Investments (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Investments [Abstract]

Schedule of Investments

The Company's investments, excluding the assets of consolidated investment products ("CIP") discussed in Note 15, at June 30, 2026 and December 31, 2025 were as follows:

(in thousands)	June 30, 2026		December 31, 2025
Investment securities - fair value	$	49,700	$	76,462
Equity method investments (1)	59,591		60,928
Nonqualified retirement plan assets	30,582		20,090
Total investments	$	139,873	$	157,480

(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:

	June 30, 2026				December 31, 2025
(in thousands)	Cost		Fair Value		Cost		Fair Value
Investment Securities - fair value
Sponsored funds	$	27,146	$	27,923	$	51,993	$	51,013
Equity securities	15,424		19,004		19,703		22,903
Debt securities	2,786		2,773		2,531		2,546
Total investment securities - fair value	$	45,356	$	49,700	$	74,227	$	76,462