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November 4 , 2021 Silvercrest Asset Management Group Inc. Reports Q3 2021 Results NEW YORK , Nov. 4 , 2021 / PRNewswire / -- Silvercrest Asset Management Group Inc. ( NASDAQ : SAMG ) ( the " Company " or " Silvercrest " ) today reported the results of its operations for the quarter ended September 30 , 2021 . Business Update Silvercrest is pleased to report strong financial results for the third quarter of 2021 , despite anemic markets and institutional rebalancing during the third quarter . The firm's discretionary assets under management ( " AUM " ) , which drives revenue , increased 25.7 % year over year . Commensurate with that increase , Silvercrest concluded the quarter with $ 33.5 million in revenue and quarterly Adjusted EBITDA¹ of $ 10.3 million , representing year - over - year increases of 23.1 % and 27.4 % respectively . Adjusted Diluted Earnings Per Share¹ increased 25.7 % year over year to $ 0.44 per Adjusted Diluted Earnings Per Share . Silvercrest sought to achieve $ 1.0 billion in AUM with its relatively new Outsourced Chief Investment Officer ( OCIO ) capability by the end of 2021. We are pleased to report that the OCIO business now has $ 1.1 billion in AUM . We have a strong new business pipeline of opportunities and crossing this AUM threshold will be helpful to building that business . Silvercrest's new business opportunities continue to grow thanks to continued strong relative investment performance for high net worth and institutional clients alike . During the third quarter , Silvercrest repurchased approximately 27 thousand shares of Class A common stock for approximately $ 0.4 million pursuant to its previously announced share repurchase program on July 28 , 2021 . On November 2 , 2021 , the Company's Board of Directors declared a quarterly dividend of $ 0.17 per share of Class A common stock which represents an annual yield of approximately 4.1 % based on the closing price of the Company's Class A common stock on November 3 , 2021. The dividend will be paid on or about December 17 , 2021 to shareholders of record as of the close of business on December 10 , 2021 . Third Quarter 2021 Highlights • Total assets under management ( " AUM " ) of $ 31.0 billion , inclusive of discretionary AUM of $ 22.5 billion and non - discretionary AUM of $ 8.5 billion at September 30 , 2021 . • Revenue of $ 33.5 million . • U.S. Generally Accepted Accounting Principles ( " GAAP " ) consolidated net income and net income attributable to Silvercrest of $ 6.4 million and $ 3.7 million , respectively . • Basic and diluted net income per share of $ 0.38 . • Adjusted Earnings Before Interest , Taxes , Depreciation and Amortization ( " EBITDA " ) ¹ of $ 10.3 million .