Silvercrest Asset Management Group Reports Q2 Earnings and AUM Growth
Silvercrest Asset Management Group (NASDAQ:SAMG) reported second-quarter revenue of $30.8 million, with consolidated net income at $0.5 million and adjusted EBITDA reaching $3.4 million in the quarter ending June 30, 2026. The company's discretionary assets under management rose to a record $24.7 billion, up from $23.1 billion in March, driven by market appreciation despite seasonal client outflows for tax purposes and institutional withdrawals. Expenses increased year-over-year by 12% to $29.8 million due to higher compensation costs and investments in international expansion efforts across Europe and Australia. The firm is nearing completion of its European MiFID licensing, a UCITS vehicle, and an Australian unit trust structure. Management highlighted strong organic client flows at $111 million for the quarter and noted that institutional opportunities are "well into the billions" as performance improves. Chairman Rick Hough emphasized long-term relationships with high-net-worth clients and confidence in future growth from international expansion initiatives, despite short-term challenges related to value strategies. Silvercrest also received a $350 million contribution for its Global Value strategy during the quarter.
Tickers: $SAMG
Topics: assets under management (AUM) financial performance international expansion