SILVERCREST Company

Silvercrest Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Silvercrest Company, officially known as Silvercrest Asset Management Group Inc., was founded in April 2002. Established as an independent, employee-owned registered investment adviser, Silvercrest has positioned itself as a prominent player in the asset management sector, catering primarily to ultra-high-net-worth individuals and families, as well as select institutional investors.

Parent Company/Ownership Structure

Silvercrest operates as an independent entity, emphasizing its employee-owned structure. This model allows for a client-centric approach, free from the conflicts of interest often found in larger financial institutions. The ownership by employees fosters a culture of accountability and dedication to client service.

Headquarters Location

The company's headquarters is located at 1330 Avenue of the Americas, 38th Floor, New York City, New York, United States. This strategic location places Silvercrest in the heart of one of the world's leading financial centers.

Global Business Scope

While Silvercrest is primarily focused on the U.S. market, it has expanded its services to clients across multiple states, serving clients in 39 states with a licensed staff of 32 advisors. The firm has also established offices in Boston, Virginia, New Jersey, California, and Wisconsin, thereby enhancing its reach and accessibility.

Main Regulatory Bodies

Silvercrest is regulated by several key bodies, including the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). These organizations oversee compliance with securities laws and ensure that the firm adheres to the highest standards of practice in the financial advisory industry.

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2. Company History and Development

Key Milestones

Since its inception, Silvercrest has achieved significant milestones, including the management of approximately $36.5 billion in assets and serving over 1,234 clients. The average client balance stands at about $29.5 million, reflecting the firm's focus on high-net-worth individuals.

Business Expansion Journey

Silvercrest has expanded its services and client base through strategic hires and investments. Recent appointments, such as Van Martin as head of U.S. consultant relations and J. Allen Gray as head of institutional business, have positioned the firm for continued growth in the institutional sector.

Customer Base Growth

Over the years, Silvercrest has cultivated a diverse and loyal customer base, primarily consisting of ultra-high-net-worth individuals, families, trusts, endowments, and foundations. This growth is attributed to the firms reputation for integrity, independence, and personalized service.

Platform Development History

Silvercrest has continually developed its platform to incorporate advanced portfolio construction theories, risk management strategies, and diversification techniques. This evolution allows the firm to offer tailored investment solutions that meet the unique needs of its clients.

Important Awards or Recognitions Received

Silvercrest has received various accolades for its commitment to client service and investment performance. The firm is recognized for its high-quality advisory services and has maintained a strong reputation within the financial services industry.

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3. Trading Services Offered

Forex Trading Options

Silvercrest offers a comprehensive range of trading services, including forex trading. Clients can access a diverse array of currency pairs, enabling them to engage in global currency markets effectively.

Stock Trading Options

The firm provides clients with access to stock trading services, allowing for investments in a wide variety of publicly traded companies. This service is essential for clients looking to build diversified equity portfolios.

CFD Trading Products

Silvercrest also offers Contracts for Difference (CFDs), enabling clients to speculate on price movements in various financial instruments without owning the underlying asset. This service adds flexibility to clients' trading strategies.

Other Financial Instruments

In addition to forex and stock trading, Silvercrest provides access to various financial instruments, including cryptocurrencies and commodities. This broad spectrum of offerings allows clients to diversify their investment portfolios further.

Special Services or Unique Advantages

One of Silvercrest's unique advantages is its independent and client-focused approach, which distinguishes it from larger firms. The employee-owned structure allows for personalized service and tailored investment strategies that align with clients' financial goals.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Silvercrest is subject to regulatory oversight from several bodies, including:

• U.S. Securities and Exchange Commission (SEC)
• Financial Industry Regulatory Authority (FINRA)

These organizations ensure that Silvercrest complies with industry regulations and maintains high standards of conduct.

Legal Entity Structure by Region

Silvercrest operates as a registered investment adviser (RIA) in the United States, with various offices across the country. Each office adheres to the regulatory requirements of its respective state.

Client Fund Protection Measures

Client funds at Silvercrest are protected through stringent compliance measures and regulatory oversight. The firm adheres to fiduciary standards, ensuring that it acts in the best interest of its clients at all times.

Countries/Regions Served

While primarily focused on the U.S. market, Silvercrest's services are available to clients in various states, enhancing its reach and service offerings.

Compliance History

Silvercrest has maintained a clean compliance record, with no reported disciplinary actions against the firm. This history reflects the company's commitment to ethical practices and regulatory adherence.

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5. Competitive Landscape

3-5 Main Competitors

Silvercrest faces competition from several firms in the asset management space, including:

1. Freestone Capital Management
2. Lido Advisors, LLC
3. Pathstone
4. Westwood Holdings Group, Inc.

Positioning in the Industry

Silvercrest is positioned as a leading independent investment adviser, focusing on high-net-worth individuals and institutional clients. Its employee-owned model and commitment to personalized service differentiate it from larger, more traditional firms.

Market Differentiation Factors

The primary factors that set Silvercrest apart in the competitive landscape include:

• Employee ownership structure, fostering a client-centric approach
• A strong emphasis on integrity and independence
• Tailored investment strategies that align with clients' specific financial goals
• A comprehensive range of investment products and services

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In conclusion, Silvercrest Company stands out in the asset management industry due to its independent structure, commitment to client service, and comprehensive range of trading services. With a strong regulatory framework and a focus on high-net-worth individuals, Silvercrest is well-positioned for continued growth and success in the financial services sector.

For more information about Silvercrest, learn more.