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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Financial Information About Business Segments

The following tables highlight certain financial information about each of the business segments for the three months ended June 30, 2025 and 2024:

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Three Months Ended June 30, 2025
Total revenue			$	195,067					$	141,449					$	137,193					$	69,343					$	16,549					$	559,601
Less:
Operations & services			88,371						53,245						42,799						20,718						5,637						210,770
Sales, marketing & client service			10,501						10,122						10,237						10,099						4,797						45,756
Technology services & infrastructure			13,768						28,268						8,908						1,584						1,502						54,030
Strategic initiatives & new business development			6,283						21,500						12,094						2,268						4,824						46,969
Other segment expenses (1)			2,713						5,589						1,763						1,188						1,670						12,923
Segment profit (loss)			$	73,431					$	22,725					$	61,392					$	33,486					$	(1,881)					$	189,153

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Three Months Ended June 30, 2024
Total revenue			$	179,868					$	132,401					$	120,587					$	71,507					$	14,623					$	518,986
Less:
Operations & services			80,662						48,109						39,535						21,208						5,055						194,569
Sales, marketing & client service			9,894						10,539						7,833						10,783						4,933						43,982
Technology services & infrastructure			10,289						26,881						8,341						1,461						1,398						48,370
Strategic initiatives & new business development			8,996						20,862						12,100						3,406						5,413						50,777
Other segment expenses (1)			1,446						5,499						1,144						1,568						1,781						11,438
Segment profit (loss)			$	68,581					$	20,511					$	51,634					$	33,081					$	(3,957)					$	169,850

(1) Other segment expenses for each reportable segment includes professional services, occupancy and certain overhead expenses.

The following tables highlight certain financial information about each of business segment for the six months ended June 30, 2025 and 2024:

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Six Months Ended June 30, 2025
Total revenue			$	387,115					$	279,163					$	273,769					$	137,849					$	33,049					$	1,110,945
Less:
Operations & services			174,610						103,531						83,837						41,391						10,598						413,967
Sales, marketing & client service			20,333						19,032						19,432						19,755						9,725						88,277
Technology services & infrastructure			26,520						56,603						17,775						3,132						2,870						106,900
Strategic initiatives & new business development			12,671						43,880						23,802						4,827						10,522						95,702
Other segment expenses (3)			4,713						10,427						3,410						2,622						3,211						24,383
Segment profit (loss)			$	148,268					$	45,690					$	125,513					$	66,122					$	(3,877)					$	381,716

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Six Months Ended June 30, 2024
Total revenue			$	352,521					$	262,538					$	243,305					$	143,285					$	28,916					$	1,030,565
Less:
Operations & services			159,036						96,371						78,586						42,831						9,972						386,796
Sales, marketing & client service			19,721						21,313						13,053						22,276						9,541						85,904
Technology services & infrastructure			20,744						53,786						16,670						2,938						2,694						96,832
Strategic initiatives & new business development			16,985						42,120						24,648						6,991						11,430						102,174
Other segment expenses (3)			4,351						11,274						2,954						3,499						3,326						25,404
Segment profit (loss)			$	131,684					$	37,674					$	107,394					$	64,750					$	(8,047)					$	333,455

(3) Other segment expenses for each reportable segment includes professional services, occupancy and certain overhead expenses.

Schedule of Reconciliation of Total Operating Profit Reported for Business Segments to Income from Operations in Consolidated Statements of Operations

A reconciliation of the total segment profit to income from operations on the Consolidated Statements of Operations for the three months ended June 30, 2025 and 2024 is as follows:

			2025						2024
Total segment profit			$	189,153					$	169,850
Corporate overhead expenses			(40,518)						(33,336)
Income from operations			$	148,635					$	136,514

A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the six months ended June 30, 2025 and 2024:

			2025						2024
Total segment profit			$	381,716					$	333,455
Corporate overhead expenses			(75,984)						(71,090)
Income from operations			$	305,732					$	262,365

Other income and expense items to reconcile income from operations to income before income taxes on the Consolidated Statements of Operations include net gain from investments, interest and dividend income, interest expense, gain on sale of business, other income and equity in the earnings of unconsolidated affiliates. These items are not allocated to the Company's segments.

Schedule of Additional Information Pertaining to Business Segments

The following tables provide additional information for the three months ended June 30, 2025 and 2024 pertaining to the business segments:

			Capital Expenditures (2)												Depreciation
			2025						2024						2025						2024
Investment Managers			$	4,150					$	6,389					$	1,732					$	1,636
Private Banks			4,210						4,586						2,694						2,832
Investment Advisors			1,902						1,987						2,000						2,190
Institutional Investors			335						730						494						598
Investments in New Businesses			121						173						211						170
Total from business segments			$	10,718					$	13,865					$	7,131					$	7,426
Corporate overhead			171						265						534						941
			$	10,889					$	14,130					$	7,665					$	8,367

(2) Capital expenditures include additions to property and equipment and capitalized software.

			Amortization
			2025						2024
Investment Managers			$	201					$	81
Private Banks			5,344						5,089
Investment Advisors			2,450						2,148
Institutional Investors			1,944						1,876
Investments in New Businesses			416						1,183
Total from business segments			$	10,355					$	10,377
Corporate overhead			94						108
			$	10,449					$	10,485

The following tables provide additional information for the six months ended June 30, 2025 and 2024:

			Capital Expenditures (4)												Depreciation
			2025						2024						2025						2024
Investment Managers			$	10,636					$	14,064					$	1,794					$	3,215
Private Banks			9,713						11,018						4,953						5,736
Investment Advisors			4,534						5,152						4,025						4,371
Institutional Investors			1,098						1,849						813						1,202
Investments in New Businesses			400						589						289						342
Total from business segments			$	26,381					$	32,672					$	11,874					$	14,866
Corporate Overhead			536						807						3,718						1,890
			$	26,917					$	33,479					$	15,592					$	16,756

(4) Capital expenditures include additions to property and equipment and capitalized software.

			Amortization
			2025						2024
Investment Managers			$	403					$	81
Private Banks			10,619						10,200
Investment Advisors			4,869						4,270
Institutional Investors			3,819						3,768
Investments in New Businesses			1,291						2,365
Total from business segments			$	21,001					$	20,684
Corporate Overhead			158						187
			$	21,159					$	20,871

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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