Silvercrest Asset Management (SAMG) Misses Q3 EPS by 2c

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Go back to Silvercrest Asset Management (SAMG) Misses Q3 EPS by 2c

Silvercrest Asset Management Group Inc. Reports Q3 2022 Results

November 3, 2022 4:01 PM EDT

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the Company or Silvercrest) today reported the results of its operations for the quarter ended September 30, 2022.

Business Update

Volatile market conditions continued to affect Silvercrests assets under management (AUM) in the third quarter of 2022. The firms discretionary AUM, which drives revenue, decreased to $19.4 billion as of the end of the third quarter of 2022 from $22.5 billion as of the end of the same period in 2021. The firms third quarter 2022 revenue decreased year-over-year to... More