| Summary of activity in goodwill |
A summary of the activity impacting goodwill is presented below (in thousands): | | | | | | | Balance at December 31, 2024 | $ | 2,172,873 | | | Goodwill acquired | 497,885 | | Purchase accounting adjustments | (26,035) | | | Balance at December 31, 2025 | 2,644,723 | | | Goodwill acquired | 14,447 | | | | Balance at March 31, 2026 | $ | 2,659,170 | |
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| Components of intangible assets |
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 Amortization | Net
Carrying
Value | | | Definite-lived intangibles, net(1): | | | | | | | Advisor and institution relationships | 13.4 | $ | 3,402,483 | | $ | (905,751) | | $ | 2,496,732 | | | | | Client relationships | 12.2 | 1,008,480 | | (162,411) | | 846,069 | | | | | Trade name | 15.3 | 26,000 | | (1,083) | | 24,917 | | | | | Technology | 2.8 | 20,930 | | (15,884) | | 5,046 | | | | | Product sponsor relationships | 1.0 | 234,086 | | (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 Amortization | Net
Carrying
Value | Definite-lived intangibles, net(1): | | | | | Advisor and institution relationships | 13.6 | $ | 3,350,706 | | $ | (859,100) | | $ | 2,491,606 | | Client relationships | 12.3 | 909,868 | | (143,039) | | 766,829 | | | Trade name | 15.6 | 26,000 | | (677) | | 25,323 | | | Technology | 3.0 | 20,930 | | (15,443) | | 5,487 | | | Product sponsor relationships | 1.2 | 234,086 | | (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 name | | | | 39,819 | | | 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.
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