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v3.24.2

Revenues from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables provide additional information pertaining to our revenues disaggregated by major product line and primary geographic market based on the location of the use of the products or services for each of the business segments for the three months ended June 30, 2024 and 2023:
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
Major Product Lines: | For the Three Months Ended June 30, 2024
Investment management fees from pooled investment products | $ | 32,614 |  |  | $ | 58,322 |  |  | $ | 12,256 |  |  | $ | 380 |  |  | $ | 460 |  |  | $ | 104,032 |
Investment management fees from investment management agreements | 1,165 |  |  | 45,920 |  |  | 53,541 |  |  | — |  |  | 4,627 |  |  | 105,253 |
Investment operations fees | 541 |  |  | 10,082 |  |  | — |  |  | 170,327 |  |  | 962 |  |  | 181,912 |
Investment processing fees - PaaS | 70,871 |  |  | 1,379 |  |  | 399 |  |  | 1,247 |  |  | 9 |  |  | 73,905 |
Investment processing fees - SaaS | 21,311 |  |  | — |  |  | 2,243 |  |  | — |  |  | 5,125 |  |  | 28,679 |
Professional services fees | 5,121 |  |  | — |  |  | — |  |  | 1,101 |  |  | 704 |  |  | 6,926 |
Account fees and other | 778 |  |  | 4,884 |  |  | 3,068 |  |  | 6,813 |  |  | 2,736 |  |  | 18,279 |
Total revenues | $ | 132,401 |  |  | $ | 120,587 |  |  | $ | 71,507 |  |  | $ | 179,868 |  |  | $ | 14,623 |  |  | $ | 518,986 |
Primary Geographic Markets: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 86,562 |  |  | $ | 120,587 |  |  | $ | 58,887 |  |  | $ | 162,411 |  |  | $ | 14,623 |  |  | $ | 443,070 |
United Kingdom | 31,354 |  |  | — |  |  | 9,649 |  |  | — |  |  | — |  |  | 41,003 |
Canada | 10,067 |  |  | — |  |  | 1,415 |  |  | — |  |  | — |  |  | 11,482 |
Ireland | 4,418 |  |  | — |  |  | 1,556 |  |  | 10,465 |  |  | — |  |  | 16,439 |
Luxembourg | — |  |  | — |  |  | — |  |  | 6,992 |  |  | — |  |  | 6,992 |
Total revenues | $ | 132,401 |  |  | $ | 120,587 |  |  | $ | 71,507 |  |  | $ | 179,868 |  |  | $ | 14,623 |  |  | $ | 518,986 |
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
Major Product Lines: | For the Three Months Ended June 30, 2023
Investment management fees from pooled investment products | $ | 32,092 |  |  | $ | 61,103 |  |  | $ | 12,728 |  |  | $ | 105 |  |  | $ | 352 |  |  | $ | 106,380 |
Investment management fees from investment management agreements | 813 |  |  | 43,159 |  |  | 57,529 |  |  | — |  |  | 4,025 |  |  | 105,526 |
Investment operations fees | 337 |  |  | 2 |  |  | — |  |  | 151,407 |  |  | 1,305 |  |  | 153,051 |
Investment processing fees - PaaS | 61,877 |  |  | 1,261 |  |  | 304 |  |  | 1,044 |  |  | 9 |  |  | 64,495 |
Investment processing fees - SaaS | 22,516 |  |  | — |  |  | 2,791 |  |  | 18 |  |  | 4,385 |  |  | 29,710 |
Professional services fees (1) | 13,972 |  |  | — |  |  | — |  |  | 959 |  |  | 185 |  |  | 15,116 |
Account fees and other | 807 |  |  | 4,055 |  |  | 1,793 |  |  | 5,671 |  |  | 2,453 |  |  | 14,779 |
Total revenues | $ | 132,414 |  |  | $ | 109,580 |  |  | $ | 75,145 |  |  | $ | 159,204 |  |  | $ | 12,714 |  |  | $ | 489,057 |
Primary Geographic Markets: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 89,644 |  |  | $ | 109,580 |  |  | $ | 63,144 |  |  | $ | 144,398 |  |  | $ | 12,714 |  |  | $ | 419,480 |
United Kingdom | 27,946 |  |  | — |  |  | 8,696 |  |  | — |  |  | — |  |  | 36,642 |
Canada | 10,147 |  |  | — |  |  | 1,447 |  |  | — |  |  | — |  |  | 11,594 |
Ireland | 4,677 |  |  | — |  |  | 1,858 |  |  | 8,978 |  |  | — |  |  | 15,513 |
Luxembourg | — |  |  | — |  |  | — |  |  | 5,828 |  |  | — |  |  | 5,828 |
Total revenues | $ | 132,414 |  |  | $ | 109,580 |  |  | $ | 75,145 |  |  | $ | 159,204 |  |  | $ | 12,714 |  |  | $ | 489,057 |
(1) Professional services fees of the Private Banks segment includes a one-time early contractual buyout fee of $10,457 recorded during the three months ended June 30, 2023 from an investment processing client acquired by an existing client. The following tables provide additional information pertaining to our revenues disaggregated by major product line and primary geographic market based on the location of the use of the products or services for each of the Company’s business segments for the six months ended June 30, 2024 and 2023:
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
Major Product Lines: | For the Six Months Ended June 30, 2024
Investment management fees from pooled investment products | $ | 65,014 |  |  | $ | 116,661 |  |  | $ | 24,331 |  |  | $ | 464 |  |  | $ | 815 |  |  | $ | 207,285 |
Investment management fees from investment management agreements | 2,096 |  |  | 94,339 |  |  | 107,750 |  |  | — |  |  | 8,934 |  |  | 213,119 |
Investment operations fees | 1,080 |  |  | 19,727 |  |  | — |  |  | 334,516 |  |  | 2,440 |  |  | 357,763 |
Investment processing fees - PaaS | 138,718 |  |  | 2,660 |  |  | 821 |  |  | 2,505 |  |  | 19 |  |  | 144,723 |
Investment processing fees - SaaS | 44,769 |  |  | — |  |  | 4,331 |  |  | 19 |  |  | 10,222 |  |  | 59,341 |
Professional services fees | 9,236 |  |  | — |  |  | — |  |  | 2,118 |  |  | 1,287 |  |  | 12,641 |
Account fees and other | 1,625 |  |  | 9,918 |  |  | 6,052 |  |  | 12,899 |  |  | 5,199 |  |  | 35,693 |
Total revenues | $ | 262,538 |  |  | $ | 243,305 |  |  | $ | 143,285 |  |  | $ | 352,521 |  |  | $ | 28,916 |  |  | $ | 1,030,565 |
Primary Geographic Markets: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 172,337 |  |  | $ | 243,305 |  |  | $ | 118,264 |  |  | $ | 318,370 |  |  | $ | 28,916 |  |  | $ | 881,192 |
United Kingdom | 61,202 |  |  | — |  |  | 18,867 |  |  | — |  |  | — |  |  | 80,069 |
Canada | 19,866 |  |  | — |  |  | 2,886 |  |  | — |  |  | — |  |  | 22,752 |
Ireland | 9,133 |  |  | — |  |  | 3,268 |  |  | 20,371 |  |  | — |  |  | 32,772 |
Luxembourg | — |  |  | — |  |  | — |  |  | 13,780 |  |  | — |  |  | 13,780 |
Total revenues | $ | 262,538 |  |  | $ | 243,305 |  |  | $ | 143,285 |  |  | $ | 352,521 |  |  | $ | 28,916 |  |  | $ | 1,030,565 |
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
Major Product Lines: | For the Six Months Ended June 30, 2023
Investment management fees from pooled investment products | $ | 64,312 |  |  | $ | 121,708 |  |  | $ | 24,441 |  |  | $ | 231 |  |  | $ | 690 |  |  | $ | 211,382 |
Investment management fees from investment management agreements | 1,311 |  |  | 83,825 |  |  | 115,557 |  |  | — |  |  | 8,242 |  |  | 208,935 |
Investment operations fees | 683 |  |  | 2 |  |  | — |  |  | 297,046 |  |  | 2,860 |  |  | 300,591 |
Investment processing fees - PaaS | 122,742 |  |  | 2,515 |  |  | 498 |  |  | 2,088 |  |  | 20 |  |  | 127,863 |
Investment processing fees - SaaS | 44,731 |  |  | — |  |  | 5,442 |  |  | 36 |  |  | 8,592 |  |  | 58,801 |
Professional services fees (2) | 17,764 |  |  | — |  |  | — |  |  | 2,620 |  |  | 534 |  |  | 20,918 |
Account fees and other | 1,773 |  |  | 8,068 |  |  | 3,497 |  |  | 11,680 |  |  | 4,668 |  |  | 29,686 |
Total revenues | $ | 253,316 |  |  | $ | 216,118 |  |  | $ | 149,435 |  |  | $ | 313,701 |  |  | $ | 25,606 |  |  | $ | 958,176 |
Primary Geographic Markets: |  |  |  |  |  |  |  |  |  |  |
United States | $ | 168,113 |  |  | $ | 216,118 |  |  | $ | 125,362 |  |  | $ | 284,481 |  |  | $ | 25,606 |  |  | $ | 819,680 |
United Kingdom | 55,792 |  |  | — |  |  | 17,791 |  |  | — |  |  | — |  |  | 73,583 |
Canada | 20,237 |  |  | — |  |  | 2,816 |  |  | — |  |  | — |  |  | 23,053 |
Ireland | 9,174 |  |  | — |  |  | 3,466 |  |  | 18,003 |  |  | — |  |  | 30,643 |
Luxembourg | — |  |  | — |  |  | — |  |  | 11,217 |  |  | — |  |  | 11,217 |
Total revenues | $ | 253,316 |  |  | $ | 216,118 |  |  | $ | 149,435 |  |  | $ | 313,701 |  |  | $ | 25,606 |  |  | $ | 958,176 |
(2) Professional services fees of the Private Banks segment includes a one-time early contractual buyout fee of $10,457 recorded during the three months ended June 30, 2023 from an investment processing client acquired by an existing client. Investment management fees from pooled investment products - Revenues associated with clients' assets invested in Company-sponsored pooled investment products. Contractual fees are stated as a percentage of the market value of assets under management and collected on a monthly basis. Revenues are recognized in Asset management, administration and distribution fees on the accompanying Consolidated Statements of Operations.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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