Silvercrest Asset Management (SAMG) Tops Q2 EPS by 1c

Silvercrest Asset Management (NASDAQ: SAMG) reported Q2 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $18.55 million versus the consensus estimate of $17.82 million.

AUM Increased to $19.0 billion

Silvercrest's discretionary assets under management increased by $1.5 billion, or 13.5%, to $12.6 billion at June 30, 2015 from $11.1 billion at June 30, 2014. Silvercrest's AUM increased by $2.3 billion, or 13.8%, to $19.0 billion at June 30, 2015 from $16.7 billion at June 30, 2014. The increase was attributable to $1.3 billion in market appreciation in addition to net client inflows of $1.0 billion which include $0.7 billion of AUM related to our acquisition of Jamison, Eaton & Wood, Inc ("the Jamison Acquisition").

Silvercrest's discretionary assets under management increased by $0.8 billion, or 6.8%, to $12.6 billion at June 30, 2015 from $11.8 billion at March 31, 2015. Silvercrest's AUM increased by $0.8 billion, or 4.4%, to $19.0 billion at June 30, 2015 from $18.2 billion at March 31, 2015. The increase was attributable to net client inflows of $0.8 billion primarily as a result of $0.7 billion of AUM related to the Jamison Acquisition and $0.5 billion in new client accounts, partially offset by outflows related to client tax payments.

For earnings history and earnings-related data on Silvercrest Asset Management (SAMG) click here.

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