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Income Taxes - Schedule of Tax Effects of Temporary Differences (Details) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Deferred tax assets: |  |
Intangible assets | $ 18,809 | $ 19,206
Net operating losses | 9,180 | 10,754
Compensation accruals | 17,173 | 19,614
Lease liability | 17,698 | 19,009
Investment in sponsored products | 8,801 | 11,643
Capital losses | 7,748 | 6,139
Investment in partnerships | 8,058 | 2,188
Gross deferred tax assets | 87,467 | 88,553
Valuation allowance | (16,612) | (16,539)
Gross deferred tax assets after valuation allowance | 70,855 | 72,014
Deferred tax liabilities: |  |
Intangible assets | (29,642) | (26,746)
Right of use asset | (14,406) | (15,677)
Fixed assets | (3,042) | (4,197)
Other | (559) | (370)
Gross deferred tax liabilities | (47,649) | (46,990)
Deferred tax assets, net | $ 23,206 | $ 25,024

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