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Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of the Company's goodwill by segment are as follows:
Institutional InvestorsInvestment ManagersInvestments in New BusinessesTotal
Balance, December 31, 2022
$47,108 $56,992 $11,499 $115,599 
Foreign currency translation adjustments— 3 — 3 
Balance, March 31, 2023
$47,108 $56,995 $11,499 $115,602 
In April 2018, the Company acquired all ownership interests of Huntington Steele, LLC (Huntington Steele). The total purchase price for Huntington Steele included a contingent purchase price payable to the sellers which is determined at various intervals occurring between 2019 and 2023. The Company made payments of $904 and $868 during the three months ended March 31, 2023 and 2022, respectively, to the sellers. As of March 31, 2023, the remaining amount of the contingent consideration of $8,777 is included in Accrued liabilities on the accompanying Balance Sheet. Beginning in April 2023, the Company or the sellers can demand immediate payment of the contingent consideration. As of April 18, 2023, neither party has invoked the demand for payment of the contingent consideration.
The Company recognized $3,055 and $3,253 of amortization expense related to acquired intangible assets during the three months ended March 31, 2023 and 2022, respectively.