In connection with business combinations, asset purchases and changes in business strategy, the Company incurs costs integrating investment platforms, products and personnel into existing systems, processes and service provider arrangements and restructuring the business to capture operating expense synergies.

The following table presents a rollforward of restructuring and integration liabilities, which as of June 30, 2026 and December 31, 2025 were included in accounts payable and accrued expenses on the unaudited Condensed Consolidated Balance Sheets.


	Restructuring and
(in millions)	Integration Costs
Liability Balance, December 31, 2025	$	5.4
Severance expense		0.5
Integration and other costs		5.3
Restructuring and integration costs		5.8
Settlement of liabilities		(4.9	)
Liability Balance, June 30, 2026	$	6.3