Silvercrest Q1 2023 Earnings Report
Key Takeaways
Silvercrest Asset Management Group reported a decrease in revenue by 12.2% compared to Q1 2022, which affected Adjusted EBITDA and Adjusted Diluted Earnings per Share. Total AUM concluded the quarter at $29.9 billion, with Discretionary AUM at $21.3 billion, representing a 1.9% increase over Q4 2022.
Total AUM reached $29.9 billion, including $21.3 billion in discretionary AUM and $8.6 billion in non-discretionary AUM.
Revenue amounted to $29.4 million, a 12.2% decrease compared to the same quarter last year.
GAAP net income was reported at $5.3 million, with net income attributable to Silvercrest at $3.2 million.
Adjusted EBITDA stood at $8.2 million, with an Adjusted EBITDA Margin of 27.8%.
Silvercrest
Silvercrest
Forward Guidance
The company did not provide specific financial forward guidance in this earnings report.