Related-Party Transactions (Tables)

9 Months Ended

Sep. 30, 2024

Related Party Transactions [Abstract]

Summary of Related-Party Transactions

(in thousands)	September 30, 2024		December 31, 2023
Related party assets
Cash and cash equivalents	$	169,541	$	109,183
Receivables (investment management fees)		48,676		46,217
Receivables (fund administration and distribution fees)		15,096		14,238
Prepaid expenses		483		730
Investments (investments in proprietary funds, fair value)		596		534
Investments (deferred compensation plan investments, fair value)		34,012		31,143
Total	$	268,404	$	202,045
Related party liabilities
Accounts payable and accrued expenses (fund reimbursements)	$	5,549	$	5,641

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
Related party revenue
Investment management fees	$	135,511	$	124,845	$	395,028	$	366,738
Fund administration and distribution fees		47,819		45,735		140,349		135,035
Total	$	183,330	$	170,580	$	535,377	$	501,773
Related party expense
General and administrative	$	119	$	117	$	337	$	366
Related party other income (expense)
Interest income and other income (expense)	$	3,385	$	465	$	7,953	$	3,260