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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of activity in goodwill
A summary of the activity impacting goodwill is presented below (in thousands):
Balance at December 31, 2023$1,856,648 
Goodwill acquired333,205 
Purchase accounting adjustments(16,980)
Balance at December 31, 20242,172,873 
Goodwill acquired
497,885 
Purchase accounting adjustments
(26,035)
Balance at December 31, 2025$2,644,723 
Components of intangible assets
The components of other intangibles, net were as follows at December 31, 2025 (thousands):
Weighted-Average Life 
Remaining
(in years)		Gross
 Carrying 
Value		 Accumulated AmortizationNet
 Carrying 
Value
Definite-lived intangibles, net(1):
    
Advisor and institution relationships
13.6$3,350,706 $(859,100)$2,491,606 
Client relationships
12.3909,868 (143,039)766,829 
Trade name
15.626,000 (677)25,323 
Technology3.020,930 (15,443)5,487 
Product sponsor relationships1.2234,086 (232,362)1,724 
Total definite-lived intangible assets, net $4,541,590 $(1,250,621)$3,290,969 
Other indefinite-lived intangibles:    
Trademark and trade name   39,819 
Total other intangibles, net   $3,330,788 
____________________
(1)    During the year ended December 31, 2025, the Company completed various acquisitions. See Note 4 - Acquisitions, for additional information.
The components of other intangibles, net were as follows at December 31, 2024 (thousands):
Weighted-Average Life 
Remaining
(in years)		Gross
 Carrying 
Value		 Accumulated AmortizationNet
 Carrying 
Value
Definite-lived intangibles, net(1):
    
Advisor and institution relationships
13.4$1,626,281 $(699,385)$926,896 
Client relationships
12.7581,519 (86,292)495,227 
Product sponsor relationships1.3234,086 (220,880)13,206 
Technology7.620,930 (13,090)7,840 
Total definite-lived intangibles, net $2,462,816 $(1,019,647)$1,443,169 
Other indefinite-lived intangibles:    
Trademark and trade name   39,819 
Total other intangibles, net   $1,482,988 
____________________
(1)During the year ended December 31, 2024, the Company completed various acquisitions. See Note 4 - Acquisitions, for additional information.
Amortization expense
Future amortization is estimated as follows (in thousands):
2026 $260,211 
2027256,453 
2028254,756 
2029247,915 
2030245,920 
Thereafter2,025,714 
Total$3,290,969