v3.26.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets
Note 6—Goodwill and Intangible Assets
Goodwill associated with the Company’s acquisitions is as follows:
Total
Balance at December 31, 2024$34,383 
Acquisition of Devon Park Advisors38,308 
Balance at December 31, 202572,691 
Acquisition of Gleacher Shacklock66,470 
Foreign currency translation(1,332)
Balance at September 30, 2026$137,829 
Intangible assets in the form of customer relationships were acquired in the Gleacher Shacklock Acquisition. The estimated fair value of $11.9 million will be amortized on a straight-line basis over a weighted-average estimated useful life of 1.5 years.
The following table provides the detail of the Company’s intangible assets:
September 30, 2026

Gross Amount
Accumulated Amortization
Net Carrying Amount
Customer relationships$66,170 $(49,869)$16,301 
Trade names and trademarks18,400 (18,093)307 
Total$84,570 $(67,962)$16,608 
December 31, 2025

Gross AmountAccumulated AmortizationNet Carrying Amount
Customer relationships$54,500 $(43,664)$10,836 
Trade names and trademarks18,400 (16,713)1,687 
Total$72,900 $(60,377)$12,523 
Amortization expense related to intangible assets was $3.1 million and $7.6 million for the three and nine months ended September 30, 2026, respectively, and $1.6 million and $4.9 million for the three and nine months ended September 30, 2025, respectively, and is included in Depreciation and amortization on the Condensed Consolidated Statements of Operations.
The following table summarizes the future aggregate amortization expense of the Company’s intangible assets held at September 30, 2026:
Remainder of 2026
$4,155 
20279,229 
20282,634 
2029590 
Total$16,608