Silvercrest Asset Management Group Soars in Q2 2026 with Record Discretionary AUM and Strong Institutional Pipeline
On July 31, 2026, Silvercrest Asset Management Group reported a stellar second quarter with significant progress towards its strategic goals. The company's Chairman and CEO, Rick Hough, highlighted the firm's achievements during the earnings conference call.
The key takeaway from Q2 was the substantial increase in discretionary assets under management (AUM), which grew 6.9% to $24.7 billion at June 30, 2026. This growth was driven by market appreciation and a smaller net client outflow, mainly due to seasonal high-net-worth client withdrawals for tax payments.
Despite the outflows, Silvercrest's discretionary AUM has reached an all-time high for the firm, providing a solid foundation for future revenue growth. Organic new client account flows also increased to $111 million in Q2, up from $81 million in the first quarter and $80 million in the prior year period.
The company's institutional pipeline has grown substantially, with its global and international equity strategies continuing to deliver exceptional performance. This week, Silvercrest received an AUD 500 million contribution to its Global Value strategy, which now manages $2.5 billion. The firm's institutional business has also expanded, reaching $9.8 billion in AUM as of June 30, 2026.
Silvercrest's OCIO (outsourced chief investment officer) business has made significant progress, with the company managing $2.9 billion in AUM. The firm is investing heavily in its global infrastructure and distribution build-out, expecting to complete its MiFID license through the Central Bank of Ireland by the end of Q3 2026.
The administrative and legal costs associated with these initiatives will decline meaningfully as the distribution access they create begins to contribute. Silvercrest has achieved important third-party ratings for its strategies and vehicles and is working on additional ratings with major global consultants, further opening institutional distribution channels worldwide.
In terms of talent investment, Silvercrest continues to build a strong team, with new hires joining the firm in Dublin next week. The company's compensation ratio remains elevated as it invests in organic growth opportunities, with total compensation and benefits expense reaching $20.5 million for Q2 2026.
