Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount of Goodwill and Intangible Assets

The carrying amount of goodwill and intangible assets attributable to each of our reporting segments is presented in the following table (in thousands):

	December 31, 2023		Adjustments		Write-off		December 31, 2024
Goodwill
Global Wealth Management	$	335,009	$	—	$	—	$	335,009
Institutional Group		1,053,234		6,975				1,060,209
	$	1,388,243	$	6,975	$	—	$	1,395,218

	December 31, 2023		Adjustments		Amortization			December 31, 2024
Intangible assets
Global Wealth Management	$	28,687	$	—	$	(4,302	)	$	24,385
Institutional Group		104,592		3,863		(19,266	)		89,189
	$	133,279	$	3,863	$	(23,568	)	$	113,574

Intangible Assets

Intangible assets as of December 31, 2024 and 2023, were as follows (in thousands):

	December 31, 2024				December 31, 2023
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Customer relationships	$	208,601	$	115,919	$	208,063	$	103,548
Trade names		29,109		22,210		28,258		20,265
Acquired technology		19,903		9,158		18,314		3,447
Non-compete agreements		10,152		8,559		9,825		7,546
Investment banking backlog		8,913		7,327		8,913		5,758
Core deposits		8,615		8,546		8,615		8,145
	$	285,293	$	171,719	$	281,988	$	148,709

Amortization Expense in Future Periods

As of December 31, 2024, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year
2025	$	21,563
2026		17,458
2027		13,698
2028		12,653
2029		11,532
Thereafter		34,552
	$	111,456