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Goodwill and Intangible Assets
 12 Months Ended
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 InvestorsInvestment ManagersInvestments in New BusinessesTotal
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 adjustments284 (2)— 282 
Balance, December 31, 2023$61,884 $56,990 $18,459 $137,333 
The Company's intangible assets consist of:
2023Weighted Average Estimated Useful Life2022Weighted Average Estimated Useful Life
Client relationships$63,803 10.4 years$30,173 8.3 years
Acquired technology53,020 7.7 years47,780 8.5 years
Trade name4,670 15.1 years4,370 14.1 years
Non-competition agreements3,470 5.0 years3,470 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:
YearExpected Amortization Expense Related to Intangible Assets
2024$12,441 
202512,222 
202612,114 
20279,567 
20288,650