v3.25.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Summary of Segment Revenue and Significant Expenses

The following table presents the segment revenue and significant expenses for the three months ended March 31, 2025.

 

For the Three Months
Ended March 31,

 

 

2025

 

Revenue

 

 

 

Managed accounts

 

$

29,341

 

Silvercrest funds

 

 

927

 

Tax and family office services

 

 

1,052

 

Fund administration

 

 

72

 

Total revenue

 

 

31,392

 

Expenses

 

 

 

Compensation and benefits

 

 

18,881

 

Occupancy and related

 

 

1,798

 

General and administrative

 

 

897

 

Professional fees

 

 

1,312

 

Portfolio and systems expense

 

 

1,722

 

Travel

 

 

435

 

Other segment items

 

 

1,510

 

Total expenses

 

 

26,555

 

Other income (expense), net

 

 

 

Interest expense

 

 

(15

)

Interest and other income

 

 

280

 

Total other income (expense), net

 

 

265

 

 

 

 

 

Provision for income taxes

 

 

1,174

 

 

 

 

 

Net income

 

$

3,928