Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Financial Condition (Unaudited)

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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 49,947 $ 70,301
Investments 219 219
Receivables, net 11,466 9,526
Furniture, equipment and leasehold improvements, net 7,511 7,422
Goodwill 63,675 63,675
Operating lease assets 17,369 19,612
Finance lease assets 265 330
Intangible assets, net 17,788 18,933
Deferred tax asset—tax receivable agreement 4,488 5,034
Prepaid expenses and other assets 4,005 3,964
Total assets 177,585 199,574
Liabilities and Equity    
Accounts payable and accrued expenses 2,434 1,990
Accrued compensation 18,212 37,371
Borrowings under credit facility   2,719
Operating lease liabilities 23,886 26,277
Finance lease liabilities 273 336
Deferred tax and other liabilities 9,275 9,071
Total liabilities 54,080 77,764
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding, as of June 30, 2024 and December 31, 2023
Additional Paid-In Capital 56,375 55,809
Treasury Stock, at cost, 808,455 shares as of June 30, 2024 and December 31, 2023 (15,057) (15,057)
Accumulated other comprehensive income (loss) (28) (12)
Retained earnings 43,888 41,851
Total Silvercrest Asset Management Group Inc.’s equity 85,324 82,737
Non-controlling interests 38,181 39,073
Total equity 123,505 121,810
Total liabilities and equity 177,585 199,574
Silvercrest Funds    
Assets    
Due from Silvercrest Funds $ 852 $ 558
Other Receivable, after Allowance for Credit Loss, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Class A Common Stock    
Equity    
Common stock, value $ 103 $ 103
Class B Common Stock    
Equity    
Common stock, value $ 43 $ 43