Silvercrest announces co-portfolio managers for US value equity team

NEW YORK - Silvercrest Asset Management Group Inc. (NASDAQ:SAMG), a wealth management firm with a market capitalization of $221 million and an InvestingPro Financial Health Score of "Fair," announced Monday the promotion of Jeffrey C. Allen and Alexander I. Waldorf to co-portfolio managers for its U.S. Value Equity Team.

The two executives will work alongside Roger Vogel, the team’s lead portfolio manager and a Silvercrest founder, who plans to transition to a senior advisor role in spring 2027.

"While I plan to remain fully engaged through the spring of 2027, it is important for our clients to build deeper relationships with Jeff and Alex," Vogel said in a press release statement.

Allen has worked with Vogel since their time at Donaldson, Lufkin & Jenrette and joined Silvercrest at its founding in 2002. Prior to Silvercrest, he served as a vice president at Credit Suisse Asset Management.

Waldorf joined the team in 2013 from Ascend Capital, a multibillion-dollar hedge fund. Previously, he worked as an analyst at Citigroup’s Corporate and Investment Bank.

Both Allen and Waldorf are CFA charterholders and members of the New York Society of Security Analysts.

Richard R. Hough III, Silvercrest’s chairman and CEO, stated that succession planning is part of the company’s long-term strategic vision.

Silvercrest, founded in 2002, provides investment advisory and family office services to wealthy families and institutional investors. The firm reported $35.3 billion in assets under management as of March 31, 2025. Currently trading below its Fair Value according to InvestingPro analysis, the company offers a 4.9% dividend yield and has demonstrated consistent growth with a 5.5% increase in revenue over the last twelve months. Get access to detailed financial analysis and 6 additional ProTips for SAMG through InvestingPro’s comprehensive research reports.

In other recent news, Silvercrest Asset Management Group reported its first-quarter earnings for 2025, revealing a revenue of $31.4 million, which did not meet the forecasted $32.39 million. Additionally, the company’s earnings per share were $0.27, falling short of analysts’ expectations of $0.335. In another development, Silvercrest announced that its Board of Directors has approved a $25 million stock repurchase program. This program allows the company to buy back shares depending on market conditions, although it does not obligate them to repurchase a specific number of shares.

Furthermore, Silvercrest conducted its annual stockholder meeting in New York, where two directors, Richard J. Burns and J. Allen Gray, were elected to the board until the 2028 meeting. An advisory vote on executive compensation was also held, passing with a majority of votes in favor. Stockholders decided to hold future advisory votes on executive compensation annually. These developments reflect the company’s ongoing strategic and governance activities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.