Loading...
•
Jun 30, 2021
Silvercrest Q2 2021 Earnings Report
Silvercrest reported strong results driven by AUM growth and effective cost management.
Key Takeaways
Silvercrest Asset Management Group Inc. reported a strong second quarter in 2021, with revenue reaching $33.1 million and Adjusted EBITDA increasing by 56.7% year-over-year to $10.4 million. Discretionary AUM grew by 4.6% during the quarter to $22.9 billion, and total AUM reached $31.0 billion. The company's Adjusted Diluted Earnings Per Share increased by 66.7% year-over-year to $0.45.
Total AUM reached $31.0 billion, including $22.9 billion in discretionary AUM and $8.1 billion in non-discretionary AUM.
Revenue increased to $33.1 million.
GAAP consolidated net income was $5.7 million, with net income attributable to Silvercrest at $3.3 million.
Adjusted EBITDA was $10.4 million.
Silvercrest
Silvercrest
Forward Guidance
No specific forward guidance was provided in the release.