Silvercrest Asset Management Group reported a strong Q4 2020, with revenue increasing to $28.4 million and total AUM reaching $27.8 billion. Discretionary AUM also saw a significant increase, driven by both organic and market growth. Adjusted EBITDA was $7.3 million, and adjusted diluted earnings per share were $0.31.
Total AUM reached $27.8 billion, including $20.6 billion in discretionary AUM and $7.2 billion in non-discretionary AUM.
Revenue increased to $28.4 million.
GAAP consolidated net income was $3.5 million, with net income attributable to Silvercrest at $1.9 million.
Adjusted EBITDA was $7.3 million, and adjusted net income was $4.4 million.
Silvercrest anticipates a strong start to 2021 with potential for new high revenue run rate, driven by growth in OCIO business and rebuilding institutional equity new business opportunities.
Analyze how earnings announcements historically affect stock price performance