Annual report pursuant to Section 13 and 15(d)

Accrued Expenses and Other Liabilities

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Accrued Expenses and Other Liabilities
 12 Months Ended
Dec. 31, 2021
Accrued Liabilities, Current [Abstract]  
Accrued Expenses and Other Liabilities Accrued Expenses and Other Liabilities
 
Accrued expenses and other liabilities consisted of the following:
  December 31,
  2021 2020
Accrued compensation and related taxes $ 97,523  $ 71,039 
Accrued investment manager fees 95,858  57,894 
Accrued technology 8,951  4,701 
Accrued professional services 7,746  9,240 
Non-income tax payables 4,907  8,398 
Other accrued expenses 9,431  7,276 
Total accrued expenses and other liabilities $ 224,416  $ 158,548 

In the fourth quarter of 2020, as part of an organizational realignment, the Company entered into separation agreements with several employees. In connection with this realignment, the Company recognized approximately $5.2 million and $5.1 million of severance expense during the twelve months ended December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, the Company has accrued approximately $1.4 million and $5.1 million in accrued compensation and related taxes associated with these separation agreements, respectively.