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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table provides a summary of the assets and liabilities classified as discontinued operations:
(Dollars in Thousands)As of December 31, 2024
Assets
Cash and cash equivalents$1,077 
Fees receivable3,396 
Equity method investments7,114 
Deferred tax assets, net60 
Other assets, net9,409 
Contingent consideration receivable$1,389 
Assets of discontinued operations$22,445 
Liabilities
Accounts payable and accrued expenses8,587 
Accrued compensation and profit sharing153 
Deferred tax liability281 
Other liabilities, net4,087 
Liabilities of discontinued operations$13,108 
The following table provides a summary of net income (loss) from discontinued operations, net of taxes:
For the Year Ended
(Dollars in Thousands)December 31, 2025December 31, 2024December 31, 2023
Revenue
Management/advisory fees$1,976 $7,856 $20,076 
Incentive fees— — 702 
Other income/fees1 688 4,994 
Total revenue1,977 8,544 25,772 
Operating Expenses
Compensation and employee benefits3,039 13,766 39,064 
Systems, technology and telephone457 927 1,267 
Sales, distribution and marketing129 397 323 
Occupancy costs433 267 2,104 
Professional fees4,253 14,359 17,657 
Travel and entertainment135 589 816 
Depreciation and amortization— 125 6,642 
General, administrative and other3,280 6,030 8,920 
Total operating expenses11,726 36,460 76,793 
Total operating income (loss)(9,749)(27,916)(51,021)
Other Income (Expenses)
Impairment loss on goodwill and intangible assets— (42,502)(206,777)
Gain (loss) on investments(21,556)(2,055)(19,643)
Interest expense— (12)209 
Interest income13 156 1,301 
Other income (expense)— (5)(3,643)
Income (loss) before taxes(31,292)(72,334)(279,574)
Income tax (expense) benefit(61)277 10,028 
Net income (loss) from discontinued operations, net of income tax$(31,353)$(72,057)$(269,546)