Investments (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Investments [Abstract]

Schedule of Investments

The Company's investments, excluding the assets of consolidated investment products ("CIP") discussed in Note 16, at September 30, 2024 and December 31, 2023 were as follows:

(in thousands)	September 30, 2024		December 31, 2023
Investment securities - fair value	$	127,914	$	97,304
Equity method investments (1)	21,830		22,710
Nonqualified retirement plan assets	14,927		12,682
Total investments	$	164,671	$	132,696

(1)    The Company's equity method investments are valued on a three-month lag based upon the availability of financial information.

Schedule of Marketable Securities

The composition of the Company’s investment securities - fair value was as follows:

	September 30, 2024				December 31, 2023
(in thousands)	Cost		Fair Value		Cost		Fair Value
Investment Securities - fair value
Sponsored funds	$	77,211	$	80,303	$	80,794	$	77,433
Equity securities	17,674		21,693		16,353		19,871
Debt securities	25,887		25,918		—		—
Total investment securities - fair value	$	120,772	$	127,914	$	97,147	$	97,304