| Summary of Segment Revenue and Significant Expenses |
The following table presents the segment revenue and significant expenses for the three and six months ended June 30, 2026 and 2025.
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For the Three Months
Ended June 30, |
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For the Six Months
Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue |
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Managed accounts |
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$ |
28,732 |
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$ |
28,605 |
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$ |
58,090 |
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$ |
57,946 |
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Silvercrest funds |
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910 |
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911 |
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1,837 |
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1,837 |
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Tax and family office services |
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1,077 |
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1,078 |
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2,133 |
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2,130 |
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Fund administration |
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64 |
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79 |
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129 |
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152 |
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Total revenue |
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30,783 |
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30,673 |
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62,189 |
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62,065 |
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Expenses |
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Compensation and benefits |
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20,485 |
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18,805 |
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41,629 |
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37,686 |
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Occupancy and related |
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1,988 |
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1,859 |
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3,931 |
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3,657 |
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General and administrative |
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1,085 |
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1,232 |
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2,040 |
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2,129 |
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Professional fees |
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1,929 |
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1,128 |
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4,029 |
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2,446 |
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Portfolio and systems expense |
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1,984 |
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1,538 |
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3,756 |
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3,255 |
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Travel |
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742 |
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540 |
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1,440 |
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975 |
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Other segment items |
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1,612 |
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1,530 |
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3,144 |
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3,039 |
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Total expenses |
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29,825 |
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26,632 |
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59,969 |
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53,187 |
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Other income (expense), net |
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Interest expense |
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(190 |
) |
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(15 |
) |
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(379 |
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(30 |
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Interest and other income |
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83 |
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183 |
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139 |
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463 |
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Unrealized gain (loss) on investments |
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166 |
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— |
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87 |
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— |
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Total other income (expense), net |
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59 |
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168 |
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(153 |
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433 |
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Provision for income taxes |
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548 |
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1,060 |
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1,065 |
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2,234 |
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Net income |
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$ |
469 |
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$ |
3,149 |
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$ |
1,002 |
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$ |
7,077 |
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