Silvercrest Asset Management Group Inc-A 2025年季度报告

Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Statements of Financial Condition as of March 31, 2025 and December 31, 2024 Condensed Consolidated Statements of Operations for the three months ended March 31, 2025and 2024Condensed Consolidated Statements of Changes in Equity for the three months ended March 31, 2025 and 2024Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2024 investigations or litigation, failure of our operational safeguards against breaches in data security, privacy, conflicts of interest oremployee misconduct, our expected tax rate, our expectations with respect to deferred tax assets, adverse economic or marketconditions, adverse effects of management focusing on implementation of a growth strategy, failure to develop and maintain theSilvercrest brand and other factors disclosed under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, InvestmentsReceivables, netDue from Silvercrest FundsFurniture, equipment and leasehold improvements, netGoodwillOperating lease assetsFinance lease assetsIntangible assets, netDeferred tax assetPrepaid expenses and other assetsTotal assetsLiabilities and EquityAccounts payable and accrued expensesAccrued compensationOperating lease liabilitiesFinance lease liabilitiesDeferred tax and other liabilitiesTotal liabilitiesCommitments and Contingencies (Note 9)Preferred Stock, par value $0.01,10,000,000shares authorized;noneissuedand outstandingClass A Common Stock, par value $0.01,50,000,000shares authorized;10,765,114and9,473,772issued and outstanding, respectively, as of March 31, 2025;10,450,559and9,376,280issued and outstanding, respectively, as of December 31,Class B Common Stock, par value $0.01,25,000,000shares authorized;4,081,052and4,373,315issued and outstanding as of March 31, 2025 and December 31, 2024,respectivelyAdditional Paid-In CapitalTreasury stock, at cost,1,291,342and1,074,279shares as of March 31, 2025 andDecember 31, 2024, respectivelyAccumulated other comprehensive income (loss)Retained earningsTotal Silvercrest Asset Management Group Inc.’s equityNon-controlling interestsTotal equityTotal liabilities and equitySee accompanying notes to condensed consolidated financial statements. Income before other (expense) income, net Total other (expense) income, netIncome before provision for income taxesProvision for income taxesNet incomeLess: net income attributable to non-controlling interestsNet income attributable to SilvercrestNet income per shareWeighted average shares outstanding Purchase of shares of Class A common stock of Silvercrest Asset Management Group Inc. Cash and cash equivalents, end of periodSupplemental Disclosures of Cash Flow InformationNet cash paid during the period for:Income taxesSupplemental Disclosures of Non-cash Financing and Investing ActivitiesNotes receivable from new partners issued for capital contributions to Silvercrest L.P.Recognition of deferred tax assets as a result of share conversionsAccrued dividendsPurchase of shares of Class A common stock excise tax accrualSee accompanying notes to condensed consolidated financial statements. As of March 31, 2025 and December 31, 2024 and for the three months ended March 31, 2025 and 2024(Dollars in thousands, except per share and par value data and as otherwise indicated)1. ORGANIZATION AND BUSINESSSilvercrest Asset Management Group Inc. (“Silvercrest”), together with its consolidated subsidiary, Silvercrest L.P., a limitedpartnership, (collectively the “Company”), was formed as a Delaware corporation on July 11, 2011. Silvercrest is a holding companythat was formed in order to carry on the business of Silvercrest L.P., the managing member of our operating subsidiary, and itssubsidiaries. Effective on June 26, 2013, Silvercrest became the sole general partner of Silvercrest L.P., and its only material asset isthe general partner interest in Silvercrest L.P., represented by9,473,772Class A units or approximately70.1% of the outstandinginterests of Silvercrest L.P. Silvercrest controls all of the businesses and affairs of Silvercrest L.P. and, through Silvercrest L.P. and itssubsidiaries, continues to conduct the business previously conducted by these entities prior to the reorganization.Silvercrest L.P., together with its consolidated subsidiaries (collectively “SLP”), provides investment management and family officeservices to individuals and families and their trusts, and to endowments, foundations and other institutional investors primarily locatedin the United States of America. The business includes the management of funds of funds and other investment funds, collectively Silvercrest L.P. was formed on December 10, 2008 and commenced operations on January 1, 2009.On March 11, 2004, Silvercrest Asset Management Group LLC (“SAMG LLC”) acquired100% of the outstanding shares of James C.Edwards Asset Management, Inc. (“JCE”) and subsequently changed JCE