Silvercrest Asset Management Group Inc. (SAMG): BCG Matrix [Dec-2025 Updated]

You're looking for the clearest map of Silvercrest Asset Management Group Inc.'s current business health, so here's the distilled view using the BCG Matrix as of late 2025. We see Stars driving growth with $2.0 billion in new AUM and Discretionary AUM up 8%, all while the core business reliably funds the dividend-that's your Cash Cow foundation. Still, you can't ignore the drag: $13.3 billion in Non-Discretionary assets only chips in 4% of revenue, a clear Dog, while big international pushes are Question Marks currently squeezing margins to 14.5% Adjusted EBITDA. Dive in below to see exactly where SAMG is deploying capital for its next phase of growth.

Background of Silvercrest Asset Management Group Inc. (SAMG)

Silvercrest Asset Management Group Inc. started its journey in April 2002. The firm was established by a group of seasoned professionals, including G. Moffett Cochran, Richard R. Hough III, and Martin D. Gruss, with a vision to offer highly personalized wealth management services. Silvercrest Asset Management Group Inc. operates as an independent, employee-owned registered investment adviser. The company is headquartered in New York, New York, and maintains offices across the United States, including locations in Boston, California, Virginia, Wisconsin, and New Jersey.

The core business of Silvercrest Asset Management Group Inc. involves providing traditional and alternative investment advisory services, alongside comprehensive family office services. You'll find they serve a specific clientele base, focusing on wealthy families and their trusts, as well as select institutional investors such as endowments and foundations. Furthermore, Silvercrest Asset Management Group Inc. manages funds of funds and other investment funds. The firm went public on the NASDAQ stock exchange under the ticker symbol SAMG, a key moment in its corporate history.

The firm has grown through strategic moves, like the acquisition of Semper Management to boost fixed income capabilities and the purchase of Cortina Asset Management to enhance small-cap expertise. As of September 30, 2025, Silvercrest Asset Management Group Inc. reported total assets under management (AUM) reaching a new high of $37.6 billion. Discretionary AUM, which is the primary driver of revenue, stood at $24.3 billion at the end of the third quarter of 2025. For the quarter ended September 30, 2025, Silvercrest Asset Management Group Inc. reported revenue of $31.3 million.

Silvercrest Asset Management Group Inc. (SAMG) - BCG Matrix: Stars

You're looking at the engine of future growth for Silvercrest Asset Management Group Inc. (SAMG), the businesses that are leaders in growing markets. These are the areas where the firm is successfully capturing market share and demanding significant investment to maintain that lead.

The performance metrics for the Star category show clear momentum, driven by successful business development and investment team performance. This segment is characterized by high market share capture in a market that is still expanding, which is exactly what you want to see in a Star.

Here's the quick math on the key indicators for these high-growth areas as of the third quarter of 2025:

• Organic new client flows, adding $2.0 billion in AUM year-over-year.
• Discretionary AUM growth of 8% year-over-year to $24.3 billion as of Q3 2025.
• Strong pipeline for new business, indicating continued market share gains in core areas.
• High-performing investment teams driving new client account wins.

The focus on organic acquisition is clear, as the firm has been making heavy investments to support this growth. The results from the third quarter of 2025 show this strategy is gaining traction, even if overall net flows for the quarter were negative due to market factors.

The discretionary AUM, which is the primary driver of top-line revenue for Silvercrest Asset Management Group Inc., reached $24.3 billion at September 30, 2025, representing a 3% sequential quarterly increase. This segment is where the firm is actively competing and winning mandates, which is why it requires continued investment to fend off competitors and scale operations.

The success in attracting new assets is evident in the quarterly additions, even as the firm manages the impact of market volatility. You can see the consistent inflow:

• Organic new client accounts added in Q3 2025: $46.4 million.
• New client accounts added year-to-date through Q3 2025: $564 million.
• Total AUM, including non-discretionary assets, reached $37.6 billion at quarter-end.

Sustaining this level of organic capture is key; if Silvercrest Asset Management Group Inc. can maintain this success as the high-growth market eventually matures, these units are positioned to transition into Cash Cows. Finance: draft 13-week cash view by Friday.

Silvercrest Asset Management Group Inc. (SAMG) - BCG Matrix: Cash Cows

You're looking at the core engine of Silvercrest Asset Management Group Inc. (SAMG), the business units that have already won their market share and now simply feed the rest of the operation. These are the classic Cash Cows: high market share in a mature segment, requiring minimal growth investment but generating significant, reliable cash flow.

The Core Discretionary AUM base, which is the primary driver of top-line revenue for Silvercrest Asset Management Group Inc. (SAMG), stood at $24.3 billion as of September 30, 2025. This base represents a mature, high-share segment where the firm has established its competitive advantage. This stability is what allows the firm to confidently support shareholder returns.

The financial performance of this segment directly underpins the firm's capital return policy. The stable fee income generated from this asset base is what funds the current quarterly dividend. On October 29, 2025, the Board approved an increase, setting the quarterly dividend at $0.21 per share of Class A common stock.

The strength of the Cash Cow position is further evidenced by the balance sheet management. Silvercrest Asset Management Group Inc. (SAMG) maintains a robust balance sheet, reporting no outstanding debt under its term loan or revolving credit facility as of June 30, 2025. This lack of debt servicing requirements means more cash is available for deployment elsewhere.

This operational efficiency and cash generation allow Silvercrest Asset Management Group Inc. (SAMG) to actively return capital to shareholders. The firm generates excess cash flow which supports capital deployment actions, such as the recently authorized $25.0 million stock repurchase program announced on May 23, 2025. This move signals management's belief that the stock is an attractive use of surplus cash.

Here's a quick look at the financial metrics supporting this Cash Cow classification as of the latest reporting periods in 2025:

The strategy for these units is to maintain productivity while minimizing investment, focusing only on infrastructure that enhances efficiency and cash flow. You should expect Silvercrest Asset Management Group Inc. (SAMG) to continue to 'milk' these gains passively, only investing enough to defend the existing market share.

The characteristics of these cash-generating units include:

• Primary revenue driver from Discretionary AUM.
• Cash flow supports the $0.21 quarterly dividend.
• Balance sheet supports capital returns with no outstanding debt.
• Funding for the $25.0 million share buyback authorization.

The firm's focus remains on maximizing the output from this established base. For the nine months ended September 30, 2025, the firm reported an Adjusted EBITDA of $16.8 million. This cash generation is key to funding the Question Marks and Stars in the portfolio.

Silvercrest Asset Management Group Inc. (SAMG) - BCG Matrix: Dogs

The Non-Discretionary AUM segment at Silvercrest Asset Management Group Inc. (SAMG) fits the profile of a Dog within the Boston Consulting Group Matrix, characterized by low growth and low relative market share contribution to revenue.

As of September 30, 2025, the Non-Discretionary AUM stood at $13.3 billion.

This $13.3 billion figure contributes only 4% of Silvercrest Asset Management Group Inc.'s total revenue.

This segment is primarily comprised of fixed-fee reporting and family-office services.

The growth in this asset base is largely passive, driven by market appreciation rather than active client flows.

The low relative revenue share, despite the large AUM figure, acts as a drag on the firm's average basis points.

Here are the key figures comparing the two main AUM categories as of September 30, 2025:

The nature of the revenue stream for this segment dictates its low-growth, low-margin positioning:

• Fixed-fee reporting services revenue.
• Family-office services revenue.
• Growth is primarily market-driven, not new asset acquisition.

For the three months ended September 30, 2025, the revenue breakdown shows the relative scale:

• Total Revenue for Q3 2025: $31.3 million.
• Tax and family office services revenue for Nine Months Ended September 30, 2025: $3,229 (in thousands, or $3.229 million).

The management perspective is that these assets have more than doubled over the past few years, which artificially lowers the apparent average basis points received for advising on AUM.

The firm expects to adjust reporting in 2026 to better relay the average basis points of its asset management and advisory businesses.

Silvercrest Asset Management Group Inc. (SAMG) - BCG Matrix: Question Marks

These business units represent Silvercrest Asset Management Group Inc.'s high-growth market entries that currently possess a low market share, consuming cash while the market discovers their value proposition.

The New Global Value Equity strategy is a prime example. This strategy was launched with a significant seed investment of $1.3 billion USD from CBUS in Q4 2024. While the pipeline for this strategy is described as robust, the revenue conversion from this initial investment is still unproven in terms of scale, fitting the Question Mark profile of high growth potential but low current market share realization.

The firm's international expansion initiatives also fall into this category, requiring heavy upfront investment to establish presence and secure future revenue streams. These include the establishment of the Singapore office, which contributed to increased occupancy and related costs in G&A expenses, and pursuing more initiatives for European market penetration, such as securing the MAS license.

This investment in growth is clearly reflected in the recent profitability metrics, showing pressure on margins due to elevated General and Administrative (G&A) expenses from professional fees and recruiting efforts. For the three months ended September 30, 2025, the Adjusted EBITDA was $4.5 million, representing an 14.5% margin on revenue. This compares unfavorably to the 20.9% margin recorded in the same period of the prior year.

Here's a quick look at the margin compression in Q3 2025:

The expense intensity is notable, with Compensation & benefits rising 16.8% YoY (+$3.1M) and G&A expenses increasing by 11.9% YoY (+$0.9M) in Q3 2025, which included international professional fees. Overall total expenses for the quarter increased by approximately 15.4% year-over-year.

The firm is actively managing these cash-consuming investments, which are necessary to build market share in these new areas. The strategy involves heavy investment now for future returns, as evidenced by the management's outlook:

• Strategic investments are expected to take 18-24 months to restore operating leverage.
• The pipeline for the Global Value Equity strategy suggests some initial allocations could arrive within 6 to 12 months.
• The firm has recently appointed a Head of International Consultant Relations in September 2025, signaling continued focus on global growth.
• Total AUM reached a record high of $37.6 billion as of September 30, 2025, with Discretionary AUM at $24.3 billion, positioning the firm for future revenue conversion once these new strategies gain traction.

To be fair, the CEO noted that if the impact of recent investments were stripped away, the firm would be near historic EBITDA and earnings levels, suggesting the underlying business model is sound but currently masked by growth spending.