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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The carrying amount of the Company's goodwill by segment at December 31, 2023 and 2022 is as follows:
|  | Institutional Investors |  | Investment Managers |  | Investments in New Businesses |  | Total
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 |
Acquisitions (See Note 15) |  | 14,492 |  |  | — |  |  | 6,960 |  |  | 21,452 |
Foreign currency translation adjustments |  | 284 |  |  | (2) |  |  | — |  |  | 282 |
Balance, December 31, 2023 |  | $ | 61,884 |  |  | $ | 56,990 |  |  | $ | 18,459 |  |  | $ | 137,333 |
The Company's intangible assets consist of:
| 2023 |  | Weighted Average Estimated Useful Life |  | 2022 |  | Weighted Average Estimated Useful Life
Client relationships | $ | 63,803 |  |  | 10.4 years |  | $ | 30,173 |  |  | 8.3 years
Acquired technology | 53,020 |  |  | 7.7 years |  | 47,780 |  |  | 8.5 years
Trade name | 4,670 |  |  | 15.1 years |  | 4,370 |  |  | 14.1 years
Non-competition agreements | 3,470 |  |  | 5.0 years |  | 3,470 |  |  | 5.0 years
| 124,963 |  |  |  |  | 85,793 |  |  |
Less: Accumulated amortization | (42,520) |  |  |  |  | (30,261) |  |  |
Intangible assets, net | $ | 82,443 |  |  |  |  | $ | 55,532 |  |  |
The Company recognized $12,161, $12,580 and $5,260 of amortization expense related to intangible assets during 2023, 2022 and 2021, respectively. The Company currently expects to recognize amortization expense related to intangible assets as of December 31, 2023 each year from 2024 through 2028 as follows:
Year | Expected Amortization Expense Related to Intangible Assets
2024 | $ | 12,441 |
2025 | 12,222 |
2026 | 12,114 |
2027 | 9,567 |
2028 | 8,650 |

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