Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

Information regarding the Company’s intangible assets is as follows:

June 30, 2023	Gross carrying amount		Accumulated amortization		Net carrying amount
Indefinite-lived intangible assets:
Broker-dealer relationships	$	570,480	$	—	$	570,480
Enterprise distribution channel customer relationships	17,500		—		17,500
Definite-lived intangible assets:
Trade names	50,530		(15,939)		34,591
Technology	19,600		(4,206)		15,394
Customer relationships	36,450		(8,394)		28,056
Regulatory licenses	34,850		(11,616)		23,234
Non-compete agreements	400		(267)		133
Total	$	729,810	$	(40,422)	$	689,388

December 31, 2022	Gross carrying amount		Accumulated amortization		Net carrying amount
Indefinite-lived intangible assets:
Broker-dealer relationships	$	570,480	$	—	$	570,480
Enterprise distribution channel customer relationships	17,500		—		17,500
Definite-lived intangible assets:
Trade names	50,530		(14,573)		35,957
Technology	19,600		(2,717)		16,883
Customer relationships	36,450		(6,948)		29,502
Regulatory licenses	34,850		(10,745)		24,105
Non-compete agreements	400		(200)		200
Total	$	729,810	$	(35,183)	$	694,627

Summary of Estimated Amortization Expense for Definite-Lived Intangible Assets

Estimated amortization expense for definite‑lived intangible assets for future years is as follows:

Remainder of 2023	$	5,245
2024	10,425
2025	10,308
2026	9,158
2027	9,158
2028 and thereafter	57,114
Total	$	101,408