Highlights

  • Discretionary AUM rose 3% sequentially to USD 24.3 billion in Q3 2025.
  • Quarterly revenue reached USD 31.3 million, up 2.9% year-on-year.
  • Board declared a quarterly dividend of USD 0.21 per share.

Silvercrest Asset Management Group Inc.(NASDAQ:SAMG) announced its financial results for the quarter ended September 30, 2025, reporting total assets under management (AUM) of USD 37.6 billion.

AUM Growth Supported by Market Gains

 Discretionary AUM stood at USD 24.3 billion, marking a 3% increase from the previous quarter and 8% higher year-on-year. The growth was attributed mainly to favorable equity markets, with total AUM reaching a record level for the firm.

Non-discretionary AUM totaled USD 13.3 billion, representing 4% of total revenue and primarily linked to fixed-fee reporting and family-office services. The company plans to revise its reporting method for non-discretionary AUM in 2026 to better reflect advisory business margins.

Financial Performance Overview

Revenue for Q3 2025 increased 2.9% year-on-year to USD 31.3 million, driven by market appreciation despite modest net client outflows. However, total expenses rose 15.4% to USD 30 million, mainly due to higher compensation and benefits expenses, including salary adjustments, new hires, and increased bonus accruals.

Net income stood at USD 1.1 million, compared to USD 3.7 million in Q3 2024, reflecting the impact of ongoing strategic investments. Net income attributable to Silvercrest was USD 0.6 million, or USD 0.07 per share. Adjusted EBITDA was USD 4.5 million, representing 14.5% of revenue, while adjusted net income reached USD 2.4 million, or USD 0.19 per share.

For the nine months ended September 30, 2025, revenue totaled USD 93.4 million, up 1.8% from the prior year. Consolidated net income for the period was USD 8.2 million, while adjusted EBITDA stood at USD 16.8 million.

Strategic Investments and Initiatives

Silvercrest stated that it continues to prioritize organic client acquisition and discretionary AUM growth through substantial investment in personnel and intellectual capital. The company’s new Global Value Equity strategy and marketing efforts across Europe, Oceania, and Asia form part of its broader expansion initiatives.

As part of its capital management program, Silvercrest repurchased approximately USD 16 million of shares under its USD 25 million buyback program as of the end of Q3 2025. The company also received shareholder approval to increase shares issuable under its equity incentive plan.

Liquidity Position and Dividend Declaration

On October 29, 2025, Silvercrest’s Board of Directors declared a quarterly dividend of USD 0.21 per share of Class A common stock, payable on or about December 19, 2025, to shareholders of record as of December 12, 2025. cash and cash equivalents of USD 36.1 million, with no outstanding borrowings under its term loan or revolving credit facility. The company’s total equity stood at USD 58.9 million, with 8.24 million Class A and 4.12 million Class B shares outstanding.