Fair Value Measures and Disclosures (Tables)

3 Months Ended

Mar. 31, 2025

The tables below show the fair value of items that are measured at fair value using the fair value hierarchy:


	Fair Value as of		Level within the Fair Value Hierarchy as of March 31, 2025
(in millions)	March 31, 2025		Level 1		Level 2		Level 3
Cash equivalents	$	46.4	$	46.4	$	—	$	—
Investments:





Marketable equity investments, exchange-traded funds, and mutual funds	41.7		41.7		—		—

Marketable debt securities	2.3		2.3		—		—
Investments in unconsolidated entities:

Non-current investment in Wealth Advisors	26.2		26.2		—		—


Total	$	116.6	$	116.6	$	—	$	—



	Fair Value as of		Level within the Fair Value Hierarchy as of December 31, 2024
(in millions)	December 31, 2024		Level 1		Level 2		Level 3
Cash equivalents	$	43.5	$	43.5	$	—	$	—
Investments:





Marketable equity investments, exchange-traded funds, and mutual funds	42.3		42.3		—		—

Marketable debt securities	2.4		2.4		—		—



Investments in unconsolidated entities:
Investment in SmartX Advisory Solutions	24.7		—		—		24.7
Non-current investment in Wealth Advisors	24.9		24.9		—		—



Total	$	137.8	$	113.1	$	—	$	24.7