NEW YORK, Sept. 30, 2013 /PRNewswire/ -- Silvercrest Asset Management Group Inc. ("Silvercrest") (Nasdaq: SAMG) today announced the Company has been added to the Russell 2000 Index effective Monday, September 30 after the close of the equities markets. This is in accordance with Russell's systematic process of adding initial public offerings (IPOs) to the Russell Indexes on a quarterly basis. Silvercrest completed its IPO on June 27, 2013.
G. Moffett Cochran, Chairman and Chief Executive Officer, commented, "Inclusion in the Russell 2000 is almost certain to enhance Silvercrest's profile among institutional and other investors. We believe our commitment to deliver exceptional service and results to the Company's growing client base will also serve to reward our shareholders."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Approximately $4.1 trillion in assets currently are benchmarked to them. Russell calculates more than 80,000 benchmarks daily covering approximately 98 percent of the investable market globally, more than 80 countries and 10,000 securities.
Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.
About Silvercrest Asset Management
Silvercrest Asset Management Group was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Los Angeles, Boston and Charlottesville, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of June 30, 2013, the firm reported assets under management of $13.9 billion. For more information, please visit
This release contains "forward-looking statements," within the meaning of federal securities laws, which include information concerning one or more of Silvercrest's plans, objectives, goals, strategies, and other information that is not historical information. In some cases, you can identify these statements by forward-looking words such as "may", "might", "will", "should", "expects", "intends", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue", the negative of these terms and other comparable terminology.. All forward looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that Silvercrest will realize these expectations or that these beliefs will prove correct. Numerous factors, risks and uncertainties, many of which are beyond Silvercrest's control, could cause actual results to differ materially from those expressed as forward-looking statements. Additional information concerning these risks and uncertainties are discussed in Silvercrest's filings with the Securities and Exchange Commission, including without limitation, under "Risk Factors" in Silvercrest's prospectus dated June 26, 2013, filed with the Securities and Exchange Commission (the "SEC") in accordance with Rule 424(b) of the Securities Act of 1933, which is accessible on the SEC's website at www.sec.gov. Any forward-looking statement speaks only as of the date on which it is made, and Silvercrest undertakes no obligation to update any forward-looking statements for any reason, including to reflect events or circumstances after the date on which such statements are made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
SOURCE Silvercrest Asset Management Group