XML 38 R19.htm IDEA: XBRL DOCUMENT v3.25.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
(Amounts in thousands)
Goodwill
Balance at December 31, 2023$301,760 
Goodwill acquired10,264 
Balance at December 31, 2024$312,024 
Goodwill acquired7,234 
Balance at December 31, 2025$319,258 
Intangible assets
Balance at December 31, 2023$116,197 
Intangible assets acquired1,595 
Amortization of intangible assets(10,288)
Balance at December 31, 2024$107,504 
Intangible assets acquired2,093 
Amortization of intangible assets(9,999)
Balance at December 31, 2025$99,598 

As discussed in Note 4, the addition of goodwill and intangible assets during the year ended December 31, 2025 related to the acquisition of G Squared. Management identified $2.2 million of customer relationship intangible assets, which are being amortized over a weighted average life of 0.6 years. The addition of goodwill and intangible assets during the year ended December 31, 2024 related to the acquisition of Aviditi Advisors. Management identified $1.5 million of customer relationship intangible assets, which were amortized over a weighted average life of 0.8 years.

At December 31, 2025, intangible assets with determinable lives consisted of customer relationships. The following table summarizes the future aggregate amortization expense of the Company's intangible assets with determinable lives:
(Amounts in thousands)
2026$7,986 
20273,480 
20282,191 
2029541 
Total$14,198 

Indefinite-lived intangible assets of $85.4 million consist of a trade name, which is not subject to amortization.

The Company performed its annual impairment testing as of October 31, which resulted in no impairment related to goodwill or indefinite-lived intangible assets in 2025, 2024 and 2023.