Silvercrest Asset Management Reports Q2 2025 Revenue of $30.7 Million, AUM Growth of 9.9%

Silvercrest Asset Management Group Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $30.7 million, a slight decrease of 1.0% from $31.0 million in the same period last year. For the first half of 2025, revenue increased by 1.3% to $62.1 million compared to $61.3 million in the prior year. The decline in quarterly revenue was primarily attributed to a decrease in average annual management fee rates, despite an increase in assets under management (AUM), which rose to $36.7 billion, up 9.9% from $33.4 billion a year earlier.

Net income for the second quarter was $3.1 million, down from $4.4 million in the same quarter of 2024, while net income for the first half of 2025 totaled $7.1 million, compared to $9.3 million in the previous year. The decrease in profitability was linked to higher expenses, which rose to $26.6 million for the quarter, an increase of 3.7% from $25.7 million in the prior year. This rise in expenses was driven by higher compensation and benefits costs, as well as increased general and administrative expenses.

In terms of operational metrics, Silvercrest's AUM growth was bolstered by market appreciation of $2.8 billion and client inflows of $5.7 billion, although this was partially offset by outflows of $5.2 billion. The firm reported a 4.0% increase in AUM from the previous quarter, reflecting a positive trend in client engagement and investment performance. As of June 30, 2025, the company had approximately 9,095,966 basic shares outstanding, with a diluted earnings per share of $0.21 for the quarter.

Strategically, Silvercrest continues to focus on expanding its service offerings and enhancing client relationships. The firm has been actively managing its equity strategies, with notable performance in its large cap growth and international small cap value strategies, which reported composite returns of 16.8% and 15.1%, respectively. The company also announced a new share repurchase program, authorizing the repurchase of up to $25 million of its Class A common stock, which reflects its commitment to returning value to shareholders.

Looking ahead, Silvercrest anticipates continued growth in AUM and revenue, driven by its investment strategies and client service enhancements. However, the company remains cautious about market conditions and potential fluctuations in client inflows and outflows, which could impact future performance. The management emphasized the importance of maintaining a strong operational framework to navigate these challenges while pursuing its growth objectives.