Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

v3.20.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 62,498 $ 52,832
Investments 914 1,781
Receivables, net 8,341 8,958
Due from Silvercrest Funds 1,018 1,697
Furniture, equipment and leasehold improvements, net 5,523 6,015
Goodwill 63,675 63,675
Operating lease assets 30,068 33,485
Finance lease assets 254 198
Intangible assets, net 26,553 29,286
Deferred tax asset—tax receivable agreement 11,397 13,190
Prepaid expenses and other assets 3,563 3,132
Total assets 213,804 214,249
Liabilities and Equity    
Accounts payable and accrued expenses 18,040 18,527
Accrued compensation 33,849 32,252
Borrowings under credit facility 12,600 16,200
Operating lease liabilities 36,127 39,848
Finance lease liabilities 259 196
Deferred tax and other liabilities 9,530 9,419
Total liabilities 110,405 116,442
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding
Additional Paid-In Capital 51,039 49,246
Retained earnings 19,498 15,648
Total Silvercrest Asset Management Group Inc.’s equity 70,679 65,036
Non-controlling interests 32,720 32,771
Total equity 103,399 97,807
Total liabilities and equity 213,804 214,249
Class A Common Stock    
Equity    
Common stock, value 96 93
Total equity 96 93
Class B Common Stock    
Equity    
Common stock, value 46 49
Total equity $ 46 $ 49