Silvercrest Asset Management Group LLC Annual report pursuant to section 13 and 15(d)

Intangible Assets

12 Months Ended

Dec. 31, 2013

8. INTANGIBLE ASSETS

The following is a summary of intangible assets as of December 31, 2013 and December 31, 2012:

	Customer Relationships			Other Intangible Assets			Total
Cost
Balance, January 1, 2013	$	15,910		$	1,566		$	17,476
Acquisition of certain assets of Ten-Sixty		1,650			97			1,747
Balance, December 31, 2013		17,560			1,663			19,223
Useful lives		10-20 years			3-5 years
Accumulated amortization
Balance, January 1, 2013		(4,238	)		(875	)		(5,113	)
Amortization expense		(1,172	)		(349	)		(1,521	)
Balance, December 31, 2013		(5,410	)		(1,224	)		(6,634	)
Net book value	$	12,150		$	439		$	12,589
Cost
Balance, January 1, 2012	$	15,910		$	1,566		$	17,476
Balance, December 31, 2012		15,910			1,566			17,476
Useful lives		10-20 years			3-5 years
Accumulated amortization
Balance, January 1, 2012		(3,144	)		(522	)		(3,666	)
Amortization expense		(1,094	)		(353	)		(1,447	)
Balance, December 31, 2012		(4,238	)		(875	)		(5,113	)
Net book value	$	11,672		$	691		$	12,363

Amortization expense related to intangible assets was $1,521 for the year ended December 31, 2013.

Amortization related to the Company’s finite life intangible assets is scheduled to be expensed over the next five years and thereafter as follows: