| Summary of Segment Revenue and Significant Expenses |
The following table presents the segment revenue and significant expenses for the three and nine months ended September 30, 2025 and 2024.
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For the Three Months
Ended September 30, |
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For the Three Months
Ended September 30, |
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For the Nine Months
Ended September 30, |
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For the Nine Months
Ended September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Revenue |
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Managed accounts |
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$ |
29,135 |
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$ |
28,358 |
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$ |
87,081 |
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$ |
85,411 |
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Silvercrest funds |
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932 |
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1,021 |
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2,769 |
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3,034 |
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Tax and family office services |
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1,098 |
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1,025 |
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3,229 |
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3,062 |
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Fund administration |
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130 |
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20 |
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281 |
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182 |
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Total revenue |
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31,295 |
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30,424 |
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93,360 |
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91,689 |
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Expenses |
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Compensation and benefits |
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21,714 |
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18,598 |
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59,400 |
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54,760 |
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Occupancy and related |
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1,927 |
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1,795 |
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5,583 |
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5,330 |
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General and administrative |
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999 |
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1,243 |
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3,128 |
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3,029 |
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Professional fees |
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1,600 |
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705 |
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4,045 |
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2,646 |
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Portfolio and systems expense |
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1,651 |
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1,684 |
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4,906 |
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4,616 |
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Travel |
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529 |
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437 |
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1,504 |
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1,166 |
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Other segment items |
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1,544 |
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1,505 |
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4,585 |
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4,472 |
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Total expenses |
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29,964 |
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25,967 |
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83,151 |
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76,019 |
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Other income (expense), net |
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Interest expense |
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(15 |
) |
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(15 |
) |
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(45 |
) |
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(95 |
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Interest and other income |
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164 |
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384 |
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627 |
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1,035 |
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Total other income (expense), net |
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149 |
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369 |
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582 |
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940 |
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Provision for income taxes |
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391 |
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1,096 |
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2,625 |
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3,585 |
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Net income |
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$ |
1,089 |
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$ |
3,730 |
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$ |
8,166 |
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$ |
13,025 |
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