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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of the Company's goodwill by segment are as follows:
|  | Institutional Investors |  | Investment Managers |  | Investments in New Businesses |  | Total
Balance, December 31, 2022 |  | $ | 47,108 |  |  | $ | 56,992 |  |  | $ | 11,499 |  |  | $ | 115,599 |
Foreign currency translation adjustments |  | — |  |  | 3 |  |  | — |  |  | 3 |
Balance, March 31, 2023 |  | $ | 47,108 |  |  | $ | 56,995 |  |  | $ | 11,499 |  |  | $ | 115,602 |
In April 2018, the Company acquired all ownership interests of Huntington Steele, LLC (Huntington Steele). The total purchase price for Huntington Steele included a contingent purchase price payable to the sellers which is determined at various intervals occurring between 2019 and 2023. The Company made payments of $904 and $868 during the three months ended March 31, 2023 and 2022, respectively, to the sellers. As of March 31, 2023, the remaining amount of the contingent consideration of $8,777 is included in Accrued liabilities on the accompanying Balance Sheet. Beginning in April 2023, the Company or the sellers can demand immediate payment of the contingent consideration. As of April 18, 2023, neither party has invoked the demand for payment of the contingent consideration. The Company recognized $3,055 and $3,253 of amortization expense related to acquired intangible assets during the three months ended March 31, 2023 and 2022, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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