| 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, 2026 and 2025.
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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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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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$ |
30,687 |
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$ |
29,135 |
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$ |
88,777 |
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$ |
87,081 |
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Silvercrest funds |
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888 |
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932 |
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2,725 |
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2,769 |
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Tax and family office services |
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1,069 |
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1,098 |
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3,202 |
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3,229 |
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Fund administration |
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65 |
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130 |
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194 |
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281 |
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Total revenue |
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32,709 |
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31,295 |
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94,898 |
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93,360 |
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Expenses |
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Compensation and benefits |
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21,258 |
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21,714 |
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62,887 |
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59,400 |
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Occupancy and related |
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2,013 |
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1,927 |
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5,944 |
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5,583 |
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General and administrative |
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1,210 |
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999 |
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3,250 |
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3,128 |
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Professional fees |
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1,711 |
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1,600 |
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5,740 |
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4,045 |
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Portfolio and systems expense |
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2,005 |
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1,651 |
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5,761 |
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4,906 |
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Travel |
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1,023 |
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529 |
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2,463 |
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1,504 |
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Other segment items |
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1,608 |
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1,544 |
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4,752 |
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4,585 |
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Total expenses |
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30,828 |
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29,964 |
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90,797 |
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83,151 |
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Other income (expense), net |
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Interest expense |
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(179 |
) |
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(15 |
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(558 |
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(45 |
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Interest and other income |
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137 |
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164 |
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276 |
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627 |
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Unrealized gain (loss) on investments |
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11 |
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— |
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98 |
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— |
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Total other income (expense), net |
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(31 |
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149 |
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(184 |
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582 |
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Provision for income taxes |
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647 |
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391 |
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1,712 |
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2,625 |
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Net income |
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$ |
1,203 |
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$ |
1,089 |
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$ |
2,205 |
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$ |
8,166 |
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