Silvercrest Asset Management Group expects to complete its MiFID license application by the end of the third quarter of 2026 [1].
The regulatory milestone allows the U.S.-based firm to market its discretionary investment products to professional and institutional investors across the European Union. This expansion represents a strategic shift to diversify its client base beyond North American markets.
Rick Hough, the chairman and CEO of Silvercrest, said the firm anticipates completing the license by the end of Q3 2026, which will unlock access to European professional investors [1]. The MiFID framework serves as the primary regulatory regime for investment services within the EU.
Alongside the licensing progress, the company reported significant growth in its asset base. Silvercrest's discretionary assets under management have reached $24.7 billion [1]. Hough said this figure reflects strong client demand for the firm's active strategies [2].
Financial results for the second quarter of 2026 further detail the company's current trajectory. Silvercrest reported revenue of $30.8 million for the period [3]. The company's net income for the same quarter was $0.5 million [3].
The firm continues to focus on its institutional pipeline as it prepares for the European entry. By securing the MiFID license, Silvercrest can operate under a standardized set of rules that govern how investment services are provided to clients in the EU, reducing the friction of entering multiple national markets individually.
“We anticipate completing our MiFID license by the end of Q3 2026, which will unlock access to European professional investors.”
The acquisition of a MiFID license is a critical pivot for Silvercrest, transitioning it from a domestic wealth manager to a global player. By tapping into the European institutional market, the firm is attempting to scale its discretionary AUM beyond the U.S. ceiling. The modest net income relative to revenue suggests the firm is currently prioritizing aggressive growth and regulatory infrastructure over immediate profit maximization.
