v3.26.1
Intangible Assets, net (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The following table provides a reconciliation of Intangible assets, net reported on the Condensed Consolidated Statements of Financial Position.
As of March 31, 2026
(Dollars in Thousands)Weighted
Average
Amortization
Period (in years)
Gross
Carrying
Amount (2)
Accumulated
Amortization		Net Carrying
Amount
Amortizing intangible assets
Customer relationships22.1$289,778 $(36,886)$252,892 
Trade names9.412,235 (4,177)8,058 
License154,444 (271)4,173 
Acquired internally developed software5700 (520)180 
Other intangible asset2680 (669)11 
Total amortized intangible assets307,837 (42,523)265,314 
Non-amortized intangible assets (1)
Other intangible asset4 — 4 
Investment management agreements166,000 — 166,000 
Total non-amortized intangible assets166,004 — 166,004 
Total intangible assets$473,841 $(42,523)$431,318 

(1) The Company’s non-amortized intangible assets consist of management contracts for open-ended fund products and other intangible assets related to domain names and other software, for which there is no contractual termination date.
(2) During the three months March 31, 2026, gross carrying amounts related to the Company’s intangible assets include foreign currency translation differences of $(0.7) million.
As of December 31, 2025
(Dollars in Thousands)Weighted
Average
Amortization
Period (in years)
Gross
Carrying
Amount (2)
Impairment/DisposalsAccumulated
Amortization		Net Carrying
Amount
Amortizing intangible assets
Customer relationships22.0$290,419 $— $(33,235)$257,184 
Trade names9.312,238 — (3,828)8,410 
License15.04,535 — (195)4,340 
Acquired internally developed software5.01,300 (600)(505)195 
Other intangible asset1.5680 — (656)24 
Total amortized intangible assets309,172 (600)(38,419)270,153 
Non-amortized intangible assets (1)
Other intangible assets4 — — 4 
Investment management agreements (3)
201,000 (35,000)— 166,000 
Total non-amortized intangible assets201,004 (35,000)— 166,004 
Total intangible assets$510,176 $(35,600)$(38,419)$436,157 
(1) The Company’s non-amortized intangible assets consist of management contracts for open-ended fund products and other intangible assets related to domain names and other software, for which there is no contractual termination date.
(2) During the year ended December 31, 2025, gross carrying amounts related to the Company’s intangible assets include additions to intangibles of $14.8 million and purchase price adjustments of $(0.7) million (see Note 4 (Business Combinations)) related to the Kontora Acquisition, as well as foreign currency translation differences of $4.1 million.
(3) During the quarter ended September 30, 2025, the Company recognized an impairment of $35.0 million related to TIG’s Investment Management Agreement (“IMA”), which is classified as an indefinite-lived intangible asset. Drivers of the impairment for the IMA include the financial projections and discount rate.
Schedule of Estimated Future Amortization
The estimated future amortization for finite-lived intangible assets for each of the next five years and thereafter are as follows:
(Dollars in Thousands)As of March 31, 2026
2026$12,280 
202716,367 
202816,320 
202916,044 
2030 and beyond204,303 
Total$265,314