XML 63 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The carrying amount of the Company's goodwill by segment at December 31, 2022 and 2021 is as follows:
Institutional InvestorsInvestment ManagersInvestments in New BusinessesTotal
Balance, December 31, 2020$— $52,990 11,499 $64,489 
Acquisition of Finomial— 3,825 — 3,825 
Acquisition of Novus48,911 — — 48,911 
Foreign currency translation adjustments— — 
Balance, December 31, 2021$48,911 $56,822 $11,499 $117,232 
Measurement period adjustments(1,803)215 — (1,588)
Foreign currency translation adjustments— (45)— (45)
Balance, December 31, 2022$47,108 $56,992 $11,499 $115,599 
Schedule of Intangible Assets
The Company's intangible assets consist of:
2022Weighted Average Estimated Useful Life2021Weighted Average Estimated Useful Life
Acquired technology$47,780 8.5 years$47,780 8.5 years
Client relationships30,173 9.6 years30,878 8.3 years
Non-competition agreements3,470 5.0 years3,470 5.0 years
Trade name4,370 15.4 years4,370 14.1 years
85,793 86,498 
Less: Accumulated amortization(30,261)(17,716)
Intangible assets, net$55,532 $68,782 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The Company currently expects to recognize amortization expense related to intangible assets as of December 31, 2022 each year from 2023 through 2027 as follows:
YearExpected Amortization Expense Related to Intangible Assets
2023$11,651 
20248,191 
20257,972 
20267,865 
20276,203