GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

Goodwill and intangible assets consist of the following:

(in millions)	9/30/2025		12/31/2024
Goodwill	$	2,642.8	$	2,642.8
Indefinite-lived intangible asset - trade name	86.0		86.0
Indefinite-lived intangible asset - investment advisory agreement	62.3		65.6
Definite-lived intangible assets - investment advisory agreements	146.3		216.5
Total	$	2,937.4	$	3,010.9

Schedule of Definite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for the definite-lived intangible assets for the five succeeding years is as follows:

(in millions)
Remaining 2025	$	20.4
2026	$	54.6
2027	$	39.1
2028	$	11.8
2029	$	8.8