Acquisitions (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the identified acquired assets and liabilities assumed as of the Westchester acquisition date:

	October 1, 2021
	(in thousands)
Assets:
Cash and cash equivalents	$	1,197
Intangible assets	144,400
Goodwill	23,040
Other assets	4,997
Total Assets	173,634
Liabilities
Accounts payable and accrued liabilities	4,300
Total liabilities	4,300
Total Net Assets Acquired	$	169,334

The following table summarizes the identified acquired assets:

	February 1, 2021
	Approximate Fair Value (in thousands)		Weighted Average Useful Life (in years)
Definite-lived intangible assets:
Open-end and closed-end fund investment contracts	$	101,447	13
Retail separate account investment contracts	17,000		6
Trade name	1,941		8
Total definite-lived intangible assets	120,388
Goodwill	25,000
Total assets acquired	$	145,388

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

In connection with the allocation of the Westchester purchase price, the Company identified the following intangible assets:

	October 1, 2021
	Approximate Fair Value (in thousands)		Weighted Average of Useful Life (in years)
Definite-lived intangible assets:
Investment management agreements	$	138,000	10
Trade names	6,400		10
Total definite-lived intangible assets	$	144,400