SAMG is a stable company with a solid business model in a difficult industry. Its focus on ultra-high net worth is the best area of the industry. OCIO, Institutional and International give SAMG some nice runways for growth. We believe in management and that SAMG provides a stable dividend distribution that will grow over time. We believe the stock is undervalued.

  • 4.3% forward yield, paying out $0.72 per year. Expecting EPS growth of around 12%.
  • Expanding offerings to include OCIO (Outsourced Chief Investment Officer).
  • Strong free cash conversion, converting 57% of EBITDA to free cash flow.
  • Despite downturn in market, SAMG still has strong AUM growth of 28% since its inception in 2003.