Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Financial Information about Business Segments

The following tables highlight certain financial information about each of the Company’s business segments for the years ended December 31, 2024, 2023 and 2022:

	Investment Managers		Private Banks		Investment Advisors		Institutional Investors		Investments in New Businesses		Total
	For the Year Ended December 31, 2024
Total revenue	$	728,390	$	541,414	$	509,408	$	285,723	$	60,216	$	2,125,151
Less:
Operations & services	324,602		200,250		162,396		85,807		19,454		792,509
Sales, marketing & client service	40,143		41,463		31,872		41,612		19,408		174,498
Technology services & infrastructure	43,293		110,154		33,812		5,998		5,531		198,788
Strategic initiatives & new business development	33,804		85,662		48,526		14,241		23,427		205,660
Other segment expenses (1)	11,243		22,846		6,296		7,043		6,879		54,307
Segment profit (loss)	$	275,305	$	81,039	$	226,506	$	131,022	$	(14,483)	$	699,389

	Investment Managers		Private Banks		Investment Advisors		Institutional Investors		Investments in New Businesses		Total
			For the Year Ended December 31, 2023
Total revenue	$	645,254	$	496,317	$	436,298	$	289,708	$	52,216	$	1,919,793
Less:
Operations & services	289,348		200,946		145,094		87,778		17,553		740,719
Sales, marketing & client service	35,914		37,271		28,547		52,056		17,171		170,959
Technology services & infrastructure	42,001		105,698		31,246		5,284		5,307		189,536
Strategic initiatives & new business development	42,811		86,888		49,657		14,567		27,227		221,150
Other segment expenses (1)	9,122		17,687		4,598		5,770		3,487		40,664
Segment profit (loss)	$	226,058	$	47,827	$	177,156	$	124,253	$	(18,529)	$	556,765

	Investment Managers		Private Banks		Investment Advisors		Institutional Investors		Investments in New Businesses		Total
			For the Year Ended December 31, 2022
Total revenue	$	599,661	$	570,010	$	447,766	$	323,353	$	50,247	$	1,991,037
Less:
Operations & services	270,129		201,113		137,979		95,860		16,629		721,710
Sales, marketing & client service	39,116		49,449		26,774		50,849		22,146		188,334
Technology services & infrastructure	37,867		102,839		28,247		5,197		5,754		179,904
Strategic initiatives & new business development	27,842		96,484		54,605		15,207		22,013		216,151
Other segment expenses (1)	7,011		17,936		4,045		5,139		6,890		41,021
Segment profit (loss)	$	217,696	$	102,189	$	196,116	$	151,101	$	(23,185)	$	643,917

(1) Other segment expenses for each reportable segment includes professional services, occupancy and certain overhead expenses.

Schedule of Reconciliation of Total Operating Profit Reported for Business Segments to Income from Operations in Consolidated Statements of Operations

A reconciliation of the total segment profit to income from operations on the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 is as follows:

Year Ended December 31,	2024		2023		2022
Total segment profit	$	699,389	$	556,765	$	643,917
Corporate overhead expenses (2)	(147,648)		(132,241)		(168,164)
Income from operations	551,741		424,524		475,753

(2) Corporate overhead expenses in 2022 include the total costs of the Voluntary Separation Program (See Note 14).

Schedule of Additional Information Pertaining to Business Segments

The following tables provide additional information for the years ended December 31, 2024, 2023 and 2022 pertaining to the Company's business segments:

	Capital Expenditures (3)						Depreciation
Year Ended December 31,	2024		2023		2022		2024		2023		2022
Investment Managers	$	25,115	$	26,603	$	20,931	$	6,527	$	8,327	$	7,807
Private Banks	18,118		19,331		32,454		11,129		21,887		21,237
Investment Advisors	8,332		9,329		13,027		8,754		2,040		1,933
Institutional Investors	2,895		1,639		3,884		2,411		1,207		1,142
Investments in New Businesses	878		857		824		712		971		825
Total from business segments	$	55,338	$	57,759	$	71,120	$	29,533	$	34,432	$	32,944
Corporate Overhead	1,228		1,384		1,714		3,825		868		713
	$	56,566	$	59,143	$	72,834	$	33,358	$	35,300	$	33,657

(3) Capital expenditures include additions to property and equipment and capitalized software.

	Amortization
Year Ended December 31,	2024		2023		2022
Investment Managers	$	362	$	771	$	6,400
Private Banks	20,514		19,094		25,886
Investment Advisors	8,540		7,620		9,905
Institutional Investors	7,576		7,324		8,166
Investments in New Businesses	4,556		3,579		3,660
Total from business segments	$	41,548	$	38,388	$	54,017
Corporate Overhead	321		281		263
	$	41,869	$	38,669	$	54,280

Schedule of Revenues and Assets Based on Location

The following table presents revenues based on the location of the use of the products or services:

For the Year Ended December 31,	2024		2023		2022
United States	$	1,816,650	$	1,640,109	$	1,623,022
International operations	308,501		279,684		368,015
	$	2,125,151	$	1,919,793	$	1,991,037

The following table presents assets based on their location:

	2024		2023
United States	$	2,223,489	$	2,041,083
International operations	461,117		478,920
	$	2,684,606	$	2,520,003