Investments (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Investments [Abstract]

Schedule of Investments

The Company's investments, excluding the assets of consolidated investment products ("CIP") discussed in Note 14, at September 30, 2025 and December 31, 2024 were as follows:

(in thousands)	September 30, 2025		December 31, 2024
Investment securities - fair value	$	110,561	$	83,771
Equity method investments (1)	19,345		20,286
Nonqualified retirement plan assets	19,606		15,159
Total investments	$	149,512	$	119,216

(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, 2025				December 31, 2024
(in thousands)	Cost		Fair Value		Cost		Fair Value
Investment Securities - fair value
Sponsored funds	$	53,466	$	56,383	$	63,220	$	63,296
Equity securities	19,020		22,124		17,406		19,019
Debt securities	32,059		32,054		1,457		1,456
Total investment securities - fair value	$	104,545	$	110,561	$	82,083	$	83,771