Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2025

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, 2024		Adjustments		Write-off		June 30, 2025
Goodwill
Global Wealth Management	$	335,009	$	17,388	$	—	$	352,397
Institutional Group		1,060,209		66,281		—		1,126,490
	$	1,395,218	$	83,669	$	—	$	1,478,887

	December 31, 2024		Adjustments		Amortization			June 30, 2025
Intangible assets
Global Wealth Management	$	24,385	$	5,031	$	(1,863	)	$	27,553
Institutional Group		89,189		7,787		(9,074	)		87,902
	$	113,574	$	12,818	$	(10,937	)	$	115,455

Intangible Assets

Intangible assets as of June 30, 2025 and December 31, 2024 were as follows (in thousands):

	June 30, 2025				December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Customer relationships	$	222,188	$	122,750	$	208,601	$	115,919
Trade names		29,109		23,026		29,109		22,210
Acquired technology		19,903		12,150		19,903		9,158
Non-compete agreements		10,152		8,774		10,152		8,559
Investment banking backlog		8,913		8,112		8,913		7,327
Core deposits		8,615		8,613		8,615		8,546
	$	298,880	$	183,425	$	285,293	$	171,719

Amortization Expense in Future Periods

As of June 30, 2025, we expect amortization expense in future periods to be as follows (in thousands):

Fiscal year
Remainder of 2025	$	11,588
2026		19,347
2027		15,586
2028		14,508
2029		13,420
Thereafter		38,888
	$	113,337