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Business Combination and Equity Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity Acquisition and Business Combination [Abstract] |
Schedule of Preliminary Purchase Price Allocation | The following table summarizes the preliminary purchase price allocation determined as of the purchase date:
(in millions) |  |
Right-of-Use Asset |  | $ | 0.8 |
Intangible Assets 1 |  | 15.4 |
Goodwill 2 |  | 16.4 |
Less: Lease Liability Assumed |  | 0.8 |
Less: Fair Value of Contingent Consideration |  | 3.7 |
Total Upfront Purchase Price Consideration |  | $ | 28.1 |
1 Includes $14.8 million for customer relationships with an estimated useful life of 12 years and $0.6 million for a trade name with an estimated useful life of five years, all of which are recorded in Intangibles Assets, net on the Consolidated Balance Sheets. 2 The goodwill recognized is attributable to enhanced revenue and AUM growth opportunities from future investors and the assembled workforce of CWH and is deductible for tax purposes.

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- Definition Equity Acquisition and Business Combination + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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