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GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS.

Goodwill and intangible assets consist of the following:


(in millions)	6/30/2022		12/31/2021
Goodwill	$	2,652.4	$	2,693.2
Indefinite-lived intangible assets - trade name	134.7		134.7
Indefinite-lived intangible assets - investment advisory agreements	164.8		164.8
Definite-lived intangible assets - investment advisory agreements	559.6		613.9
Total	$	3,511.5	$	3,606.6

Amortization expense for the definite-lived investment advisory agreements intangible assets was $27.2 million and $54.3 million for the three- and six- months ended June 30, 2022, respectively. Estimated amortization expense for the definite-lived investment advisory agreements intangible assets for the remainder of 2022 is $54.3 million, $108.1 million for 2023, $105.6 million for 2024, $105.0 million for 2025, and $87.7 million for 2026.

Goodwill activity during the three- and six- months ended June 30, 2022 was as follows:


(in millions)	Three Months Ended 6/30/2022		Six Months Ended 6/30/2022
Balance at beginning of period	$	2,643.9	$	2,693.2
Measurement period adjustment	8.5		(40.8)
Balance, June 30, 2022	$	2,652.4	$	2,652.4

We evaluate the carrying amount of goodwill for possible impairment on an annual basis in the fourth quarter using a fair value approach or if triggering events occur that require us to evaluate for impairment earlier.