secwatch.observer — SEC 8-K summary
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Issuer:     Silvercrest Asset Management Group Inc. (SAMG)
CIK:        0001549966
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000950170-24-027938
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvercrest Q4 net loss of $0.4M; FY revenue down 4.7% to $117.4M
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- Q4 net loss attributable to Silvercrest $0.4M ($0.04 diluted loss); adjusted diluted EPS $0.07.
- FY 2023 revenue $117.4M, down 4.7% YoY; net income $15.2M (12.9% margin) vs $30.8M (25.0%) prior year.
- Total AUM $33.3B at Dec 31, up 15.2% YoY; discretionary AUM $21.9B, up 4.8% with net outflows of $1.1B.
- Adjusted EBITDA $26.9M (22.9% margin) vs $32.0M (26.0%) in 2022; compensation ratio rose to 59% from 55%.
- Management notes improved pipeline: $735M institutional and $585M OCIO opportunities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024027938/0000950170-24-027938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024027938/samg-20240307.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-027938

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer