Silvercrest Asset Management Group (NASDAQ:SAMG) announced its financial results for the fourth quarter and full year ended December 31, 2025, on March 16, 2026.
The New York-based wealth management firm reported that total assets under management (AUM) reached $37 billion at year-end.
Within this total, discretionary AUM—the primary driver of the company’s management fees—stood at $24 billion, representing a 3% increase year-over-year, though it experienced a slight 1.2% decline from the third quarter of 2025.
Total revenue for the fiscal year rose to $125.3 million, a 1.3% increase over 2024.
This growth was supported by resilient performance in the firm's equity strategies and continued demand from ultra-high-net-worth clients.
On a GAAP basis, net income attributable to Silvercrest was $4.9 million.
However, the company’s adjusted net income, which provides a clearer view of core operational performance by excluding non-recurring items, was $11.8 million for the year.
The firm’s profitability metrics reflected a year of intentional reinvestment in human capital.
Adjusted EBITDA for 2025 was $19.6 million, a decrease from the $26.1 million reported in 2024.
This decline was largely driven by a rise in compensation and benefits, which totaled $83.9 million, or 67% of total revenue.
Meanwhile, Silvercrest remained aggressive in its capital allocation strategy throughout 2025, repurchasing approximately $50.4 million of its shares.