| Summary of Segment Revenue and Significant Expenses |
The following table presents the segment revenue and significant expenses for the years ended December 31, 2025, 2024 and 2023.
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For the year
ended December 31, |
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For the year
ended December 31, |
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For the Year
Ended December 31, |
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2025 |
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2024 |
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2023 |
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Revenue |
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Managed accounts |
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$ |
116,850 |
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$ |
115,246 |
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$ |
108,726 |
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Silvercrest funds |
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3,702 |
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4,070 |
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4,068 |
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Tax and family office services |
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4,418 |
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4,092 |
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4,246 |
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Fund administration |
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349 |
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243 |
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370 |
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Total revenue |
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125,319 |
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123,651 |
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117,410 |
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Expenses |
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Compensation and benefits |
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83,945 |
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76,663 |
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72,619 |
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Occupancy and related |
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7,417 |
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7,121 |
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6,857 |
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General and administrative |
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5,182 |
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4,172 |
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3,453 |
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Professional fees |
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6,345 |
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3,804 |
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2,675 |
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Portfolio and systems expense |
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6,556 |
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6,553 |
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5,652 |
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Travel |
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2,226 |
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1,765 |
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1,581 |
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Other segment items |
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4,323 |
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5,946 |
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5,754 |
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Total expenses |
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115,994 |
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106,024 |
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98,591 |
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Other income (expense), net |
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Interest expense |
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(141 |
) |
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(144 |
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(421 |
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Interest and other income |
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1,863 |
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2,789 |
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|
1,095 |
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Total other income (expense), net |
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1,722 |
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2,645 |
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|
674 |
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Provision for income taxes |
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2,988 |
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4,563 |
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4,310 |
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Net income |
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$ |
8,059 |
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$ |
15,709 |
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$ |
15,183 |
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