The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):


	December 31, 2025		Adjustments		Write-off		March 31, 2026
Goodwill
Global Wealth Management	$	351,708	$	—	$	—	$	351,708
Institutional Group		1,112,150		—		—		1,112,150
Total goodwill	$	1,463,858	$	—	$	—	$	1,463,858


	December 31, 2025		Adjustments			Amortization			March 31, 2026
Intangible assets
Global Wealth Management	$	26,287	$	—		$	(972	)	$	25,315
Institutional Group		81,758		(57	)		(9,576	)		72,125
Total intangible assets	$	108,045	$	(57	)	$	(10,548	)	$	97,440

Amortizable intangible assets consist of acquired customer relationships, trade names, acquired technology, non-compete agreements, and investment banking backlog that are amortized over their contractual or determined useful lives. Intangible assets as of March 31, 2026 and December 31, 2025 were as follows (in thousands):


	March 31, 2026				December 31, 2025
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Customer relationships	$	215,023	$	131,432	$	215,249	$	128,575
Investment banking backlog		30,413		26,787		30,413		21,221
Trade names		28,796		23,544		28,796		23,267
Acquired technology		19,903		16,637		19,903		15,141
Non-compete agreements		10,929		9,224		10,929		9,041
Total intangible assets	$	305,064	$	207,624	$	305,290	$	197,245

Amortization expense related to intangible assets was $10.5 million and $5.4 million for the three months ended March 31, 2026 and 2025, respectively, and is included in other operating expenses in the consolidated statements of operations.

The weighted-average remaining lives of the following intangible assets at March 31, 2026, are: customer relationships, 8.5 years; trade names, 5.3 years; non-compete agreements, 2.8 years; acquired technology, 8.0 years; and investment banking backlog, 0.2 years. We have an intangible asset that is not subject to amortization and is, therefore, not included in the table below. As of March 31, 2026, we expect amortization expense in future periods to be as follows (in thousands):


Fiscal year
Remainder of 2026	$	16,510
2027		14,479
2028		13,157
2029		12,383
2030		10,199
Thereafter		28,594
Total amortizable intangible assets	$	95,322