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Goodwill, net (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Reconciliation of Goodwill, Net
The following tables provide a reconciliation of Goodwill, net reported on the Consolidated Statement of Financial Position and Consolidated Statement of Financial Position as of December 31, 2024 and December 31, 2023, respectively.
As of December 31, 2024
(Dollars in Thousands)Wealth & Capital SolutionsInternational Real EstateTotal
Beginning Balance
Gross goodwill$321,154 $90,480 $411,634 
Accumulated impairment losses— — — 
Net goodwill:$321,154 $90,480 $411,634 
Goodwill acquired during the period$44,065 $— $44,065 
Impairment charges(29,367)(40,357)(69,724)
Resegmentation of U.S. Asset Management (1)
40,625 (40,625)— 
Measurement period adjustments3,600 — 3,600 
Currency translation and other adjustments(2,235)(9,498)(11,733)
$56,688 $(90,480)$(33,792)
Ending Balance
Gross goodwill$377,842 $— $377,842 
Accumulated impairment losses— — — 
Net goodwill$377,842 $— $377,842 
(1) As of the third quarter ended September 30, 2024, the Company changed its segments. Prior year disclosures have not been restated. See Note 18 (Segment Reporting) for more information.
As of December 31, 2023
(Dollars in Thousands)
Wealth Management
Strategic AlternativesTotal
Beginning Balance
Gross goodwill$298,118 $232,429 $— $530,547 
Net goodwill:$298,118 $232,429 $530,547 
Goodwill acquired during the period$18,972 $— $18,972 
Impairment charges— (153,859)(153,859)
Currency translation and other adjustments4,064 11,910 — 15,974 
$23,036 $(141,949)$(118,913)
Ending Balance
Gross goodwill$321,154 $90,480 $411,634 
Net goodwill$321,154 $90,480 $411,634