Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

Related party transactions include the below:

(Dollars in Thousands)
Related Party Receivables	Condensed Consolidated Balance Sheet Line Item	As of September 30, 2025		As of December 31, 2024
Due from Certain TWMH Members, TIG GP Members and TIG MGMT Members	Other assets	$	276	$	435
Due from Equity Method Investees	Other assets	$	50	$	30
Working capital adjustment in connection with the purchase of Kontora	Other assets	$	1,393	$	—
Due from Alvarium related fee arrangements	Fees receivable, net	$	—	$	84
Due from TIG related fee arrangements	Fees receivable, net	$	1,808	$	804
Related Party Investments
Equity method investment with Allianz	Equity method investments	$	—	$	20,300
Related Party Payables
Due to Certain TWMH Members, TIG GP Members and TIG MGMT Members	Accrued member distribution payable	$	(3,260)	$	(3,355)
Due to Certain Non-Controlling Interest Holders in Connection with the Tax Receivable Agreements	TRA liability	$	(32,484)	$	(28,765)
Delayed share purchase agreement	Delayed share purchase agreement	$	—	$	—
Delayed share purchase agreement	Accrued compensation and profit sharing	$	—	$	—
PW deferred consideration	Other liabilities	$	—	$	(3,339)
Due to certain employees	Other liabilities	$	(740)	$	—
Due to Certain TWMH Members, TIG GP Members, TIG MGMT Members and Alvarium Shareholders in connection with the Business Combination Earn-out	Earn-out liabilities, at fair value	$	(11,401)	$	(23,848)
EEA earn-out liability	Earn-out liabilities, at fair value	$	(24,225)	$	(29,871)
Envoi earn-out consideration liability	Earn-out liabilities, at fair value	$	(7,260)	$	(9,600)
Envoi earn-out growth consideration liability	Earn-out liabilities, at fair value	$	(1,070)	$	(1,320)
Kontora earn-out liability	Earn-out liabilities, at fair value	$	(6,789)	$	—
Preferred stock tranche liability	Preferred stock tranche liability	$	(1,650)	$	(3,940)
Office lease liability	Operating lease liabilities	$	(1,236)	$	(305)
Mezzanine Equity
Series A Preferred Stock	Series A Redeemable Cumulative Convertible Preferred Stock	$	166,924	$	142,858
Series C Preferred Stock	Series C Redeemable Cumulative Convertible Preferred Stock	$	172,793	$	160,808
Shareholders’ Equity
Delayed share purchase agreement	Additional paid-in capital	$	—	$	40
Allianz Warrants, net of issuance costs	Additional paid-in capital	$	6,591	$	6,591
Constellation Warrants, net of issuance costs	Additional paid-in capital	$	3,003	$	3,003