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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Carrying Amount of Goodwill and Intangible Assets | The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):
|  | December 31, 2023 |  |  | Adjustments |  |  | Write-off |  |  | December 31, 2024 |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 335,009 |  |  | $ | — |  |  | $ | — |  |  | $ | 335,009 |
Institutional Group |  |  | 1,053,234 |  |  |  | 6,975 |  |  |  |  |  |  | 1,060,209 |
|  | $ | 1,388,243 |  |  | $ | 6,975 |  |  | $ | — |  |  | $ | 1,395,218 |
|  | December 31, 2023 |  |  | Adjustments |  |  | Amortization |  |  | December 31, 2024 |
Intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 28,687 |  |  | $ | — |  |  | $ | (4,302 | ) |  | $ | 24,385 |
Institutional Group |  |  | 104,592 |  |  |  | 3,863 |  |  |  | (19,266 | ) |  |  | 89,189 |
|  | $ | 133,279 |  |  | $ | 3,863 |  |  | $ | (23,568 | ) |  | $ | 113,574 |
Intangible Assets | Intangible assets as of December 31, 2024 and 2023, were as follows (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Gross Carrying Value |  |  | Accumulated Amortization |
Customer relationships |  | $ | 208,601 |  |  | $ | 115,919 |  |  | $ | 208,063 |  |  | $ | 103,548 |
Trade names |  |  | 29,109 |  |  |  | 22,210 |  |  |  | 28,258 |  |  |  | 20,265 |
Acquired technology |  |  | 19,903 |  |  |  | 9,158 |  |  |  | 18,314 |  |  |  | 3,447 |
Non-compete agreements |  |  | 10,152 |  |  |  | 8,559 |  |  |  | 9,825 |  |  |  | 7,546 |
Investment banking backlog |  |  | 8,913 |  |  |  | 7,327 |  |  |  | 8,913 |  |  |  | 5,758 |
Core deposits |  |  | 8,615 |  |  |  | 8,546 |  |  |  | 8,615 |  |  |  | 8,145 |
|  | $ | 285,293 |  |  | $ | 171,719 |  |  | $ | 281,988 |  |  | $ | 148,709 |
Amortization Expense in Future Periods | As of December 31, 2024, we expect amortization expense in future periods to be as follows (in thousands):
Fiscal year |  |  |
2025 |  | $ | 21,563 |
2026 |  |  | 17,458 |
2027 |  |  | 13,698 |
2028 |  |  | 12,653 |
2029 |  |  | 11,532 |
Thereafter |  |  | 34,552 |
|  | $ | 111,456 |

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