v3.25.2
Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLES, NET
A summary of the activity impacting goodwill is presented below (in thousands):
Balance at December 31, 2023$1,856,648 
Purchase accounting adjustments
(16,980)
Goodwill acquired333,205 
Balance at December 31, 20242,172,873 
Purchase accounting adjustments(3,921)
Goodwill acquired44,441 
Balance at June 30, 2025
$2,213,393 
The Company completed various acquisitions, which were accounted for under the acquisition method of accounting for business combinations and as asset acquisitions, and recorded purchase accounting adjustments during the periods presented. See Note 4 - Acquisitions, for additional information.
The components of other intangibles, net were as follows at June 30, 2025 (in thousands):
Weighted-Average Life 
Remaining
(in years)		Gross
 Carrying 
Value		 Accumulated AmortizationNet
 Carrying 
Value
Definite-lived intangibles, net(1):
    
Advisor and institution relationships
13.3$1,652,596 $(754,196)$898,400 
Client relationships12.7797,377 (108,477)688,900 
Product sponsor relationships0.9234,086 (226,677)7,409 
Technology6.720,930 (14,325)6,605 
Total definite-lived intangible assets, net $2,704,989 $(1,103,675)$1,601,314 
Other indefinite-lived intangibles:    
Trademark and trade name   39,819 
Total other intangibles, net   $1,641,133 
_______________________________
(1)During the six months ended June 30, 2025, the Company completed various acquisitions. See Note 4 - Acquisitions, for additional information.
The components of other intangibles, net were as follows at December 31, 2024 (in thousands):
Weighted-Average Life 
Remaining
(in years)		Gross
 Carrying 
Value		 Accumulated AmortizationNet
 Carrying 
Value
Definite-lived intangibles, net(1):
    
Advisor and institution relationships
13.4$1,626,281 $(699,385)$926,896 
Client relationships
12.7581,519 (86,292)495,227 
Product sponsor relationships1.3234,086 (220,880)13,206 
Technology7.620,930 (13,090)7,840 
Total definite-lived intangibles, net$2,462,816 $(1,019,647)$1,443,169 
Other indefinite-lived intangibles:
Trademark and trade name39,819 
Total other intangibles, net$1,482,988 
_______________________________
(1)    During the year ended December 31, 2024, the Company completed various acquisitions. See Note 4 - Acquisitions, for additional information.
Total amortization of other intangibles was $46.1 million and $30.6 million for the three months ended June 30, 2025 and 2024, respectively, and $89.6 million and $60.2 million for the six months ended June 30, 2025 and 2024, respectively. Future amortization is estimated as follows (in thousands):
2025 - remainder$89,562 
2026142,433 
2027137,284 
2028131,492 
2029122,814 
Thereafter977,729 
Total
$1,601,314