PGA Director of Instruction at The Club of Vinaterra in New Kent, VA Wins $15,000 First Place Prize, Outdueling 54 PGA Professionals from Across the Region in an Event Sponsored by Silvercrest Asset Management Group to Reward Playing Excellence and Support Local Foundations
Editors: Images, courtesy of the Middle Atlantic PGA Section, can be found here.
Stafford, Va. (October 13, 2023) — Josh Speight, PGA Director of Instruction at The Club of Vinaterra in New Kent, Va., captured the inaugural Silvercrest Cup on October 12th, at Hermitage Country Club in Richmond, Va. The event was the culmination of a season-long tournament series that featured four qualifying events throughout the region for Middle Atlantic PGA Professionals.
In winning the Silvercrest Cup, Speight earned a $15,000 prize check, which is one of the most lucrative winner’s checks on the Section’s tournament calendar. In addition to the final purse, each qualifying event included a bonus pool of $5,000, which was shared between each qualifier’s champion and the runner-up. In total, more than 54 MAPGA Professionals participated in the series and competed for $50,000 in total prize money.
The Middle Atlantic PGA Section (MAPGA), one of the PGA of America’s forty-one geographical managing entities, and Silvercrest Asset Management Group, an investment advisor providing asset management and family office services to high net-worth individuals and select institutional investors, partnered in early 2023 to create the Silvercrest Cup. In addition to rewarding the playing excellence of Middle Atlantic PGA Professionals and top amateurs, the series also provided significant donations to local foundations, including the Middle Atlantic PGA Section’s 501(c)(3) charitable foundation, PGA REACH Middle Atlantic.
“The inaugural Silvercrest Cup was a tremendous success in 2023, and we were excited to add this prestigious tournament series to the Middle Atlantic PGA Section lineup of professional golf events,” said Jon Guhl, Executive Director, Middle Atlantic PGA Section. “In addition to congratulating Josh on his victory, we extend our appreciation to Silvercrest Asset Management Group for the opportunities they have provided to our PGA Professionals and Foundations. Silvercrest values and appreciates the dedication and hard work of our PGA Members, which is evident in their investment which not only benefits the players but also our charitable endeavors for the MAPGA.”
Silvercrest Chairman and CEO Richard R. Hough III said, “Silvercrest Asset Management Group believes in giving back to the communities we live and work in. It is extremely rewarding to recognize and assist those who share our beliefs. PGA Professionals share the same attributes for success and giving back that Silvercrest believes in.” He continued, “Their dedication to the game of golf and the members of the clubs they unselfishly serve is unmatched in any other sport.”
In addition to the Silvercrest Cup at Hermitage Country Club, the 2023 line-up of events included:
May 8-9 MAPGA Match Play at Suburban Golf Club in Baltimore, Md.; June 12 MAPGA Stroke Play #1 at Fawn Lake Country Club in Fredericksburg, Va.; August 15 MAPGA Stroke Play #2 at River Creek Club in Leesburg, Va.; and September 18-20 MAPGA Section Professional Championship at Baltimore Country Club in Timonium, Md.
The 54 MAPGA Professionals who participated in the tournament series earned their place in the 2023 Silvercrest Cup final via a points system drawn from their performance in each qualifying event; the top five amateurs from the Virginia State Golf Association (VSGA) and Maryland State Golf Association (MSGA) player of the year lists also competed in the series. For more information visit: www.mapga.com.
About Silvercrest Asset Management Group
Silvercrest Asset Management Group was founded in April 2002 by a group of highly experienced investment professionals with the goal of creating a firm dedicated to serving individuals, families, and select institutions with significant financial assets. Since its inception, Silvercrest has nurtured an entrepreneurial, collegial, and action-oriented business culture with a client-first ethos that has led to a 98% client retention rate. Our dedication to serving our clients’ needs and providing institutional quality asset management capabilities to the marketplace has allowed Silvercrest to prosper and grow. Over the past twenty years, we’ve grown to a diverse organization with over 150 employees from various backgrounds in offices around the country, and today, we manage over $20 billion dollars in assets on behalf of our clients.
About the Middle Atlantic PGA Section
The Middle Atlantic PGA Section (MAPGA), located in Stafford, Virginia, is one of forty-one Sections of The Professional Golfers’ Association of America (PGA), headquartered in Frisco, Texas. The MAPGA has been a part of The PGA since 1925 and consists of over 1,100 members and apprentices in Maryland, Virginia, the District of Columbia, and small portions of Pennsylvania and West Virginia. Over 900,000 golfers play more than 16.5 million rounds of golf a season in the Middle Atlantic region. As player development remains a driving force in the golf industry, the MAPGA provides a wide variety of programs and assistance to support its members who teach the game, promote goodwill, and share the game’s values with their golfing customers and communities. MAPGA Professionals assist in raising over $6 million annually for local charities.
Contacts
Ben Smith, Director of Communications, Middle Atlantic PGA Section, bsmith@pgahq.com
Kate Morin, Vice President, Silvercrest Asset Management Group, kmorin@silvercrestgroup.com
