Silvercrest Asset Management Group Inc. (SAMG) Q4 2025 Earnings Call Transcript

Operator

Good morning, and welcome to the Silvercrest Asset Management Group Inc. Q4 and Full Year 2025 Earnings Conference Call. [Operator Instructions] Please note today’s event is being recorded. Before we begin, let me remind you that during today’s call, certain statements made regarding our future performance are forward-looking statements. They are based on current expectations and projections, which are subject to a number of risks and uncertainties. Many factors could cause actual results to differ materially from the statements that are made.

Those factors are disclosed in our filings with the SEC under the caption Risk Factors. For all such forward-looking statements, we claim the protections provided by the Litigation Reform Act of 1995. All forward-looking statements made on this call are made as of the date hereof, and Silvercrest assumes no obligation to update them.

I would now like to turn the floor over to Rick Hough, Chairman and CEO of Silvercrest. Please go ahead.

Richard Hough
CEO, President & Chairman

Good morning. Thank you for joining us for our fourth quarter and year-end 2025 results. Silvercrest’s discretionary assets under management, which primarily drives the firm’s revenue, decreased 1.2% during the fourth quarter from $24.3 billion to $24 billion. For the year 2025, total discretionary AUM increased by 3% from $23.3 billion to $24 billion, aided by supportive markets and organic net new client accounts. Silvercrest added $124.5 million in organic new client accounts during the fourth quarter, bringing our full year 2025 organic new client account flows to $688.3 million.

For the full year, organic new