v3.25.4
Revenues
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Investment Management Fees by Source
The following table summarizes investment management fees by source:
Years Ended December 31,
(in thousands)202520242023
Investment management fees
Open-end funds$286,610 $317,990 $305,238 
Closed-end funds61,305 59,184 58,136 
Retail separate accounts209,538 209,467 171,357 
Institutional accounts167,586 187,189 176,744 
Total investment management fees$725,039 $773,830 $711,475 
No Company clients or sponsored funds provided 10 percent or more of the Company's investment management, administration and shareholder service fee revenues in the preceding three years.