XML 58 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Acquired Client Relationships (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill The following table presents the changes in the Company’s consolidated Affiliates’ Goodwill:
Goodwill
2023
2024
Balance, beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,648.7
$2,523.6
Veritable Transaction(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(136.5)
—
Foreign currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16.5
(18.7)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5.1)
—
Balance, end of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,523.6
$2,504.9
___________________________
(1)Represents Goodwill allocated to Veritable as of the closing date, including $3.5 million attributable to the non-controlling
interests.
Schedule of Changes in the Components of Acquired Client Relationships The following table presents the changes in the Company’s components of Acquired client relationships (net):
 
Acquired Client Relationships (Net)
 
Definite-lived
Indefinite-lived
Total
 
Gross Book
Value
Accumulated
Amortization
Net Book
Value
Net Book
Value
Net Book
Value
Balance, as of December 31, 2022 . . . . . . . .
$1,355.1
$(1,069.7)
$285.4
$1,590.6
$1,876.0
Veritable Transaction(1) . . . . . . . . . . . . . . . .
(85.1)
57.0
(28.1)
—
(28.1)
Intangible amortization and impairments . .
—
(48.3)
(48.3)
—
(48.3)
Foreign currency translation . . . . . . . . . . . .
0.8
(0.5)
0.3
16.6
16.9
Transfers(2) . . . . . . . . . . . . . . . . . . . . . . . . . .
(10.3)
10.3
—
(4.1)
(4.1)
Balance, as of December 31, 2023 . . . . . . . .
$1,260.5
$(1,051.2)
$209.3
$1,603.1
$1,812.4
Intangible amortization and impairments . .
—
(29.0)
(29.0)
—
(29.0)
Foreign currency translation . . . . . . . . . . . .
(5.0)
5.0
—
(5.6)
(5.6)
Balance, as of December 31, 2024 . . . . . . . .
$1,255.5
$(1,075.2)
$180.3
$1,597.5
$1,777.8
___________________________
(1)Represents acquired client relationships attributable to Veritable as of the closing date, including $6.7 million attributable
to the non-controlling interests.
(2)Transfers include acquired client relationships at Affiliates that were deconsolidated during the period.