Silvercrest Asset Management Group Inc. (SAMG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Silvercrest Asset Management Group Inc. Q1 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. Before we begin, let me remind you that during today's call, certain statements made regarding our future performance are forward-looking statements. They are based on current expectations and projections, which are subject to a number of risks and uncertainties, and many factors could cause actual results to differ materially from statements that are made. Those factors are disclosed in our filings with the SEC under the caption risk factors. For all such forward-looking statements, we claim the protections provided by the Litigation Reform Act of 1995. All forward-looking statements made on this call are made as of the date hereof and Silvercrest assumes no obligation to update them. I would now like to turn the conference over to Rick Huff, Chairman and CEO of Silvercrest. Please go ahead. Good morning everyone and welcome to our first quarter 2025 conference call for Silvercrest. We experienced strong new client organic flows of 0.4 billion during the first quarter this year. The new assets under management follow on the significant new client flows of 1.4 billion in the fourth quarter of 2024 for a total of 1.8 billion over the past two quarters in new client accounts. Our first quarter's new client account flow was in itself stronger than some recent years in total. And Silvercrest strategic investments continue to promote our growth. The increases during the quarter bode well for future re...