ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE

12 Months Ended

Dec. 31, 2020

ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE

ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE

NOTE 18 – ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE

During the year ended December 31, 2019, the Company was actively seeking to sell its Los Angeles-based fixed income portfolio management team ("LA fixed income team") and certain advisory and sub-advisory arrangements. As such, the related assets and liabilities were classified as a disposal group held for sale and were presented separately in the Consolidated Balance Sheets for the year ended December 31, 2019. On November 13, 2020, the Company completed the sale of these assets. The Company has no assets or liabilities classified as a disposal group held for sale as of December 31, 2020.

Intangible assets and other liabilities in disposal groups held for sale are as follows at the dates noted (in thousands):

	December 31,		December 31,
	2020		2019
ASSETS
Goodwill	$	—	$	3,553
Assets in disposal groups held for sale	$	—	$	3,553
LIABILITIES
Other liabilities	$	—	$	117
Liabilities in disposal groups held for sale	$	—	$	117