NEW YORK, January 15, 2019—Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the "Company") today announced that Silvercrest Asset Management Group LLC ("Silvercrest") has completed its acquisition of certain assets of Neosho Capital, LLC. ("Neosho"). Located in La Jolla, CA, Neosho is a registered investment adviser which specializes in international investment management, overseeing assets on behalf of institutions and high-net-worth families.
According to Richard R. Hough III, Chairman and CEO of Silvercrest, "Our combination with Neosho brings a high-quality international investment management capability to Silvercrest, which will benefit our high net worth client base and resonate with institutional investors. Our partners are excited about welcoming Neosho’s professionals and clients to Silvercrest. We know both will benefit from our firm’s capabilities and special culture.”
Chris Richey, a founder of Neosho, said, “My partners and I are honored to join forces with the outstanding people of Silvercrest to expand the breadth of their portfolio offerings, as well as to provide a base of operations on the West Coast. Investment management is, at its core, about the work you do for your clients and the professionals you work with, and we believe this is an outstanding combination of people, resources and energy.”
Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser, and as of September 30, 2018, Silvercrest reported $21.7 billion in assets under management on behalf of family and select institutional clients. With offices in New York, Boston, Virginia, New Jersey and California, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors.