Silvercrest Q2 2022 Earnings Report
Key Takeaways
Silvercrest Asset Management Group reported a decrease in revenue and discretionary AUM for Q2 2022 due to volatile market conditions and client tax payments. However, the company increased relationships and new accounts, and its Adjusted EBITDA margin remained healthy.
Total assets under management reached $28.7 billion, including $20.4 billion in discretionary AUM and $8.3 billion in non-discretionary AUM.
Revenue was reported at $32.2 million.
GAAP consolidated net income and net income attributable to Silvercrest were $9.5 million and $5.8 million, respectively.
Adjusted EBITDA was $9.2 million.
Silvercrest
Silvercrest
Forward Guidance
Market volatility and uncertainty create long-term opportunities that typically benefit the high-quality of Silvercrest’s capabilities, and the company look forward to more stable markets.