Silvercrest Asset Management Group LLC is a large advisory firm based in New York. It manages $19.03 billion of regulatory assets for 1,218 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Connecticut, and 33 other states.
Silvercrest Asset Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Silvercrest Asset Management Group LLC is $19.03 billion. The firm's AUM has grown by 1591% since the beginning of its operation, and $613.8 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Silvercrest Asset Management Group LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Silvercrest Asset Management Group is high net worth individuals with 1,093 clients and $14.42 billion of assets under management. Among the 9 most similar advisory firms, Silvercrest Asset Management Group has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $19.03 billion for 1,218 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Silvercrest Asset Management Group also advises several private funds. Namely, fourteen hedge funds and four other private funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.
The company employs 129 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.
There are 22 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Silvercrest Asset Management Group LLC performs its advisory services is located at 1330 Avenue Of The Americas, New York, NY 10019 5400, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-649-0600 or by fax 212-649-0606. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at silvercrestgroup.com.