Silvercrest Asset Management Group is an independent, employee-owned registered investment adviser established in April 2002 by G. Moffett Cochran and Martin Jaffe, both formerly of Credit Suisse Asset Management and DLJ Asset Management Group. Headquartered in New York City, the firm provides investment management and family office services primarily to high-net-worth and ultra-high-net-worth families and select institutional investors. Its publicly traded holding company, Silvercrest Asset Management Group Inc. (Nasdaq: SAMG), preserves the firm's independence while allowing partial liquidity for founding and senior partners.
Website: silvercrestgroup.com
Founders: G. Moffett Cochran and Martin Jaffe (co-founders, 2002)
Company type: Public (Nasdaq: SAMG); operating subsidiary remains majority employee-owned
Regions served: United States; offices in New York, Boston, Virginia, Atlanta, New Jersey, California, and Wisconsin
What does Silvercrest Asset Management offer?
Silvercrest serves high-net-worth families, foundations, endowments, and select institutional investors through a combination of proprietary investment management and comprehensive family office services. Its offering includes:
- separately managed portfolio management using proprietary equity and fixed-income strategies, with investment teams emphasising bottom-up, value-oriented equity research and an internally developed earnings-discount valuation model
- equity strategies spanning concentrated US and global value and growth mandates, US small and SMID-cap equities, long-short equity, and international equity
- fixed-income and municipal strategies, including environmental municipal portfolios
- outsourced chief investment officer (OCIO) and risk and due-diligence advisory services for institutional clients, as well as advisory and sub-advisory roles to private funds and registered funds
- comprehensive family office services covering tax planning and preparation, estate planning, philanthropic advisory, partnership accounting, fund administration, and concierge services
- consolidated balance-sheet reporting and proprietary portfolio risk analytics delivered through customised client reporting
Silvercrest's approach is to combine the institutional investment capabilities typically associated with larger asset managers with the client intimacy and holistic advisory scope of a private bank or family office from an earlier era. The firm reports a 98% client retention rate, which it cites as evidence of that service model.
Silvercrest Asset Management in the market
Silvercrest occupies a distinctive position in the wealth management industry as a publicly traded, employee-influenced firm that nonetheless retains the characteristics of a boutique. It competes most directly with other multi-family offices and independent wealth managers serving the ultra-high-net-worth market — a segment defined, for Silvercrest's purposes, by clients with investable assets typically exceeding $25 million. Unlike many of its competitors, the firm has not pursued an aggressive acquisition strategy, instead growing primarily through organic client relationships and referrals. The firm's 98% client retention rate reflects the depth of those relationships, which frequently span multiple generations of a family.
On the institutional side, Silvercrest has been expanding its visibility with investment consultants and asset owners. In the fourth quarter of 2025, the firm was ranked sixth among mid-sized firms — those managing between $2.5 billion and $40 billion — in Nasdaq eVestment's Brand Awareness Rankings, a measure of engagement with the firm's profiles by consultants and asset owners on the eVestment platform. The appointment of a Head of US Consultant Relations in May 2025 signalled a more systematic effort to capture institutional mandates through the consulting channel.
The firm's employee-ownership model, while partially diluted since its 2013 IPO, remains a meaningful cultural anchor and a retention tool for senior portfolio managers and client advisors in an industry where talent mobility is high. Principals held approximately 32.9% of distributions via Class B units as of December 31, 2023, per publicly available filings — a structure that aligns long-term partner incentives with client outcomes in a way that publicly traded or private equity-backed competitors often cannot replicate.
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