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Dec 31, 2022
Silvercrest Q4 2022 Earnings Report
Silvercrest reported a decrease in revenue and adjusted EBITDA for Q4 2022, impacted by volatile market conditions.
Key Takeaways
Silvercrest's Q4 2022 results reflect a decrease in revenue and profitability compared to the previous year, primarily due to market depreciation and client outflows. Despite these challenges, the company experienced an increase in discretionary AUM and new relationships during the quarter.
Total AUM reached $28.9 billion, including $20.9 billion in discretionary AUM.
Revenue decreased by 15.7% to $28.5 million compared to Q4 2021.
Adjusted EBITDA declined to $4.4 million, with an Adjusted EBITDA Margin of 15.6%.
The firm gained $220.0 million in new relationships during the fourth quarter.
Forward Guidance
The company did not provide specific forward guidance in this earnings report. The report highlights the volatile market conditions and uncertainty could create long-term opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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