Silvercrest Asset Management Group Inc. reported its financial results for the three and nine months ended September 30, 2026, in a Form 8-K filed on October 29, 2026. The firm reported total assets under management (AUM) of $36.2 billion as of September 30, 2026, a decrease of $1.4 billion, or 3.7%, from the same period in the prior year. This decline was driven by net client outflows of $2.5 billion, partially offset by market appreciation of $1.1 billion.
Discretionary AUM, which drives the firm's revenue, stood at $23.8 billion at the end of the third quarter. This figure decreased by $0.9 billion, or 3.6%, compared to the prior quarter. The company attributed this drop to market depreciation of $0.8 billion and net client outflows of $0.1 billion. Net flows for the quarter were essentially flat at $58.3 million, with organic new client accounts totaling $182.2 million, the best quarter during 2026. This included a $373.0 million follow-on investment in the firm's global value equity strategy.
For the nine months ended September 30, 2026, revenue increased by 1.6% year-over-year to $94.9 million. However, net income attributable to Silvercrest was $1.1 million, or $0.14 per share, compared to $5.0 million, or $0.56 per share, in the prior year. Adjusted EBITDA for the nine months was $11.6 million, representing a margin of 12.2%. Total compensation and benefits expense for the nine months was $62.9 million, representing 66.3% of revenue. The company noted that it expects the compensation ratio to remain elevated as it continues to invest in its business.
In other business updates, Silvercrest announced it received its full MiFID license through the Central Bank of Ireland and opened a Dublin office to serve European clients. The company also declared a quarterly dividend of $0.21 per share of Class A common stock, payable on or about December 18, 2026, to stockholders of record as of December 11, 2026. Additionally, the company stated it will adjust how it reports non-discretionary AUM at the end of the first quarter of 2027, likely eliminating the category to provide a clearer picture of discretionary AUM.
