No commissions, no ads, no advice. This Silvercrest Asset Management profile draws only on public records, each linked so you can confirm it yourself.

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The short answer: is Silvercrest Asset Management a fiduciary?

Yes. Silvercrest Asset Management is a fiduciary. As a fee-only registered investment adviser, it owes you a duty to act in your interest for the whole advisory relationship, and it isn't a broker-dealer. Silvercrest Asset Management is an SEC-registered investment adviser (CRD #118333). According to its latest Form ADV (2026), it reported $28.3 billion in regulatory assets under management across 1,205 clients. Those figures are as of the filing date, March 31, 2026; we last checked the record on October 5, 2026, separately from that as-of date. Because it's fee-only, it's paid by clients and earns no commissions on products. Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management, fixed fees, and performance-based fees. All of it sits on the public record, and confirming it for yourself takes only a few minutes.

Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer, so the adviser's fiduciary standard is the one that applies to its advice. Get started with Truthifi

What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)

Silvercrest Asset Management at a glance

✅ Verified from public filings, last checked October 5, 2026. Silvercrest Asset Management (SEC CRD #118333) is a fiduciary for the whole advisory relationship, on a fee-only basis, with $28.3 billion in regulatory assets under management as of its Form ADV dated March 31, 2026. Every figure below links to its primary source.

What	Silvercrest Asset Management	Source
SEC CRD	#118333	IAPD
Registration	Registered investment adviser (RIA), not a broker-dealer	IAPD
Registered since	March 19, 2002 (SEC)	IAPD
Fiduciary?	Yes, for the whole advisory relationship (fee-only RIA)	SEC adviser standard
Fee model	Fee-only	Form ADV Item 5.E
How it's paid	A percentage of assets under management, fixed fees, and performance-based fees	Form ADV Item 5.E
Regulatory Assets Under Management	$28.3 billion (Form ADV filed March 31, 2026)	IAPD
Client accounts	1,205 (1,185 discretionary)	IAPD
Employees	175 (92 in advisory roles)	IAPD
Ownership	Silvercrest L.P. (direct owner; indirect owners in Schedule B)	Form ADV Schedule A
Disclosures	Form ADV answers No to firm-level disciplinary questions	IAPD
HQ	New York, NY	IAPD

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Silvercrest Asset Management fees: what you'll pay

Silvercrest Asset Management is fee-only. According to its Form ADV (Item 5.E), it's paid through a percentage of assets under management, fixed fees, and performance-based fees, with no commissions. That structure removes commission conflicts, though not every conflict. A performance-based fee can reward an adviser for taking more risk, so ask which accounts it applies to and how it's calculated. Fee-only doesn't automatically mean low-cost. It means the cost is the advisory fee, stated plainly, and the schedule itself sits in its Form ADV Part 2A. (Are you paying too much? Why that might be the wrong question)

Fee-only means the firm is paid only by its clients, never by commissions on the products it recommends. (Fee-only financial advisor: costs and how to find one)

Who owns Silvercrest Asset Management, and what conflicts does it disclose?

Silvercrest Asset Management is owned by Silvercrest L.P., as listed in Schedule A of its Form ADV. (Form ADV Schedule A) Schedule A names direct owners only. Whoever controls Silvercrest L.P. in turn is reported as an indirect owner in Schedule B, which this profile doesn't summarize, so read that schedule on IAPD for the full chain of control.

Its Form ADV Part 2A is where the firm describes its conflicts of interest in full. Three are worth raising from the filing data alone. First, performance-based fees can pull against a client's risk tolerance. Second, the firm manages 7 investment companies and 3 pooled vehicles alongside individual accounts, which can raise questions about how trades and opportunities are allocated between them. Third, it reports selecting other advisers, so ask whether any of them are affiliated or pay it.

Our view: for this firm, the performance-fee terms are the most useful thing to get in writing before you sign, ahead of any review score.

Silvercrest Asset Management SEC record: disclosures

On its Form ADV, Silvercrest Asset Management answers No to the firm-level disciplinary-history questions. You can confirm that on IAPD. That answer covers the firm, not its people: individual advisers can have their own records, so look up the specific adviser you'd work with on IAPD and FINRA BrokerCheck too.

On the record, the firm has been registered with the SEC since March 19, 2002, makes notice filings in 39 jurisdictions, and reports 175 employees, 92 of them (about 53%) in investment advisory roles. More than two decades of continuous SEC registration and a clean firm-level answer establish that it's a real, regulated adviser. Whether it's right for you is a separate question, and the fee and conflict sections answer more of it than registration does.

Reading Silvercrest Asset Management reviews against the public record

Star ratings and client comments describe what working with a firm felt like. They usually don't show what the firm reports to regulators. Before you weigh Silvercrest Asset Management reviews, check three things this profile takes from the public record. First, how the firm is paid: it reports being paid only by its clients and takes no commissions, which makes it fee-only. Second, who owns it and what conflicts it discloses. Third, whether its Form ADV reports any disciplinary history. Read reviews alongside the record, not instead of it.

How to verify Silvercrest Asset Management yourself

Here's how to confirm all of it in three steps:

1. Check the SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/118333.
2. Read the filings (Form ADV / Form CRS): linked from the IAPD page.
3. Confirm the entity: match Silvercrest Asset Management (CRD #118333, legal name SILVERCREST ASSET MANAGEMENT GROUP LLC) so you're reading the right firm.

What Silvercrest Asset Management does and who it serves

On its Form ADV, Silvercrest Asset Management reports providing financial planning, portfolio management for individuals and small businesses, portfolio management (pooled vehicles), portfolio management for businesses and institutions, and selection of other advisers.

It reports providing financial planning to 26 to 50 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.

Its Form ADV (Item 5.D) breaks its clients down by type, about 1,205 in all:

Client type	Clients	Assets managed
High-net-worth individuals	1,081	$18.93 billion
Investment companies	7	$3.11 billion
Pooled investment vehicles	3	$106 million
Pension and profit-sharing plans	26	$3.16 billion
Charities	50	$1.31 billion
State or municipal government entities	11	$907.1 million
Insurance companies	3	$267.5 million
Corporations or other businesses	24	$526.3 million

It reports 1,205 client accounts, 1,185 discretionary (the firm can trade without seeking your approval first) and 20 non-discretionary (Item 5.F). Its main office is in New York, NY.

The mix says more than the totals. High-net-worth individuals make up about 90% of clients and roughly 67% of assets ($18.93 billion of $28.3 billion). Financial planning reaches only 26 to 50 of those 1,205 clients, so portfolio management is the core business; if you want a planning-led relationship, ask about it directly. And with about 98% of accounts discretionary, most clients hand the firm trading authority, which makes the performance-fee and custody disclosures matter more than they would for an advice-only planner.

It reports that it or a related person has custody of certain client assets, which brings extra safeguards such as surprise examinations. The specifics are in its Form ADV.

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The hard part isn't checking the firm. It's seeing your whole financial life.

Confirming Silvercrest Asset Management is registered takes a few minutes. Seeing how its fees and holdings fit with the rest of your money is harder, because an advisor is limited by what they can see. An old IRA, a spouse's portfolio and fees buried below a standard statement often sit outside that view. This is where Truthifi comes in.

How Truthifi can help

Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. You can share the accounts you choose with your advisor at Silvercrest Asset Management.

Prefer your own AI? A paid Truthifi plan lets you connect an AI assistant that supports MCP sign-in, such as Claude. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Questions about your fees need Monitoring or Monitoring Plus+.

Ask AI about your Silvercrest Asset Management accounts

Once your accounts are connected read-only, you can ask in plain English:

• "What do I own across my Silvercrest Asset Management accounts and everything else, and how is it allocated?"
• "What am I paying in fees across all of these accounts, including any performance-based fees?"

Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).

No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Link up to 10 connections, per Truthifi platform data on its published plan limits. Plans and limits are on the pricing page → truthifi.com.

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FAQ

Is Silvercrest Asset Management a fiduciary? Yes. It's a registered investment adviser (CRD #118333), so it owes a fiduciary duty when it advises you. Its Form ADV doesn't report a broker-dealer registration or a related broker-dealer.

Is Silvercrest Asset Management fee-only? Its Form ADV (Item 5.E) doesn't report commissions as compensation. It's paid by clients through a percentage of assets under management, fixed fees and performance-based fees. The fee schedule is in its Form ADV Part 2A.

Who owns Silvercrest Asset Management? Schedule A of its Form ADV lists Silvercrest L.P. as the direct owner. Indirect owners, meaning whoever controls Silvercrest L.P., are reported in Schedule B, so check that schedule on IAPD for the full chain of control.

Does Silvercrest Asset Management have complaints or disclosures? Its Form ADV answers No to the firm-level disciplinary-history questions. Individual advisers can have their own records on IAPD and BrokerCheck.

Is Silvercrest Asset Management legit? Silvercrest Asset Management is registered with the SEC (CRD #118333) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.

Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

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About this profile

Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.

Read next from the Truthifi blog

• Fee-only financial advisor: costs and how to find one
• What is a fiduciary?
• Are you paying too much? Why that might be the wrong question
• How to ask AI about your real investment accounts
• Robo-advisor vs. human financial advisor: which is better?
• All advisor fact packs on Truthifi

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A note on sources. The facts on this page come from publicly available documents, Silvercrest Asset Management's SEC filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Silvercrest Asset Management. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.

One last thought: a Form ADV shows the fee methods a firm may use, not the blend you end up paying. With performance-based fees on the menu, that blend can change from year to year, so the number worth tracking is the one on your own statements. See how Truthifi keeps your accounts secure