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 年業績會成績單摘要：
Financial Performance:
金融業績：
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.
由於機構委託的流失，Silvercrest 報告了自營資產管理規模下降至 21.6 億美元。
總自營資產管理規模爲 33.4 億美元，同比略微增長 4.7%。
季度收入增長 4.2%，達到 3100 萬美元，主要受市場升值的推動。
本季度報告的合併淨利潤爲 44 萬美元。
公司以高臨時薪酬率在運營，這會影響盈利能力。
Business Progress:
業務進展：
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.
專注於多元化客戶群和增長機構關係，特別是全球股票和 OCIO。
宣佈聘請全球股票投資團隊，推動未來國際戰略增長。
增加新的業務發展專業人員，以增強對東南部超高淨值家庭的外聯。
增加季度股息約 5%，反映對持續財務穩定和股東價值增值的信懇智能。
Opportunities:
機會：
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.
投資於全球股票團隊可能吸引大量機構委託，並提高 Silvercrest 在全球的知名度。
服務超高淨值家庭和國際市場的多樣化具有顯著的增長潛力。
Risks:
風險：
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.
由於專注於小盤和價值策略，受窄市場趨勢的表現波動性的影響較大。
支持未來自營資產管理規模增長需要更廣泛的市場參與，目前窄小的市場領導地位構成風險。
More details: Silvercrest Asset Management IR
更多細節：Silvercrest Asset Management IR。
Tips: 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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。