Fair Value Measures and Disclosures (Tables)

9 Months Ended

Sep. 30, 2025

The tables below present information about items that are measured at fair value:


	Fair Value as of		Level within the Fair Value Hierarchy as of September 30, 2025
(in millions)	September 30, 2025		Level 1		Level 2		Level 3
Cash equivalents	$	8.8	$	8.8	$	—	$	—
Investments:





Marketable equity investments, exchange-traded funds, and mutual funds	35.0		35.0		—		—

Marketable debt securities	1.5		1.5		—		—
Investments in unconsolidated entities:

Non-current investment in Wealth Advisors	22.8		22.8		—		—


Total	$	68.1	$	68.1	$	—	$	—



	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