Silvercrest CEO Says His High Net Worth Pipeline Is Packed

Shares of Silvercrest Asset Management are up over 10 percent year-to-date, even as the majority of financial stocks have struggled to stay positive.
Author:
Publish date:

Shares of Silvercrest Asset Management (SAMG) - Get Report are up over 10 percent year-to-date, even as the majority of financial stocks have struggled to stay positive. Silvercrest's CEO Richard Hough said the high-net-worth wealth manager's outperformance is a result of its ability to grow its high net worth pipeline, even in the face of far larger competitors. 'We were the second fastest growing firm in terms of assets under management and revenue last year,' said Hough. 'We performed well in terms of executing on that pipeline and I think investors are starting to see that.' Silvercrest is the nation's only independent wealth management company that is publicly traded, having listed its shares in June 2013.