Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the amounts of identified assets acquired and liabilities assumed at the acquisition date (reflecting acquisition adjustments recorded in the fourth quarter of 2022), as well as the consideration transferred to acquire CarVal (in thousands):

Summary of purchase consideration:
Fair value of AB Holding units issued	$	589,169
Fair value of contingent consideration	228,885
Total purchase consideration	$	818,054
Purchase price allocation:
Assets acquired:
Cash and cash equivalents	$	40,777
Receivables, net	82,523
Investments - other	947
Furniture, equipment, and leasehold improvements, net	2,464
Right-of-use assets	16,482
Other assets	10,600
Deferred tax asset	5,073
Intangible assets	303,000
Goodwill	666,130
Total assets acquired	1,127,996
Liabilities assumed:
Accounts payable and accrued expenses	(17,793)
Accrued compensation and benefits	(219,726)
Debt	(42,661)
Lease liabilities	(16,571)
Non-redeemable non-controlling interests in consolidated entities	(13,191)
Total liabilities assumed	(309,942)
Net assets acquired	$	818,054

Disposal Groups, Including Discontinued Operations

The following table summarizes the assets and liabilities of the disposal group classified as held for sale on the consolidated statement of financial condition as of December 31, 2022:

Cash and cash equivalents	$	159,123
Receivables, net:
Brokers and dealers	44,717
Brokerage clients	29,243
Other fees	22,988
Investments	24,507
Furniture and equipment, net	4,128
Other assets	107,764
Right-of-use assets	1,552
Intangible assets	4,903
Goodwill	159,826
Valuation adjustment (allowance) on disposal group	(7,400)
Total assets held for sale	$	551,351
Payables:
Brokers and dealers	$	32,983
Brokerage clients	10,232
Other liabilities	50,884
Accrued compensation and benefits	13,853
Total liabilities held for sale	$	107,952