First read for a new ticker takes about 20–30 seconds while we build the analysis from the latest fundamentals, estimates, and intelligence. It's saved after this, so future visits are instant.
Thesis: Silvercrest Asset Management: the story is balanced — Net client asset flows - new client wins versus departures, which directly impact recurring fee revenue
★ Analysts see FY2027 revenue reaching $134M — +7.2% growth in a single year.
What Moves the Stock
1Net client asset flows - new client wins versus departures, which directly impact recurring fee revenue
2Market performance and AUM growth - equity market appreciation drives AUM and fee revenue without additional client acquisition
3Fee realization rates - basis points charged on AUM, which can compress due to competitive pressure or shift toward lower-fee institutional mandates
4Operating margin expansion - ability to grow revenue faster than compensation and overhead costs as the firm scales
5Discretionary asset management fees (~75-80% of revenue) - charged as percentage of AUM, typically 50-100 basis points depending on account size and complexity
6Family office services fees (~15-20% of revenue) - fixed retainer and hourly fees for tax planning, estate administration, bill payment, and concierge services
7Non-discretionary advisory fees (~5% of revenue) - consulting on specific investment decisions without full portfolio management
value - The stock trades at 1.0x Price/Sales and 6.5x EV/EBITDA, below typical wealth manager multiples of 2-3x sales…
Rising interest rates have mixed effects.
Watch on earnings: S&P 500 Index level - primary driver of AUM through market appreciation, with ~60-70% of client portfolios typically in equities, High-net-worth wealth creation trends - IPO activity, private equity exits, and executive compensation levels drive new investable assets in target client segment, Wealth management industry fee rates - competitive pricing trends and basis point compression across the industry.
One Sentence Summary:
Silvercrest Asset Management: the story is balanced — net client asset flows - new client wins versus departures, which directly impact recurring fee revenue.
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.