What is the market's earnings forecast for Silvercrest Asset next quarter?

What were the key takeaways from Silvercrest Asset’s earnings call?

What guidance did Silvercrest Asset's management provide for the next earnings period?

What is Silvercrest Asset's latest dividend and current dividend yield?

What factors drove the changes in Silvercrest Asset's revenue and profit?

What does Silvercrest Asset do and what are its main business segments?

What were the key takeaways from Silvercrest Asset's earnings call?

What is the revenue and EPS growth rate for Silvercrest Asset year over year?

- **AUM Growth Strong**: Discretionary AUM +8% Y/Y to $24.3B, total AUM hits $37.6B record. 
- **Investment Payoff Expected**: Global equity strategy pipeline poised for 6-12M allocations; full ROI on 18-24M investments. 
- **Margin Recovery Ahead**: Adjusted EBITDA at 14.5% of revenue, with historical margins achievable post-investment phase. 
- **Share Buyback Progress**: $16M executed vs. $25M target, with ~$9M remaining. 
- **OCIO Momentum**: $2.2B assets under management with strong performance.

**【CEO Summary Section】**
- Discretionary AUM reached $24.3 billion (3% Q/Q, 8% Y/Y), driven by market appreciation and organic new client additions of $46.4 million in Q3. Total AUM hit a record $37.6 billion, with nondiscretionary AUM at $13.3 billion (4% of revenue). 
- Organic new client inflows of $2 billion Y/Y, with closed accounts negligible. CEO expects AUM to exceed prior highs in coming quarters.
- Strategic investments in talent and global expansion (e.g., Australia, Europe) have increased headcount by 15+ over past year, with compensation ratio elevated for 18-24 months.
- Global value equity strategy pipeline is "very large," with potential allocations in next 6-12 months. OCIO assets at $2.2 billion with strong performance.
- $25M share buyback program: $16M executed YTD, with ~$9M remaining. Dividend of $0.21 declared.

**【CFO Financial Commentary】**
- Q3 revenue: $31.3M (2.9% Y/Y growth). Net income: $1.1M. Adjusted EBITDA: $4.5M (14.5% of revenue). 
- Expenses up 15.4% Y/Y: compensation +16.8% (salaries, bonuses), G&A +11.9% (fees, occupancy). 
- Year-to-date: revenue +1.8%, expenses +9.4%. Adjusted EBITDA: $16.8M (18% of revenue). 
- Balance sheet: $36.1M cash, $58.9M Class A equity. Shares repurchased: $4.6M in Q3.

**【Q&A Key Highlights】**
- **Investment Timing**: Global strategy flows expected in 6-12 months; full ROI on 18-24 month investments. 
- **EBITDA Margin**: Historical levels achievable post-investment phase, with current focus on pipeline conversion. 
- **Pipeline Visibility**: Large but harder to quantify due to post-2020 consultant process changes. 
- **Hiring**: 15+ new hires Y/Y, with ongoing needs in Europe/Asia. 
- **Buyback Pricing**: Purchases made at favorable prices (e.g., block trades in June), but exact levels undisclosed.

Silvercrest Asset Management Group Inc. (SAMG) Q3 2025 Earnings Call Transcript

Management and Advisory Fees

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Performance Fees

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SAMG fundamentals

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