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Mar 31, 2020
Silvercrest Q1 2020 Earnings Report
Reported increase in revenue, net income, and adjusted EBITDA margins year over year, while AUM decreased slightly due to market depreciation offset by client inflows.
Key Takeaways
Silvercrest Asset Management Group Inc. reported Q1 2020 results, highlighting increased revenue, net income, and adjusted EBITDA margins compared to the same period last year. The firm's AUM stood at $20.6 billion, a slight decrease from Q1 2019, with market depreciation largely offset by client inflows. The company transitioned its entire business to operate remotely and maintained a strong balance sheet with substantial cash reserves.
Total Assets Under Management (AUM) reached $20.6 billion, including $14.9 billion in discretionary AUM and $5.7 billion in non-discretionary AUM.
Revenue increased to $28.4 million.
GAAP consolidated net income was $9.7 million, with net income attributable to Silvercrest at $5.5 million.
Adjusted EBITDA totaled $8.2 million.
Revenue by Segment
Forward Guidance
Silvercrest will continue to make investments in new high net worth portfolio management professionals, marketing its institutional-quality equity strategies, and pursuing its OCIO initiative. Regardless of the environment, Silvercrest will continue to opportunistically seek to effectively deploy capital to enhance and complement its organic growth.
Positive Outlook
- Investments in new high net worth portfolio management professionals
- Marketing its institutional-quality equity strategies
- Pursuing its OCIO initiative
- Continue to opportunistically seek to effectively deploy capital
- Enhance and complement its organic growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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