Sign in

    Sandy Mehta • Evaluate Research

    Sandy Mehta's questions to Silvercrest Asset Management Group Inc (SAMG) leadership

    Sandy Mehta's questions to Silvercrest Asset Management Group Inc (SAMG) leadership • Q2 2025

    Question

    Sandy Mehta of Evaluate Research inquired about the new business pipeline's strength, the performance of the global value composite, details on the recent stock buyback, and the current outlook for M&A or team acquisitions.

    Answer

    Richard Hough, Chairman & CEO, stated that the measurable new business pipeline has doubled to approximately $200 million, with a much larger unmeasured potential. He highlighted significant investments in the new global value team, which are impacting current earnings but are expected to drive future growth. Regarding capital allocation, Hough confirmed an aggressive $15.3 million share repurchase and noted they are always exploring M&A, though the market remains expensive. CFO Scott Gerard added that the average buyback price was below the current trading price.

    Ask Fintool Equity Research AI

    Sandy Mehta's questions to Silvercrest Asset Management Group Inc (SAMG) leadership • Q1 2025

    Question

    Sandy Mehta inquired about the recently completed stock buyback program, asking for details on the purchase price and the status of the authorization going forward.

    Answer

    Executive Richard Hough confirmed the $12 million share repurchase program was completed in the prior month, utilizing block trades to increase volume. He stated that while the program is finished, Silvercrest is actively evaluating a new buyback. Hough emphasized the strategic importance of returning capital to shareholders, especially while making growth investments that temporarily impact earnings, a move supported by the company's strong balance sheet.

    Ask Fintool Equity Research AI

    Sandy Mehta's questions to Silvercrest Asset Management Group Inc (SAMG) leadership • Q4 2024

    Question

    Sandy Mehta of Mehta & Israni inquired about the current size of Silvercrest's client pipeline, the outlook for its OCIO business, and the prospects for global inflows in 2025, particularly for the new global value strategy. He also asked if current expense levels for compensation and G&A are a good baseline for the future.

    Answer

    Executive Richard Hough detailed that the pipeline has grown to $1.6 billion from $1.2 billion, with OCIO assets also at $1.6 billion and expected to increase. He explained the difficulty in quantifying the global value pipeline but expressed high optimism for significant inflows in 2025 and 2026, noting strong performance and new consulting relationships. Regarding expenses, Hough confirmed that current levels should be expected for the foreseeable future due to ongoing investments in talent and growth initiatives, such as the new global team and expansion into Atlanta and Singapore, which are expected to drive long-term returns.

    Ask Fintool Equity Research AI

    Sandy Mehta's questions to Silvercrest Asset Management Group Inc (SAMG) leadership • Q3 2024

    Question

    Sandy Mehta inquired about the global equity strategy, including potential inflows and staffing levels. He also asked for an update on other new strategies, the OCIO business, and the company's share buyback activity versus holding cash for potential acquisitions.

    Answer

    Richard Hough, an executive, detailed that the global equity team is nearly fully staffed and represents an 'enormous' opportunity not yet included in the current $1.2 billion pipeline. He noted the OCIO pipeline stands at $600 million. Regarding capital allocation, Hough explained that share buybacks are viewed as an 'acquisition by another means' and the current plan offers the flexibility to pause for a strategic acquisition. CFO Scott Gerard added that the company had repurchased $1.4 million of a $12 million plan authorized in mid-August.

    Ask Fintool Equity Research AI