| Summary of the Financial Assets Carried at Fair Value on a Recurring Basis |
The following tables provide information about the financial assets carried at fair value on a recurring basis as of December 31, 2025 and 2024.
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$ |
431,574 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
431,574 |
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Separately managed accounts |
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308,345 |
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— |
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— |
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— |
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308,345 |
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29,767 |
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— |
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— |
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— |
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29,767 |
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— |
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— |
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— |
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1,683,583 |
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1,683,583 |
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— |
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— |
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— |
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798,105 |
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798,105 |
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— |
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— |
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— |
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318,456 |
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318,456 |
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Self-directed brokerage accounts |
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180,534 |
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— |
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— |
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— |
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180,534 |
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Total investments at fair value |
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$ |
950,220 |
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$ |
— |
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$ |
— |
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$ |
2,800,144 |
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$ |
3,750,364 |
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$ |
436,474 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
436,474 |
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Separately managed accounts |
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— |
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296,571 |
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— |
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— |
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296,571 |
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29,474 |
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— |
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— |
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— |
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29,474 |
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— |
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— |
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— |
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1,570,395 |
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1,570,395 |
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— |
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— |
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— |
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706,878 |
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706,878 |
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— |
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— |
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— |
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304,100 |
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304,100 |
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Self-directed brokerage accounts |
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— |
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153,165 |
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— |
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— |
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153,165 |
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Total investments at fair value |
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$ |
465,948 |
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$ |
449,736 |
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$ |
— |
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$ |
2,581,373 |
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$ |
3,497,057 |
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| (a) |
As these assets are measured at net asset value using the practical expedient they are therefore excluded from the fair value hierarchy and included in other. |
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