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

Summary of Significant Accounting Policies (Tables)

v3.25.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Summary of Segment Revenue and Significant Expenses

The following table presents the segment revenue and significant expenses for the year ended December 31, 2024.

 

 

For the year
ended December 31,

 

 

2024

 

Revenue

 

 

 

Managed accounts

 

$

115,246

 

Silvercrest funds

 

 

4,070

 

Tax and family office services

 

 

4,092

 

Fund administration

 

 

243

 

Total revenue

 

 

123,651

 

Expenses

 

 

 

Compensation and benefits

 

 

76,663

 

Occupancy and related

 

 

7,121

 

General and administrative

 

 

4,172

 

Professional fees

 

 

3,804

 

Portfolio and systems expense

 

 

6,553

 

Travel

 

 

1,765

 

Other segment items

 

 

5,946

 

Total expenses

 

 

106,024

 

Other income (expense), net

 

 

 

Interest expense

 

 

(144

)

Interest and other income

 

 

2,789

 

Total other income (expense), net

 

 

2,645

 

 

 

 

 

Provision for income taxes

 

 

4,563

 

 

 

 

 

Net income

 

$

15,709