Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

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

December 31, 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		(17,305)		33,225
Technology	19,600		(5,694)		13,906
Customer relationships	36,450		(9,846)		26,604
Regulatory licenses	34,850		(12,488)		22,362
Non-compete agreements	400		(335)		65
Total	$	729,810	$	(45,668)	$	684,142

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:

Year Ended December 31:	Estimated amortization
2024	$	10,425
2025	10,308
2026	9,158
2027	9,158
2028	9,158
2029 and thereafter	47,955
Total	$	96,162