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Updated September 28, 2026. Quick answer: Yes, on every account. Silvercrest Asset Management Group is registered with the SEC only as an investment adviser (it is not a broker-dealer), so the Investment Advisers Act of 1940 requires it to act as your fiduciary. Its own Form CRS states: “When we act as your investment adviser, we must act in your best interest and not put our interest ahead of yours.”
How it’s registered
From Silvercrest Asset Management Group LLC Form CRS (March 2026): “We are an investment adviser registered with the Securities and Exchange Commission and are required to deliver this summary to you.”
The standard of conduct, in its own words
“When we act as your investment adviser, we must act in your best interest and not put our interest ahead of yours.”
On commissions: “In addition to a base salary, our financial professionals are compensated based on a non-discretionary bonus formula which considers, among other factors, the amount of assets for which they are responsible, the fees paid by the clients who invest those assets, the length of time the assets have been managed by Silvercrest, and the manner in which those clients were introduced to Silvercrest.”
Fiduciary status by capacity
| Capacity | Registration | Standard you’re owed | Can earn commissions | Source |
|---|---|---|---|---|
| As your investment adviser | SEC-registered investment adviser | Fiduciary duty (Investment Advisers Act of 1940) | No (asset-based advisory fee: $5,000 a year, 1.00% on a $500,000 account) | Silvercrest Asset Management Group LLC Form CRS, March 2026 |
What this means for what you pay
Fiduciary status is one input, not the whole picture. Silvercrest Asset Management Group discloses a published fee that runs $5,000 a year on a $500,000 account; see the full dollar breakdown from Silvercrest Asset Management Group’s own fee disclosure before deciding whether the standard of conduct here changes your answer.
If the answer above changes your mind about staying, read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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- Silvercrest Asset Management Group LLC Form CRS (March 2026): https://reports.adviserinfo.sec.gov/crs/crs_118333.pdf
- SEC Investment Adviser Public Disclosure, Silvercrest Asset Management Group LLC (CRD #118333): https://adviserinfo.sec.gov/firm/summary/118333
- Silvercrest Asset Management Group LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/118333/PDF/118333.pdf
Methodology. This page was built September 28, 2026, quoting directly from Silvercrest Asset Management Group’s own current Form CRS, with the source linked above; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form CRS. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Comparing Silvercrest Asset Management Group against other options? See Silvercrest Asset Management Group alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.
How does this compare? See how 127 advisory firms are registered, from each firm’s own SEC record.