Earnings Call Summary | Silvercrest Asset Management(SAMG.US) Q2 2024 Earnings Conference
Earnings Call Summary | Silvercrest Asset Management(SAMG.US) Q2 2024 Earnings Conference
Quarterly revenue experienced a growth of 4.2%, reaching $31 million, driven primarily by market appreciation.The following is a summary of the Silvercrest Asset Management Group Inc. (SAMG) Q2 2024 Earnings Call Transcript:
以下是Silvercrest Asset Management Group Inc. (SAMG) 第二季度 2024 年业绩会成绩单摘要：
Financial Performance:
金融业绩：
Silvercrest reported a decrease in discretionary AUM to $21.6 billion due to loss of institutional mandates.
Total AUM was $33.4 billion, marking a modest increase of 4.7% year-over-year.
Quarterly revenue experienced a growth of 4.2%, reaching $31 million, driven primarily by market appreciation.
Reported consolidated net income for the quarter was $4.4 million.
The company operates with a high interim compensation percentage, affecting profitability.
由于机构委托的流失，Silvercrest 报告了自营资产管理规模下降至 21.6 亿美元。
总自营资产管理规模为 33.4 亿美元，同比略微增长 4.7%。
季度收入增长 4.2%，达到 3100 万美元，主要受市场升值的推动。
本季度报告的合并净利润为 44 万美元。
公司以高临时薪酬率在运营，这会影响盈利能力。
Business Progress:
业务进展：
Focused on diversifying client base and growing institutional relationships, particularly in global equity and OCIO.
Announced the hiring of a global equity investment team to drive future growth in international strategies.
Added new business development professionals to enhance outreach to ultra-high net worth families in the Southeast.
Increased quarterly dividend by approximately 5%, reflecting confidence in ongoing financial stability and shareholder value enhancement.
专注于多元化客户群和增长机构关系，特别是全球股票和 OCIO。
宣布聘请全球股票投资团队，推动未来国际战略增长。
增加新的业务发展专业人员，以增强对东南部超高净值家庭的外联。
增加季度股息约 5%，反映对持续财务稳定和股东价值增值的信恳智能。
Opportunities:
机会：
Investing in global equity teams may attract significant institutional mandates and raise Silvercrest's visibility globally.
Diversification into serving ultra-high net worth families and international markets presents significant growth potential.
投资于全球股票团队可能吸引大量机构委托，并提高 Silvercrest 在全球的知名度。
服务超高净值家庭和国际市场的多样化具有显著的增长潜力。
Risks:
风险：
Subject to performance volatility where narrow market trends can impact business dramatically due to specialized focus on small cap and value strategy.
Broader market participation is essential to support future AUM growth, with current narrow market leadership constituting a risk.
由于专注于小盘和价值策略，受窄市场趋势的表现波动性的影响较大。
支持未来自营资产管理规模增长需要更广泛的市场参与，目前窄小的市场领导地位构成风险。
More details: Silvercrest Asset Management IR
更多细节：Silvercrest Asset Management IR。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。