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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2025
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, 2024 |  |  | Adjustments |  |  | Write-off |  |  | September 30, 2025 |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 335,009 |  |  | $ | 16,699 |  |  | $ | — |  |  | $ | 351,708 |
Institutional Group |  |  | 1,060,209 |  |  |  | 70,425 |  |  |  | — |  |  |  | 1,130,634 |
|  | $ | 1,395,218 |  |  | $ | 87,124 |  |  | $ | — |  |  | $ | 1,482,342 |
|  | December 31, 2024 |  |  | Adjustments |  |  | Amortization |  |  | September 30, 2025 |
Intangible assets |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 24,385 |  |  | $ | 5,807 |  |  | $ | (2,933 | ) |  | $ | 27,259 |
Institutional Group |  |  | 89,189 |  |  |  | 7,599 |  |  |  | (13,666 | ) |  |  | 83,122 |
|  | $ | 113,574 |  |  | $ | 13,406 |  |  | $ | (16,599 | ) |  | $ | 110,381 |
Intangible Assets | Intangible assets as of September 30, 2025 and December 31, 2024 were as follows (in thousands):
|  | September 30, 2025 |  |  | December 31, 2024 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Gross Carrying Value |  |  | Accumulated Amortization |
Customer relationships |  | $ | 222,618 |  |  | $ | 126,088 |  |  | $ | 208,601 |  |  | $ | 115,919 |
Trade names |  |  | 29,109 |  |  |  | 23,303 |  |  |  | 29,109 |  |  |  | 22,210 |
Acquired technology |  |  | 19,903 |  |  |  | 13,646 |  |  |  | 19,903 |  |  |  | 9,158 |
Non-compete agreements |  |  | 10,152 |  |  |  | 8,881 |  |  |  | 10,152 |  |  |  | 8,559 |
Investment banking backlog |  |  | 8,913 |  |  |  | 8,396 |  |  |  | 8,913 |  |  |  | 7,327 |
Core deposits |  |  | 8,615 |  |  |  | 8,615 |  |  |  | 8,615 |  |  |  | 8,546 |
|  | $ | 299,310 |  |  | $ | 188,929 |  |  | $ | 285,293 |  |  | $ | 171,719 |
Amortization Expense in Future Periods | As of September 30, 2025, we expect amortization expense in future periods to be as follows (in thousands):
Fiscal year |  |  |
Remainder of 2025 |  | $ | 5,692 |
2026 |  |  | 19,347 |
2027 |  |  | 15,586 |
2028 |  |  | 14,507 |
2029 |  |  | 13,420 |
Thereafter |  |  | 39,711 |
|  | $ | 108,263 |

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