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Silvercrest Asset Management Group (SAMG) investor relations material

Silvercrest Asset Management Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary31 Oct, 2025

Executive summary

  • Total AUM reached a record $37.6 billion at quarter-end, up 7.1% year-over-year, driven by $2.3 billion in market appreciation and $2 billion in organic new client accounts, despite net client outflows.

  • Discretionary AUM was $24.3 billion, up 3% sequentially and 8% year-over-year, with non-discretionary AUM at $13.3 billion.

  • The firm is focused on organic growth, investing in talent, business development, and new strategies, with a robust pipeline for global and institutional markets.

  • A $25 million share buyback program was announced, with $16 million repurchased by Q3 end; a quarterly dividend of $0.21 per share was declared.

  • Net income declined to $1.1 million for the quarter, reflecting higher expenses from ongoing investments.

Financial highlights

  • Q3 revenue was $31.3 million, up 2.9% year-over-year; nine-month revenue was $93.4 million, up 1.8%.

  • Q3 net income was $1.1 million (3.5% margin), down from $3.7 million (12.3% margin) in Q3 2024; nine-month net income was $8.2 million (8.7% margin).

  • Adjusted EBITDA for Q3 was $4.5 million (14.5% margin), and $16.8 million (18.0% margin) for the nine months, both down from prior year periods.

  • Management and advisory fees were $30.1 million for the quarter and $89.9 million for the nine months.

  • Family office services revenue grew 17.6% for the quarter and 8.2% for the nine months.

Outlook and guidance

  • Management expects discretionary AUM to potentially exceed all-time highs in coming quarters, assuming supportive markets and continued business development.

  • Strategic investments are expected to impact earnings and EBITDA in the short term, with a return to higher profitability anticipated over an 18–24 month horizon.

  • Distributions to limited partners and quarterly dividends to Class A shareholders are expected to continue, subject to operating results and liquidity.

  • Ongoing investments in intellectual capital and headcount are expected to keep the compensation ratio elevated in the near term.

  • The new business pipeline is robust, especially for the global value equity strategy, with potential for significant flows in the next 6–12 months.

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Frequently asked questions

Silvercrest Asset Management Group Inc provides investment management and family office services to high-net-worth individuals, families, and select institutional investors. The company offers customized portfolio management, financial planning, estate planning, and fiduciary services. Silvercrest operates through a team-based advisory model to deliver personalized wealth solutions. The company is headquartered in New York, New York, and its shares are listed on the NASDAQ.

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