# Silvercrest Expects Expansion Initiatives to Add Revenue in 2027 By John Kim Canonical URL: https://www.tokenpost.com/news/business/44967 Published: 2026-10-30T17:48:35.000Z Updated: 2026-10-30T17:48:35.000Z Section: Business > Discretionary AUM ended the third quarter at $23.8 billion after weaker markets pressured the total. Net flows were essentially flat at $58.3 million. Silvercrest Asset Management Group ended the third quarter with $23.8 billion in discretionary assets under management, as weaker markets weighed on the total while management expects expansion initiatives to start adding revenue in 2027. Discretionary AUM fell primarily because of weaker markets. Net flows were essentially flat at $58.3 million. Management expects completed office, fund and licensing initiatives to begin contributing revenue in 2027. It separately expects related administrative and legal costs to decline. Silvercrest CEO, President and Chairman Richard Hough said the company continued its strategic initiatives during the quarter. “We continue to progress with the plan we have described over the past 2 years,” Hough said. The outlook adds an expansion focus to Silvercrest’s [third-quarter results](). ## Links in this article - [third-quarter results](https://www.tokenpost.com/news/business/44297)