SILVERCREST ASSET MANAGEMENT GROUP LLC

other names
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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 152 -1.30%
of those in investment advisory functions 58
Registration SEC, Approved, 3/19/2002
AUM* 33,280,642,411 15.14%
of that, discretionary 21,885,130,202 4.96%
Private Fund GAV* 353,192,032 -44.91%
Avg Account Size 25,818,962 15.14%
% High Net Worth 88.21% 0.21%
SMA’s Yes
Private Funds 15
Contact Info 212 xxxxxxx
Websites

Client Types

- High net worth individuals
- Banking or thrift institutions
- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
25B 21B 18B 14B 11B 7B 4B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count11 GAV$180,009,532
Fund TypeOther Private Fund Count4 GAV$173,182,500

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Top Holdings

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Stck Ticker595017104 Stock NameMICROCHIP TECHNOLOGY INC COM $ Position$127,134,309 % Position1.00% $ Change-1.00% # Change-3.00%
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Stck Ticker81369Y886 Stock NameSELECT SECTOR SPDR TR SBI INT-UTILS $ Position$99,109,681 % Position1.00% $ Change23.00% # Change19.00%
Stck Ticker68389X105 Stock NameORACLE CORP COM $ Position$176,540,756 % Position1.00% $ Change10.00% # Change-2.00%
Stck Ticker92206C680 Stock NameVANGUARD SCOTTSDALE FDS VNG RUS1000GRW $ Position$117,150,770 % Position1.00% $ Change9.00% # Change1.00%
Stck Ticker693475105 Stock NamePNC FINL SVCS GROUP INC COM $ Position$97,847,296 % Position1.00% $ Change-7.00% # Change-3.00%
Stck Ticker45826H109 Stock NameINTEGER HLDGS CORP COM $ Position$95,476,512 % Position1.00% $ Change-4.00% # Change-3.00%
Stck Ticker44925C103 Stock NameICF INTL INC COM $ Position$112,189,975 % Position1.00% $ Change-8.00% # Change-7.00%

Brochure Summary

Overview

The Firm Silvercrest Asset Management Group LLC (“Silvercrest”) provides asset management and family office services to families and select institutional investors. As of December 31, 2023, Silvercrest advised on $33.3 billion for a clientele comprised primarily of families, as well as endowments, foundations and other institutional investors. Silvercrest's family office, advisory and investment capabilities are available to clients interested in investing substantial assets. Of the $33.3 billion, Silvercrest has been granted discretionary authority over $21.9 billion. In accordance with its fiduciary duty as to some of those $21.9 billion of assets, Silvercrest may recommend to clients that they invest in one or more private funds managed on a discretionary basis by one or more third parties. As to the remaining $11.4 billion of assets, Silvercrest provides non-discretionary advice, reporting services or has another role in managing them. To the extent Clients' assets are held in separately managed accounts, they are generally managed on a fully discretionary basis where Silvercrest makes all decisions as to which securities are bought or sold and/or the total amount bought or sold. Silvercrest tailors its advisory services to the individual needs of its clients. Silvercrest's portfolio managers apply specific objectives and guidelines for each client portfolio which they are responsible for managing. Clients may impose restrictions on investing in certain types of securities. If a client wishes to limit the portfolio manager's discretion in any way, the limitation will be contained in the client's investment
objectives and guidelines. Silvercrest’s investment capabilities include equity management, fixed-income management, outsourced investments and alternative investments. Silvercrest acts as advisor to certain of the alternative investment products, which includes a private fund and funds of funds. Silvercrest also serves as sub-advisor to one or more funds registered under the Investment Company Act of 1940. Silvercrest also provides institutional investors with independent, investment-driven risk analytics, due diligence and custom portfolio advisory support. Risk advisory services are based on both quantitative and qualitative analyses, including Value at Risk (“VaR”), stress testing, Monte Carlo simulation and most common risk metrics. Due diligence services comprise best practices for review of operational and investment diligence. Finally, Silvercrest provides outsourced chief investment officer services to institutions. Silvercrest charges a fee to institutions that become clients of this business unit for: (i) managing their overall investment strategy and making recommendations to those clients with respect to their allocations to third party asset managers; and (ii) providing portfolio reporting and ongoing due diligence services. Silvercrest was established in 2001. It is a wholly-owned subsidiary of Silvercrest L.P. The general partner of Silvercrest L.P. is Silvercrest Asset Management Group Inc., which is a publicly-traded C corporation (NASDAQ symbol SAMG). Class A Common Shares of SAMG are owned by the investing public, Class B Common Shares are owned by employees of Silvercrest.