][17] - Adjusted diluted earnings per share increased by 9.4% to $1.28 from $1.17 per share [5] Business Line Data and Key Metrics Changes - The Outsourced Chief Investment Officer (OCIO) initiative's AUM more than doubled to over $700 million in 2020, with expectations to cross the $1 billion threshold in 2021 [6] - Revenue for Q4 2020 was $28.4 million, a 2% increase from $27.8 million in the same period last year, driven by net client inflows and market appreciation [11] Market Data and Key Metrics Changes - The institutional pipeline is currently at approximately $1.34 billion, with the OCIO pipeline nearing $340 million [32] - New accounts opened in 2020 totaled $614 million, marking a significant increase compared to previous years [62] Company Strategy and Development Direction - The company is focusing on organic growth through talent acquisition rather than pursuing acquisitions to expand its product suite [38][39] - The firm aims to maintain a disciplined approach to growth, avoiding over-diversification and emphasizing the importance of its culture [54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in the institutional business, anticipating that institutional growth will outpace high net worth growth in the coming year [91] - The company is prepared to invest in talent to drive future growth, even if it temporarily affects margins [44] Other Important Information - Total assets as of the end of 2020 were approximately $213.8 million, with cash and cash equivalents at $62.5 million [23] - The company has a policy of supporting dividends and periodically raising them, although it chose not to raise the dividend recently due to a focus on other capital uses [78] Q&A Session Summary Question: Update on the institutional business and current pipeline - The institutional pipeline is currently at about $1.34 billion, with a growing OCIO pipeline close to $340 million [31][32] Question: Inorganic growth focus and asset management strategy - The company is pivoting towards hiring talent for organic growth rather than acquisitions, emphasizing the importance of cultural fit [38][39] Question: Recurring cash compensation ratio and EBITDA margin - The compensation ratio ended the year at 56.7%, with management indicating that EBITDA margins may fluctuate based on hiring and investment in growth [41][44] Question: G&A expenses and future expectations - G&A expenses are expected to normalize post-pandemic, but fixed costs may limit variability [66][87] Question: Dividend policy and M&A landscape - The market is viewed as expensive for acquisitions, and the company is focusing on organic growth while maintaining a strong dividend policy [76][78]

Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FOR THE FISCAL YEAR ENDED December 31, 2020 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 Silvercrest Asset Management Group Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Q2 2020 Earnings Conference Call August 4, 2020 8:30 AM ET Company Participants Rick Hough - Chairman & Chief Executive Officer Scott Gerard - Chief Financial Officer Conference Call Participants Sumeet Mody - Piper Sandler Sandy Mehta - Evaluate Research Chris Sakai - Singular Research Operator Good morning, and welcome to the Silvercrest Asset Management Group Inc. Q2 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operato ...

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Q1 2020 Earnings Conference Call May 1, 2020 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 Operator Good morning and welcome to the Silvercrest Asset Management Group Inc. First Quarter 2020 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. Before we b ...

Financial Data and Key Metrics Changes - Total assets under management (AUM) grew to $25.1 billion as of December 31, 2019, with discretionary AUM at $18.8 billion, marking new highs for the firm [8] - Revenue for Q4 2019 was $27.8 million, a 12% increase from $24.8 million in Q4 2018, primarily driven by the acquisition of Cortina [16][17] - Reported consolidated net income for Q4 2019 was $4.2 million, down from $5.2 million in the same period last year [21] - Full-year revenue for 2019 was approximately $102.2 million, a 4% increase from $98.7 million in 2018 [25] - Adjusted EBITDA for 2019 was approximately $28.6 million, or 28% of revenue, compared to $29.6 million, or 30% of revenue in 2018 [30] Business Line Data and Key Metrics Changes - The OCIO business doubled to $300 million in AUM during Q4 2019, contributing significantly to new client account growth [10] - Silvercrest's institutional asset management AUM reached $6 billion, with strong three and five-year track records across equity strategies [12] - Revenue related to the Cortina acquisition for the full year was approximately $6.2 million, starting from July 1, 2019 [26] Market Data and Key Metrics Changes - The current M&A environment for wealth management firms remains active and expensive, with Silvercrest being selective in its approach [14] - The institutional pipeline stands at approximately $3.6 billion, indicating strong potential for future growth [49] Company Strategy and Development Direction - Silvercrest aims to continue attracting net positive asset flows into its high-quality equity capabilities despite industry trends toward passive investment vehicles [11] - The company is focused on organic growth and diversifying talent, having invested in new high net worth portfolio management professionals [13] - Silvercrest plans to opportunistically deploy capital to complement organic growth, particularly in the current M&A environment [14] Management's Comments on Operating Environment and Future Outlook - Management expressed a long-term constructive outlook despite short-term economic disruptions, emphasizing the importance of maintaining client relationships during market volatility [54][56] - The company sees potential for active management to outperform passive strategies, particularly in times of market volatility [55] - Management highlighted the importance of disaster recovery and business continuity plans in light of recent global events [56][90] Other Important Information - Total borrowings as of December 31, 2019, were $16.2 million, with total Class A stockholders' equity at approximately $65 million [34] - The company has a conservative approach to leveraging its capital, indicating room for future M&A opportunities [71] Q&A Session Summary Question: Update on the M&A environment and 2020 activity levels - Management indicated that they are actively engaged in conversations with potential targets and are selective about acquisitions, focusing on cultural fit and organic growth potential [40][45] Question: Institutional channel flows and pipeline update - The institutional pipeline is strong at approximately $3.6 billion, with good performance in large cap strategies helping to offset volatility [49][50] Question: Correlation between market state and unit revenue - Management noted that revenue is significantly influenced by the last day of each quarter, and while market declines can impact revenue, the effect is not one-to-one [85][88] Question: Response to coronavirus and employee safety measures - The company has implemented protocols for employee safety, including remote work capabilities and limited travel [90][91]

Silvercrest Asset Management Group, Inc. (NASDAQ:SAMG) Q2 2019 Earnings Conference Call August 2, 2019 8:30 AM ET Company Participants Rick Hough - Chairman, President & CEO Scott Gerard - CFO Conference Call Participants Sumeet Mody - Sandler O'Neill + Partners Operator Good day, ladies and gentlemen, and welcome to Silvercrest Asset Management Group Inc. Second Quarter 2019 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference is being recorded. Before we begin, let me remind ...

Silvercrest Asset Management Group, Inc. (NASDAQ:SAMG) Q1 2019 Earnings Conference Call May 3, 2019 8:30 AM ET Company Participants Richard Hough - Chairman, President & CEO Scott Gerard - CFO Conference Call Participants Sumeet Mody - Sandler O'Neill + Partners Brian Rohman - Boston Partners Global Investors Operator Good day, ladies and gentlemen, and welcome to Silvercrest Asset Management Group's First Quarter 2019 Earnings Call. [Operator Instructions]. As a reminder, today's conference is being record ...