Silvercrest Asset Management Group Inc
NASDAQ:SAMG
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
13.29
19.02
|
| Price Target |
|
We'll email you a reminder when the closing price reaches USD.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Silvercrest Asset Management Group Inc
Silvercrest Asset Management Group, Inc. operates as a wealth management firm. The company is headquartered in New York City, New York and currently employs 146 full-time employees. The company went IPO on 2013-06-27. The firm offers a suite of complementary and customized family office services for families seeking oversight of their financial affairs. The firm views its operations as comprising one operating segment, the investment management industry. The firm provides a range of administrative services to the management of certain of its company’s funds of funds and other investment funds collectively, the Silvercrest Funds. The company also provides a range of family office services to some of its clients, including philanthropic, estate and wealth planning services, tax planning and preparation, financial statement, bill paying and record keeping services, bank loan arrangement and payment services and property and casualty insurance review.
Silvercrest Asset Management Group, Inc. operates as a wealth management firm. The company is headquartered in New York City, New York and currently employs 146 full-time employees. The company went IPO on 2013-06-27. The firm offers a suite of complementary and customized family office services for families seeking oversight of their financial affairs. The firm views its operations as comprising one operating segment, the investment management industry. The firm provides a range of administrative services to the management of certain of its company’s funds of funds and other investment funds collectively, the Silvercrest Funds. The company also provides a range of family office services to some of its clients, including philanthropic, estate and wealth planning services, tax planning and preparation, financial statement, bill paying and record keeping services, bank loan arrangement and payment services and property and casualty insurance review.
AUM Growth: Discretionary assets under management rose 3% sequentially and 8% year-over-year to $24.3 billion, with total AUM reaching a record $37.6 billion.
Revenue & Earnings: Quarterly revenue was $31.3 million, up 2.9% year-over-year, while net income declined to $1.1 million due to higher expenses.
Expense Increase: Total expenses rose 15.4% year-over-year, mainly from compensation and hiring as part of strategic growth investments.
Strategic Investments: Management emphasized ongoing investments in talent and global expansion, with most hiring completed but some initiatives still in progress.
Buyback & Dividend: $16 million of a $25 million buyback program completed by quarter end; declared dividend of $0.21 per share.
Margin Outlook: EBITDA and earnings currently pressured by investments, but management expects margins to recover as new revenue flows in over an 18–24 month horizon.
