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Sep 30, 2022
Silvercrest Q3 2022 Earnings Report
Silvercrest's AUM and revenue decreased due to volatile market conditions and net client outflows, while maintaining a healthy Adjusted EBITDA margin.
Key Takeaways
Silvercrest Asset Management Group reported a decrease in revenue and AUM for Q3 2022 due to volatile market conditions and net client outflows. Despite these challenges, the company maintained a healthy Adjusted EBITDA margin and continued to add relationships and new accounts.
Total AUM was $27.4 billion, including $19.4 billion in discretionary AUM and $8.0 billion in non-discretionary AUM.
Revenue decreased to $29.0 million.
GAAP net income was $5.6 million, with net income attributable to Silvercrest at $3.4 million, or $0.35 per basic and diluted share.
Adjusted EBITDA was $8.2 million, representing 28.1% of revenue.
Forward Guidance
Market volatility and uncertainty create long-term opportunities that typically benefit the high-quality of Silvercrest’s capabilities, and we look forward to more stable markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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