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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 is as follows:
Investment ManagersInvestment
Advisors		Institutional InvestorsInvestments in New BusinessesTotal
Balance, December 31, 2022$56,992 $— $47,108 11,499 $115,599 
Acquisitions (See Note 15)— — 14,492 6,960 21,452 
Foreign currency translation adjustments(2)— 284 — 282 
Balance, December 31, 2023$56,990 $— $61,884 $18,459 $137,333 
Acquisition of LifeYield (See Note 15)— 33,131 — — 33,131 
Measurement period adjustments— — 25 — 25 
Reclassification due to segment reorganization(1,711)— — 1,711 — 
Foreign currency translation adjustments(12)— (190)— (202)
Balance, December 31, 2024$55,267 $33,131 $61,719 $20,170 $170,287 
The reclassification of the Company's goodwill by segment during 2024 reflects the relative fair value allocation of the goodwill related to the businesses that were reclassified into the new segment (See Note 12).
The Company's intangible assets consist of:
2024Weighted Average Estimated Useful Life2023Weighted Average Estimated Useful Life
Client relationships$63,785 9.8 years$63,803 10.4 years
Acquired technology61,060 7.5 years53,020 7.7 years
Trade name4,890 15.3 years4,670 15.1 years
Non-competition agreements3,470 5.0 years3,470 5.0 years
133,205 124,963 
Less: Accumulated amortization(55,835)(42,520)
Intangible assets, net$77,370 $82,443 
The Company recognized $13,448, $12,161 and $12,580 of amortization expense related to intangible assets during 2024, 2023 and 2022, respectively.
The Company currently expects to recognize amortization expense related to intangible assets as of December 31, 2024 each year from 2025 through 2029 as follows:
YearExpected Amortization Expense Related to Intangible Assets
2025$13,503 
202613,395 
202710,848 
20289,858 
20296,157