| Summary of Segment Revenue and Significant Expenses |
The following table presents the segment revenue and significant expenses for the three months ended June 30, 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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2025 |
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2025 |
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Revenue |
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Managed accounts |
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$ |
28,605 |
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$ |
57,946 |
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Silvercrest funds |
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911 |
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1,837 |
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Tax and family office services |
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|
1,078 |
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|
2,130 |
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Fund administration |
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|
79 |
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|
152 |
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Total revenue |
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30,673 |
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|
|
62,065 |
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Expenses |
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Compensation and benefits |
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18,805 |
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37,686 |
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Occupancy and related |
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1,859 |
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3,657 |
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General and administrative |
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1,232 |
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2,129 |
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Professional fees |
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1,128 |
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2,446 |
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Portfolio and systems expense |
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1,538 |
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|
3,255 |
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Travel |
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|
540 |
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|
975 |
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Other segment items |
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1,530 |
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|
3,039 |
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Total expenses |
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26,632 |
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53,187 |
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Other income (expense), net |
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Interest expense |
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(15 |
) |
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(30 |
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Interest and other income |
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183 |
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|
463 |
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Total other income (expense), net |
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|
168 |
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|
433 |
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Provision for income taxes |
|
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1,060 |
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|
2,234 |
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Net income |
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$ |
3,149 |
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$ |
7,077 |
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