Silvercrest Asset Management Group LLC

CRD#118333
Investment Advisor Firm

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Learn more about Silvercrest Asset Management Group LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Silvercrest Asset Management Group LLC is located at 1330 Avenue Of The Americas, New York, NY. The firm employs 58 financial advisors to manage client portfolios and provide financial guidance. Silvercrest Asset Management Group LLC is not a registered broker-dealer.

    Silvercrest Asset Management Group LLC oversees $33.3 billion in assets under management across 1,289 accounts, of which 1,264 are discretionary and 25 are non-discretionary. Over the past year, the firm has provided financial planning services to between 26 and 50 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and selection of other advisers. The firm caters to high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Silvercrest Asset Management Group LLC includes asset-based, fixed, and performance-based fees. The firm has 1,137 high net worth clients and maintains affiliations with a commodity pool advisor.

    Silvercrest Asset Management Group LLC is registered in the states of Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.

    Assets Under Management

    $33.3 billion

    Number of Advisors

    58

    Disclosures

    No

    Office Location

    1330 Avenue Of The Americas
    New York, NY 10019-5400

    Silvercrest Asset Management Group LLC by the Numbers

    Total Assets Under Management

    $33.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    152

    National Average: 64
    Total Number of Accounts

    1,289

    National Average: 375,227
    Average Account Size

    $25.8 million

    National Average: $23.0 thousand
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    Products and Services

    Silvercrest Asset Management Group LLC provides multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and selection of other advisers. In the last fiscal year, Silvercrest Asset Management Group LLC provided financial planning services to 26-50 of its customers. The Firm is involved in selling products or offering services different than investment advice to its clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial management fees largely vary depending on the type of financial services provided. Fees charged by Silvercrest Asset Management Group LLC can include some combination of the following fee types: asset-based, fixed, or performance-based.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm manages money for a broad range of clients. It works with high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. Out of its 9 clients, Silvercrest Asset Management Group LLC's biggest client group by number of accounts is high net worth investors, but it also serves 1137 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 88.21%
    • Other Individuals - 0%
    • Corporations - 6.67%
    • Charitable Organizations - 5.12%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Silvercrest Asset Management Group LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Silvercrest Asset Management Group LLC

    William Martin
    New York, NY
    Palmer Garson
    Richmond, VA
    Kathelene Burns
    Bedminster, NJ
    Judy Morrill
    New York, NY
    Alphonse Chan
    La Jolla, CA
    Scott Brown
    New York, NY
    David Taylor
    New York, NY
    Peter Tobeason
    New York, NY
    Robert Choi
    La Jolla, CA

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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