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Goodwill and Intangible Assets (Tables)

9 Months Ended

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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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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