Silvercrest Asset Management (SAMG) Misses Q4 EPS by 16c
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Silvercrest Asset Management Group Inc. Reports Q4 and Year-End 2022 Results
March 2, 2023 4:01 PM ESTNEW YORK, March 02, 2023 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the Company or Silvercrest) today reported the results of its operations for the quarter and year ended December 31, 2022.
Business Update
Silvercrest finished a volatile fourth quarter and calendar year 2022 with Total Assets under Management (AUM) of $28.9 billion and Discretionary AUM of $20.9 billion. Total AUM declined 10.5% during the calendar year 2022. Discretionary AUM, which primarily drives revenue, declined 16.7% during the year 2022. Revenue consequently fell 15.7% and 6.4% for the fourth quarter and full year 2022, respectively, compared with 2021. This decline in revenue significantly... More
