Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Q4 2022 Earnings Call Transcript

And so keeping some of that powder dry is a big reason that we’re — that we weigh against. As you know, it’s also not always easy to buy the stock back that we’d like to. We look quite a bit to work last year. We’ve still got more to go as we’ve revealed in this latest filing. I think, Scott, we’ve got another $5 million?

Scott Gerard: Yeah. About $5.7 million.

Richard Hough: $5.7 million or so in potential buybacks. And as everyone knows, we’ve been transparent about it. We’ve been active in the market. As we work through that we will, again, reassess what we might do on that front for the reasons I stated.

Timothy Call: Thank you.

Richard Hough: You are welcome.

Scott Gerard: Thank you.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Rick Hough for any closing remarks.

End of Q&A:

Richard Hough: Great. Thanks so much for joining us for both the fourth quarter and year-end 2022 results. It’s nice to have a little reprieve in the fourth quarter and continuing on the first quarter this year. I feel quite good about the margins and control of expenses that we were able to maintain throughout 2022, while we also returned very good performance and built our pipelines. Notable was progress in our OCIO business, as I mentioned, and the opportunities we have elsewhere. It was a nice reversal to see and I think really important to keep into context what we’ve been able to do year-over-year, calendar year over calendar year, not just quarter-to-quarter or a distorted quarter compared to another quarter. Feel free to reach out to us at any time. Look forward to talking to you at the end of next quarter. Thanks so much for joining us.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.