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Business Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2025 and 2024:

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Three Months Ended September 30, 2025
Total revenue			$	207,050					$	143,994					$	147,465					$	71,826					$	8,176					$	578,511
Less:
Operations & services			89,335						54,044						46,211						21,010						1,810						212,410
Sales, marketing & client service			11,240						10,723						8,819						9,820						3,844						44,446
Technology services & infrastructure			12,887						28,809						9,074						1,678						1,603						54,051
Strategic initiatives & new business development			8,316						21,305						13,389						4,168						3,471						50,649
Other segment expenses (1)			4,156						5,882						1,635						1,392						1,135						14,200
Segment profit (loss)			$	81,116					$	23,231					$	68,337					$	33,758					$	(3,687)					$	202,755

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Three Months Ended September 30, 2024
Total revenue			$	184,607					$	138,734					$	126,836					$	71,626					$	15,593					$	537,396
Less:
Operations & services			82,140						50,749						40,121						21,217						4,779						199,006
Sales, marketing & client service			9,515						9,928						8,122						10,162						4,681						42,408
Technology services & infrastructure			11,008						27,754						8,590						1,504						1,373						50,229
Strategic initiatives & new business development			8,584						21,317						11,790						3,210						5,930						50,831
Other segment expenses (1)			2,871						5,349						1,529						1,758						1,677						13,184
Segment profit (loss)			$	70,489					$	23,637					$	56,684					$	33,775					$	(2,847)					$	181,738

(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 nine months ended September 30, 2025 and 2024:

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Nine Months Ended September 30, 2025
Total revenue			$	594,165					$	423,157					$	421,234					$	209,675					$	41,225					$	1,689,456
Less:
Operations & services			263,945						157,576						130,048						62,401						12,408						626,378
Sales, marketing & client service			31,573						29,756						28,251						29,574						13,569						132,723
Technology services & infrastructure			39,407						85,412						26,849						4,810						4,473						160,951
Strategic initiatives & new business development			20,987						65,185						37,191						8,994						13,993						146,350
Other segment expenses (3)			8,869						16,307						5,045						4,016						4,346						38,583
Segment profit (loss)			$	229,384					$	68,921					$	193,850					$	99,880					$	(7,564)					$	584,471

			Investment Managers						Private Banks						Investment Advisors						Institutional Investors						Investments In New Businesses						Total
			For the Nine Months Ended September 30, 2024
Total revenue			$	537,128					$	401,272					$	370,141					$	214,911					$	44,509					$	1,567,961
Less:
Operations & services			241,176						147,120						118,707						64,048						14,752						585,803
Sales, marketing & client service			29,236						31,241						21,175						32,438						14,221						128,311
Technology services & infrastructure			31,752						81,540						25,260						4,442						4,067						147,061
Strategic initiatives & new business development			25,569						63,437						36,437						10,200						17,361						153,004
Other segment expenses (3)			7,222						16,623						4,484						5,258						5,002						38,589
Segment profit (loss)			$	202,173					$	61,311					$	164,078					$	98,525					$	(10,894)					$	515,193

(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 September 30, 2025 and 2024 is as follows:

			2025						2024
Total segment profit			$	202,755					$	181,738
Corporate overhead expenses			(42,794)						(37,906)
Income from operations			$	159,961					$	143,832

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

			2025						2024
Total segment profit			$	584,471					$	515,193
Corporate overhead expenses			(118,778)						(108,996)
Income from operations			$	465,693					$	406,197

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, equity in the earnings of unconsolidated affiliates and net gain from consolidated variable interest entities. 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 September 30, 2025 and 2024 pertaining to the business segments:

			Capital Expenditures (2)												Depreciation
			2025						2024						2025						2024
Investment Managers			$	6,054					$	7,196					$	1,788					$	1,659
Private Banks			6,479						2,764						2,681						2,620
Investment Advisors			2,978						1,092						1,889						2,254
Institutional Investors			761						740						474						614
Investments in New Businesses			258						124						122						186
Total from business segments			$	16,530					$	11,916					$	6,954					$	7,333
Corporate overhead			450						222						531						1,008
			$	16,980					$	12,138					$	7,485					$	8,341

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

			Amortization
			2025						2024
Investment Managers			$	1,301					$	80
Private Banks			5,427						5,147
Investment Advisors			2,473						2,169
Institutional Investors			1,956						1,851
Investments in New Businesses			416						1,096
Total from business segments			$	11,573					$	10,343
Corporate overhead			339						70
			$	11,912					$	10,413

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

			Capital Expenditures (4)												Depreciation
			2025						2024						2025						2024
Investment Managers			$	16,690					$	21,260					$	3,582					$	4,874
Private Banks			16,192						13,782						7,634						8,356
Investment Advisors			7,512						6,244						5,914						6,625
Institutional Investors			1,859						2,589						1,287						1,816
Investments in New Businesses			658						713						411						528
Total from business segments			$	42,911					$	44,588					$	18,828					$	22,199
Corporate Overhead			986						1,029						4,249						2,898
			$	43,897					$	45,617					$	23,077					$	25,097

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

			Amortization
			2025						2024
Investment Managers			$	1,704					$	161
Private Banks			16,046						15,347
Investment Advisors			7,342						6,439
Institutional Investors			5,775						5,619
Investments in New Businesses			1,707						3,461
Total from business segments			$	32,574					$	31,027
Corporate Overhead			497						257
			$	33,071					$	31,284

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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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