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

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

The following is a summary of intangible assets as of December 31, 2014 and December 31, 2013:

	Customer Relationships			Other Intangible Assets			Total
Cost
Balance, January 1, 2014	$	17,560		$	1,663		$	19,223
Balance, December 31, 2014		17,560			1,663			19,223
Useful lives		10-20 years			3-5 years
Accumulated amortization
Balance, January 1, 2014		(5,410	)		(1,224	)		(6,634	)
Amortization expense		(1,217	)		(205	)		(1,422	)
Balance, December 31, 2014		(6,627	)		(1,429	)		(8,056	)
Net book value	$	10,933		$	234		$	11,167
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

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