Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Financial Condition

v3.25.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 68,611 $ 70,301
Investments 1,354 219
Receivables, net 12,225 9,526
Furniture, equipment and leasehold improvements, net 7,387 7,422
Goodwill 63,675 63,675
Operating lease assets 16,032 19,612
Finance lease assets 254 330
Intangible assets, net 16,644 18,933
Deferred tax asset 4,220 5,034
Prepaid expenses and other assets 3,085 3,964
Total assets 194,432 199,574
Liabilities and Equity    
Accounts payable and accrued expenses 1,953 1,990
Accrued compensation 39,865 37,371
Borrowings under credit facility   2,719
Operating lease liabilities 22,270 26,277
Finance lease liabilities 262 336
Deferred tax and other liabilities 10,389 9,071
Total liabilities 74,739 77,764
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 56,369 55,809
Treasury stock, at cost, 1,074,279 and 808,455 shares as of December 31, 2024 and 2023, respectively (19,728) (15,057)
Accumulated other comprehensive income (loss) (43) (12)
Retained earnings 43,953 41,851
Total Silvercrest Asset Management Group Inc.’s equity 80,697 82,737
Non-controlling interests 38,996 39,073
Total equity 119,693 121,810
Total liabilities and equity 194,432 199,574
Silvercrest Funds    
Assets    
Due from Silvercrest Funds $ 945 $ 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 $ 104 $ 103
Class B Common Stock    
Equity    
Common stock, value $ 42 $ 43