Silvercrest Asset Management Delivers Strong Strategic Momentum Amid Near-Term Headwinds
Silvercrest Asset Management Group Inc., a leading investment management firm, has marked its 25th year in business with clear strategic momentum. Despite near-term headwinds reflected in its first quarter results, the company remains committed to its long-term objectives.
Discretionary assets under management (AUM), which primarily drives the firm's revenue, decreased by 3.7% to $23.1 billion at March 31, 2026, from $24 billion as of December 31. This decline was largely due to net institutional outflows. However, organic new client account flows into the firm were a respectable $81 million for the first quarter, primarily driven by high net worth investors.
Year-over-year discretionary AUM grew nearly 2% from $22.7 billion as of the end of March last year, while total AUM increased 1.1% to $35.7 billion, up from $35.3 billion as of March 31st, 2025.
Silvercrest's Chairman and Chief Executive Officer, Richard R. Hough III, highlighted the company's strategic priorities in a recent earnings conference call. He emphasized that the firm is investing in intellectual capital and headcount to build a more enduring and globally capable organization for its next 25 years. This significant investment program was initiated about a year and a half ago.
Hough noted that these investments are taking time to bear fruit, resulting in continued earnings and adjusted EBITDA reflecting the deliberate cost of this program. The company remains fully committed to its strategic priorities and will continue to be transparent about their impact on financial results.
The firm's new business pipeline is particularly robust, with regards to global and international equity strategies, bolstered by exceptional investment performance across the board. Silvercrest continues to generate strong interest from institutional consultants and allocators globally, with a primary objective for 2026 being to convert this pipeline into consultant approvals and funded mandates.
In support of these goals, the company has reorganized its international business development effort and now has professionals dedicated in London and Australia. The Dublin office is on track to open later in 2026 following expected Central Bank of Ireland regulatory approval, allowing Silvercrest to proactively market their capabilities in Europe. Investment trusts have been created in both Ireland and Australia, expanding distribution opportunities across these regions.
The firm has also opened offices in Atlanta and Singapore during the first quarter of 2026, with business development as a result beginning to emerge. These strategic initiatives are designed to contribute meaningfully to positive flows in 2026 and beyond.
