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Dec 31, 2019
Silvercrest Q4 2019 Earnings Report
Silvercrest reported Q4 2019 results, marked by AUM growth and strategic business development.
Key Takeaways
Silvercrest Asset Management Group Inc. reported a revenue increase of 12.1% to $27.8 million for Q4 2019. AUM reached $25.1 billion, driven by acquisitions, strong equity markets, and new client accounts. Net income attributable to Silvercrest was $2.4 million, or $0.26 per basic and diluted share. Adjusted EBITDA was $7.3 million, or 26.3% of revenue.
Total AUM reached $25.1 billion, including $18.8 billion in discretionary AUM.
Revenue increased to $27.8 million, up 12.1% from Q4 2018.
Net income attributable to Silvercrest was $2.4 million, with EPS of $0.26.
Adjusted EBITDA was $7.3 million, representing 26.3% of revenue.