Silvercrest Expects Expansion Initiatives to Add Revenue in 2027

Silvercrest Asset Management Group ended the third quarter with $23.8 billion in discretionary assets under management, as weaker markets weighed on the total while management expects expansion initiatives to start adding revenue in 2027. Discretionary AUM fell primarily because of weaker markets. Net flows were essentially flat at $58.3 million. Management expects completed office, fund and licensing initiatives to begin contributing revenue in 2027. It separately expects related administrative and legal costs to decline. Silvercrest CEO, President and Chairman Richard Hough said the company continued its strategic initiatives during the quarter.

Source: TokenPost