Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Financial Condition

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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 70,301 $ 77,432
Investments 219 146
Receivables, net 9,526 9,118
Furniture, equipment and leasehold improvements, net 7,422 5,021
Goodwill 63,675 63,675
Operating lease assets 19,612 23,653
Finance lease assets 330 342
Intangible assets, net 18,933 21,349
Deferred tax asset—tax receivable agreement 5,034 6,915
Prepaid expenses and other assets 3,964 4,447
Total assets 199,574 212,675
Liabilities and Equity    
Accounts payable and accrued expenses 1,990 1,704
Accrued compensation 37,371 39,734
Borrowings under credit facility 2,719 6,337
Operating lease liabilities 26,277 29,552
Finance lease liabilities 336 344
Deferred tax and other liabilities 9,071 9,172
Total liabilities 77,764 86,843
Commitments and Contingencies (Note 10)
Equity    
Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued and outstanding
Additional Paid-In Capital 55,809 53,982
Treasury stock, at cost, 808,455 and 508,782 shares as of December 31, 2023 and 2022, respectively (15,057) (9,295)
Accumulated other comprehensive income (loss) (12)  
Retained earnings 41,851 39,761
Total Silvercrest Asset Management Group Inc.’s equity 82,737 84,593
Non-controlling interests 39,073 41,239
Total equity 121,810 125,832
Total liabilities and equity 199,574 212,675
Silvercrest Funds    
Assets    
Due from Silvercrest Funds $ 558 $ 577
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Class A Common Stock    
Equity    
Common stock, value $ 103 $ 101
Class B Common Stock    
Equity    
Common stock, value $ 43 $ 44