Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenue
Total revenue		$ 351,212	$ 219,621	$ 570,814	$ 435,478
Expenses
Personnel compensation and benefits		108,918	55,660	165,054	115,114
Distribution and other asset-based expenses		62,039	36,474	97,516	72,737
General and administrative		23,381	14,385	37,709	28,397
Depreciation and amortization		21,794	7,551	29,226	15,152
Change in value of consideration payable for acquisition of business		1,092	(8,200)	4,498	4,000
Acquisition-related costs		25,780	3,049	34,530	4,075
Restructuring and integration costs		13,994	105	15,159	597
Total operating expenses		256,998	109,024	383,692	240,072
Income from operations		94,214	110,597	187,122	195,406
Other income (expense)
Interest income and other income		6,006	1,557	6,710	5,122
Interest expense and other financing costs		(13,234)	(16,279)	(26,445)	(32,765)
Loss on debt extinguishment		0	(100)	0	(100)
Total other expense, net		(7,228)	(14,822)	(19,735)	(27,743)
Income before income taxes		86,986	95,775	167,387	167,663
Income tax expense		(28,252)	(21,524)	(46,678)	(37,721)
Net Income (Loss)		58,734	74,251	120,709	129,942
Preferred stock dividends		(9,673)	0	(9,673)	0
Net income attributable to preferred stockholders		(2,985)	0	(5,334)	0
Net income attributable to common shareholders	[1]	$ 46,076	$ 74,251	$ 105,702	$ 129,942
Earnings per share of common stock
Basic		$ 0.69	$ 1.15	$ 1.61	$ 2.01
Diluted		$ 0.68	$ 1.12	$ 1.59	$ 1.97
Weighted average number of shares outstanding
Basic		67,239	64,734	65,484	64,561
Diluted		67,980	66,075	66,358	66,025
Dividends declared per share of common stock		$ 0.49	$ 0.37	$ 0.96	$ 0.705
Investment Management Fees
Revenue
Total revenue		$ 282,306	$ 173,163	$ 455,607	$ 342,948
Fund Administration and Distribution Fees
Revenue
Total revenue		$ 68,906	$ 46,458	$ 115,207	$ 92,530

[1] Under the two-class method, total dividends provided to and undistributed earnings allocated to the preferred stockholders are subtracted from net income in determining income attributable to common stockholders.