v3.26.1
Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 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 acquired29,854 
Purchase accounting adjustments7,084 
Balance at June 30, 2026
$2,681,661 
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 June 30, 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
13.2$3,437,483 $(954,637)$2,482,846 
Client relationships11.91,064,017 (183,203)880,814 
Trade name15.126,000 (1,490)24,510 
Technology2.620,930 (16,325)4,605 
Product sponsor relationships0.8234,086 (233,083)1,003 
Total definite-lived intangible assets, net$4,782,516 $(1,388,738)$3,393,778 
Other indefinite-lived intangibles:
Trademark and trade name39,819 
Total other intangibles, net$3,433,597 
_______________________________
(1)During the six months ended June 30, 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 $70.9 million and $46.1 million for the three months ended June 30, 2026 and 2025, respectively, and $138.1 million and $89.6 million for the six months ended June 30, 2026 and 2025, respectively. Future amortization is estimated as follows (in thousands):
2026 - remainder$138,407 
2027273,078 
2028271,380 
2029265,022 
2030262,544 
Thereafter2,183,347 
Total
$3,393,778