Silvercrest (SAMG) Balances Record Asset Growth with Ongoing Investment Spending

Core Insights - Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) reported a significant increase in discretionary assets under management (AUM), rising by $687 million in Q3, primarily due to favorable equity market conditions [1] - The firm achieved a record total AUM of $37.6 billion, with discretionary AUM reaching $24.3 billion, reflecting a 3% increase from the previous quarter and an 8% increase year-over-year [1] - Strategic investments have been made to support long-term growth, focusing on expanding intellectual capital and headcount, which has impacted near-term earnings and adjusted EBITDA [2] - The company is actively executing a $25 million share repurchase program, having repurchased approximately $16 million worth of stock by the end of Q3 2025 [3] - Silvercrest plans to distribute a $0.21 per-share dividend in December and anticipates providing equity-based incentives to its professionals soon [3] - Silvercrest operates as a full-service wealth management firm, specializing in financial advisory and family office services for ultra-high-net-worth individuals and institutional clients [4]