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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Related party transactions include the below:
(Dollars in Thousands) |  |  |  |  |  |  |  |  |  |
Related Party Receivables |  | Consolidated Balance Sheet Line Item | As of December 31, 2024 | As of December 31, 2023 |  |  |  |  |  |
Due from Certain TWMH Members, TIG GP Members and TIG MGMT Members |  | Other assets | $ | 435 |  | $ | 712 |  |  |  |  |  |  |
Due from Equity Method Investees |  | Other assets | $ | 3,089 |  | $ | 5,948 |  |  |  |  |  |  |
Due from Alvarium related fee arrangements |  | Fees receivable, net | $ | 116 |  | $ | 247 |  |  |  |  |  |  |
Due from TIG related fee arrangements |  | Fees receivable, net | $ | 804 |  | $ | 15,822 |  |  |  |  |  |  |
Related Party Investments |  |  |  |  |  |  |  |  |  |
Equity method investment with Allianz |  | Equity method investments | $ | 20,300 |  | $ | — |  |  |  |  |  |  |
Related Party Payables |  |  |  |  |  |  |  |  |  |
Due to Certain TWMH Members, TIG GP Members and TIG MGMT Members |  | Other Liabilities | $ | — |  | $ | — |  |  |  |  |  |  |
Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements |  | TRA liability | $ | (28,765) |  | $ | (17,607) |  |  |  |  |  |  |
Delayed share purchase agreement |  | Delayed share purchase agreement | $ | — |  | $ | (1,818) |  |  |  |  |  |  |
Delayed share purchase agreement |  | Accrued compensation and profit sharing | $ | — |  | $ | (282) |  |  |  |  |  |  |
Due to Certain TWMH Members, TIG GP Members, TIG MGMT Members and Alvarium Shareholders in connection with the Business Combination Earn-out |  | Earn-out liabilities, at fair value | $ | (23,848) |  | $ | (62,380) |  |  |  |  |  |  |
AWMS earn-out liability |  | Earn-out liabilities, at fair value | $ | — |  | $ | (1,064) |  |  |  |  |  |  |
AWMS deferred cash contribution |  | Other liabilities | $ | — |  | $ | (7,135) |  |  |  |  |  |  |
Due to Equity Method Investees |  | Other liabilities | $ | (223) |  | $ | (1,277) |  |  |  |  |  |  |
EEA earn-out liability |  | Earn-out liabilities, at fair value | $ | (29,871) |  | $ | — |  |  |  |  |  |  |
PW deferred consideration |  | Other liabilities | $ | (3,339) |  | $ | — |  |  |  |  |  |  |
Envoi earn-out consideration liability |  | Earn-out liabilities, at fair value | $ | (9,600) |  | $ | — |  |  |  |  |  |  |
Envoi earn-out growth consideration liability |  | Earn-out liabilities, at fair value | $ | (1,320) |  | $ | — |  |  |  |  |  |  |
Preferred stock tranche liability |  | Preferred stock tranche liability | $ | (3,940) |  | $ | — |  |  |  |  |  |  |
Mezzanine Equity |  |  |  |  |  |  |  |  |  |
Series A Preferred Stock |  | Series A Redeemable Cumulative Convertible Preferred Stock | $ | 142,858 |  | $ | — |  |  |  |  |  |  |
Series C Preferred Stock |  | Series C Redeemable Cumulative Convertible Preferred Stock | $ | 160,808 |  | $ | — |  |  |  |  |  |  |
Shareholders’ Equity |  |  |  |  |  |  |  |  |  |
Delayed share purchase agreement |  | Additional paid-in capital | $ | 40 |  | $ | (1,178) |  |  |  |  |  |  |
Allianz Warrants, net of issuance costs |  | Additional paid-in capital | $ | 6,591 |  | $ | — |  |  |  |  |  |  |
Constellation Warrants, net of issuance costs |  | Additional paid-in capital | $ | 3,003 |  | $ | — |  |  |  |  |  |  |
The Company recognized Management/advisory fees, Compensation and employee benefits, Other income/fees and Interest income from its equity method investees on the Consolidated Statement of Operations, as summarized in the following table:
(Dollars in Thousands) |  |  | For the Year Ended
|  |  |  |  | December 31, 2024 |  | December 31, 2023
Management/advisory fees |  |  |  |  | $ | (357) |  |  | $ | 700 |
Compensation and employee benefits |  |  |  |  | $ | — |  |  | $ | (1,800) |
Other income/fees |  |  |  |  | $ | 2,219 |  |  | $ | (2,400) |
Interest income |  |  |  |  | $ | (31) |  |  | $ | 200 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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