Silvercrest Asset Management Reports 9.6% AUM Growth to $36.5 Billion in 2024

Silvercrest Asset Management reported strong financial performance in its Q4 and full year 2024 results, highlighting a 9.6% increase in total assets under management (AUM), reaching $36.5 billion. The firm achieved significant organic inflows of $1.4 billion in Q4 and $1.5 billion throughout 2024, marking its best year for new client inflows since 2015. Revenue for the year rose by 5.3% to $123.7 million, with a notable 12% increase in Q4 revenue compared to the previous year. Silvercrest's strategic expansions include hiring in Atlanta and Singapore, and obtaining a full MAS license for operations in Singapore, aimed at enhancing its global footprint. The company maintains a high client retention rate of 98% and is optimistic about future growth opportunities driven by its robust pipeline and strategic initiatives. Management emphasizes continued investment in talent and infrastructure to meet evolving client needs and secure further organic growth.