Q2 2026 Silvercrest Asset Management Group Inc Earnings Call Transcript
Good morning and welcome to the Silvercrest Asset Management Group, Q2 2026 earnings conference call.
(Operator Instructions) I would now like to turn the conference over to Rick Huff, Chairman and CEO of Silvercrest, please go ahead.
Good morning and thanks for joining us for the second quarter of 2026 earnings call, Silvercrest made strategic progress during the second quarter and the plan we described over the past 2 years is proceeding as we designed.
Discretionary assets under management, which primarily drives the firm's revenue, increased 6.9% during the second quarter to 24.7 billion on June 30th, 2026, and from 23.1 billion on March 31st, 2026, driven by market appreciation partially offset by net client outflows during the quarter were primarily attributable to seasonal high net worth client withdrawals or tax payments consistent with prior second quarters as well. Institutional outflows, over 200 million of those
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