Silvercrest Asset Management (SAMG) Tops Q3 EPS by 1c
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Silvercrest Asset Management Group Inc. Reports Q3 2015 Results
November 5, 2015 4:01 PM ESTNEW YORK, Nov. 5, 2015 /PRNewswire/ -- Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the "Company" or "Silvercrest") today reported the results of its operations for the quarter ended September 30, 2015.
Business Update
The third quarter of 2015 was a volatile period for the stock market, resulting in a decrease of discretionary assets under management for the quarter ended September 30, 2015 to $11.8 billion from $12.6 billion as of June 30, 2015. Year over year, discretionary assets increased by $0.7 billion, up from $11.1 billion as of September 30, 2014. After eight quarters of positive organic growth, net client asset... More
