Silvercrest Asset Management Group Inc. Sees Robust Growth Amid Strategic Investments
Silvercrest Asset Management Group Inc., a leading investment management firm, has reported strong growth in its discretionary assets under management (AUM) and organic new client accounts for the fourth quarter of 2025, despite strategic investments that impacted earnings.
According to the company's Q4 2025 earnings conference call transcript, Silvercrest's discretionary AUM decreased by 1.2% during the fourth quarter from $24.3 billion to $24 billion, driven primarily by supportive markets and organic net new client accounts. For the full year 2025, total discretionary AUM increased by 3% from $23.3 billion to $24 billion.
Notably, Silvercrest added $124.5 million in organic new client accounts during the fourth quarter, bringing its full-year 2025 organic new client account flows to $688.3 million. This represents one of the stronger levels over the past several years, underscoring receptivity to the firm's investment capabilities and momentum across its marketing efforts.
Total AUM decreased by 1.6% during the fourth quarter to $37 billion, increasing 2% year-over-year from $36.5 billion with no revenue effect. The company has noted that its non-discretionary AUM, comprising fixed fee reporting and family office services, have more than doubled over the past few years, artificially lowering the apparent average basis points it receives for advising on AUM.
Silvercrest has embarked on significant strategic investments to promote growth opportunities across multiple fronts, including intellectual capital and headcount. These investments are expected to bear fruit in the long term but have impacted earnings and adjusted EBITDA, reflecting the company's concerted effort to invest capital to support long-term strategic priorities.
The firm continues to execute on these priorities, with meaningful progress made on several key fronts. Its new business pipeline remains robust, particularly regarding global and international equity strategies, bolstered by outstanding performance. Silvercrest has reorganized its international business development effort and now has professionals in London and Australia, with regulatory approval expected within the second quarter to do business in Europe through a new Dublin office.
The company also continues to invest in talent across the organization to drive new growth and successfully transition the business toward the next generation, further strengthening its investment leadership bench. These investments in people are central to Silvercrest's long-term competitive positioning.
Silvercrest has announced plans to adjust how it reports non-discretionary AUM in a future quarter, which will substantially lower its non-discretionary AUM on a one-time basis without revenue effect, providing investors with a clear picture of the AUM and economics that drive the business.
As Silvercrest continues to invest in strategic initiatives, including marketing and distribution efforts globally, the company remains optimistic about its long-term prospects. With significant progress made on several key fronts, Silvercrest is well-positioned for continued growth and success in 2026 and beyond.
