Silvercrest Q1 AUM Drops 3.7% to $23.1B, Revenue $31.4M
SAMG•Silvercrest’s discretionary assets under management fell 3.7% to $23.1 billion in Q1, while total AUM rose 1.1% year-over-year to $35.7 billion on $81 million of organic flows. The quarter delivered $31.4 million revenue, GAAP net income of $0.5 million, $3.7 million adjusted EBITDA and a compensation ratio of 67.2%.
1. AUM Trends
Discretionary AUM declined 3.7% to $23.1 billion at quarter end, driven by net institutional outflows, while organic new client flows of $81 million supported a 1.1% year-over-year increase in total AUM to $35.7 billion.
2. Q1 Financial Results
Revenue was $31.4 million with GAAP net income of $0.5 million and basic EPS of $0.03; adjusted EBITDA reached $3.7 million and adjusted EPS was $0.13.
3. Strategic Investments and Costs
Ongoing investments in intellectual capital and headcount pushed compensation and benefits expense to $21.1 million, representing 67.2% of revenue versus 60.2% in the prior year, reflecting an elevated ratio as growth initiatives mature.
4. Dividend and Expansion Plans
The board declared a $0.21 quarterly dividend payable June 19 to shareholders of record June 12, while new offices in Atlanta and Singapore opened and Dublin regulatory approval is expected later in 2026 to fuel international growth.
