Silvercrest Asset Management Group Inc. reported its first quarter 2025 results on May 8, 2025, indicating strong new client organic flows of $0.4 billion. This follows significant inflows of $1.4 billion in the fourth quarter of 2024, demonstrating continued success in attracting new assets.
Despite these inflows, total AUM decreased by 3.3% from $36.5 billion at December 31, 2024, to $35.3 billion at March 31, 2025, primarily due to market depreciation. Discretionary AUM remained flat year-over-year at $22.7 billion.
Revenue for Q1 2025 increased by 3.7% to $31.4 million compared to Q1 2024. However, total expenses rose by 9.0% to $26.6 million, driven by a 6.9% increase in compensation and benefits and a 14.6% rise in general and administrative expenses, reflecting ongoing strategic investments.
Consolidated net income for the quarter was $3.9 million, down from $4.9 million in the prior year period. Adjusted EBITDA decreased to $6.5 million, or 20.7% of revenue, from $7.5 million, or 24.6% of revenue, in Q1 2024, as the firm absorbs higher costs associated with growth initiatives.
The company completed a $12.0 million stock repurchase program during the quarter, demonstrating its commitment to returning capital to shareholders. The Board of Directors also declared a quarterly dividend of $0.20 per share of Class A common stock, payable on or about June 20, 2025.
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