Silvercrest Asset Management Group LLC Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2019

Intangible Assets Net Excluding Goodwill [Abstract]

Summary of Intangible Assets

The following is a summary of intangible assets as of June 30, 2019 and December 31, 2018:

		Customer Relationships				Other Intangible Assets				Total
Cost
Balance, January 1, 2019		$	22,560			$	2,467			$	25,027
Balance, June 30, 2019			22,560				2,467				25,027
Useful lives			10-20 years				3-5 years
Accumulated amortization
Balance, January 1, 2019			(12,887	)			(2,247	)			(15,134	)
Amortization expense			(615	)			(80	)			(695	)
Balance, June 30, 2019			(13,502	)			(2,327	)			(15,829	)
Net book value		$	9,058			$	140			$	9,198
Cost
Balance, January 1, 2018		$	22,560			$	2,467			$	25,027
Balance, December 31, 2018			22,560				2,467				25,027
Useful lives			10-20 years				3-5 years
Accumulated amortization
Balance, January 1, 2018			(11,367	)			(2,082	)			(13,449	)
Amortization expense			(1,520	)			(165	)			(1,685	)
Balance, December 31, 2018			(12,887	)			(2,247	)			(15,134	)
Net Book Value		$	9,673			$	220			$	9,893

Schedule of Future Amortization Related to Intangible Assets

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

2019 (remainder of)		$	695
2020			1,299
2021			1,196
2022			1,142
2023			983
Thereafter			3,883
Total		$	9,198