Silvercrest Asset Management Group LLC Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Net

Intangible Assets, Net

9 Months Ended

Sep. 30, 2026

Intangible Asset, Excluding Goodwill, after Accumulated Amortization [Abstract]

Intangible Assets, Net

7. INTANGIBLE ASSETS, NET

The following is a summary of intangible assets, net as of September 30, 2026 and December 31, 2025:


	Customer Relationships			Other Intangible Assets			Total
Cost
Balance, January 1, 2026	$	44,060		$	2,461		$	46,521
Balance, September 30, 2026		44,060			2,461			46,521
Useful lives	10-20 years			3-5 years
Accumulated amortization
Balance, January 1, 2026		(29,609	)		(2,461	)		(32,070	)
Amortization expense		(1,374	)		—			(1,374	)
Balance, September 30, 2026		(30,983	)		(2,461	)		(33,444	)
Net book value	$	13,077		$	—		$	13,077
Cost
Balance, January 1, 2025	$	44,060		$	2,461		$	46,521
Balance, September 30, 2025		44,060			2,461			46,521
Useful lives	10-20 years			3-5 years
Accumulated amortization
Balance, January 1, 2025		(27,416	)		(2,461	)		(29,877	)
Amortization expense		(1,645	)		—			(1,645	)
Balance, September 30, 2025		(29,061	)		(2,461	)		(31,522	)
Net Book Value	$	14,999		$	—		$	14,999

Amortization expense related to intangible assets, net was $458 and $548 for the three months ended September 30, 2026 and 2025, respectively. Amortization expense related to intangible assets, net was $1,374 and $1,645 for the nine months ended September 30, 2026 and 2025, respectively.

Amortization related to the Company’s finite life intangible assets is scheduled to be expensed over the next five years and thereafter as follows:


Remainder of 2026	$	458
2027		1,828
2028		1,824
2029		1,820
2030		1,816
Thereafter		5,331
Total	$	13,077