v3.26.1
Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2026
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, 2024$2,172,873 
Goodwill acquired497,885 
Purchase accounting adjustments
(26,035)
Balance at December 31, 20252,644,723 
Goodwill acquired14,447 
Balance at March 31, 2026
$2,659,170 
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 March 31, 2026 (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$3,402,483 $(905,751)$2,496,732 
Client relationships12.21,008,480 (162,411)846,069 
Trade name15.326,000 (1,083)24,917 
Technology2.820,930 (15,884)5,046 
Product sponsor relationships1.0234,086 (232,723)1,363 
Total definite-lived intangible assets, net $4,691,979 $(1,317,852)$3,374,127 
Other indefinite-lived intangibles:    
Trademark and trade name   39,819 
Total other intangibles, net   $3,413,946 
_______________________________
(1)During the three months ended March 31, 2026, the Company completed various acquisitions. See Note 4 - Acquisitions, for additional information.
The components of other intangibles, net were as follows at December 31, 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
13.6$3,350,706 $(859,100)$2,491,606 
Client relationships
12.3909,868 (143,039)766,829 
Trade name15.626,000 (677)25,323 
Technology3.020,930 (15,443)5,487 
Product sponsor relationships1.2234,086 (232,362)1,724 
Total definite-lived intangibles, net$4,541,590 $(1,250,621)$3,290,969 
Other indefinite-lived intangibles:
Trademark and trade name39,819 
Total other intangibles, net$3,330,788 
_______________________________
(1)    During the year ended December 31, 2025, the Company completed various acquisitions. See Note 4 - Acquisitions, for additional information.
Total amortization of other intangibles was $67.2 million and $43.5 million for the three months ended March 31, 2026 and 2025, respectively. Future amortization is estimated as follows (in thousands):
2026 - remainder$203,636 
2027267,653 
2028265,956 
2029259,115 
2030257,120 
Thereafter2,120,647 
Total
$3,374,127