| 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 | 29,854 | | | Purchase accounting adjustments | 7,084 | | Balance at June 30, 2026 | $ | 2,681,661 | |
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| Components of intangible assets |
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 Amortization | Net
Carrying
Value | | | Definite-lived intangibles, net(1): | | | | | | | Advisor and institution relationships | 13.2 | $ | 3,437,483 | | $ | (954,637) | | $ | 2,482,846 | | | | | Client relationships | 11.9 | 1,064,017 | | (183,203) | | 880,814 | | | | | Trade name | 15.1 | 26,000 | | (1,490) | | 24,510 | | | | | Technology | 2.6 | 20,930 | | (16,325) | | 4,605 | | | | | Product sponsor relationships | 0.8 | 234,086 | | (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 name | | | | 39,819 | | | | | 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 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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