Intangible Assets |
At December 31, 2012 and 2011, intangible assets subject to amortization consisted of the following:
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December 31, 2012 |
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December 31, 2011 |
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Estimated Useful Life (years) |
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Gross Carrying Amount |
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Accumulated Amortization |
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Gross Carrying Amount |
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Accumulated Amortization |
Technology |
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1 & 7.7 |
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$ |
21,422 |
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$ |
3,621 |
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$ |
21,422 |
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$ |
882 |
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Relationships with financial advisors |
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20, 10.2 & 9.2
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68,688 |
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11,523 |
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67,895 |
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5,576 |
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Vendor relationships |
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7 |
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3,613 |
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2,482 |
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3,613 |
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1,966 |
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Covenants not-to-compete |
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5 & 2.2 |
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1,773 |
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1,551 |
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1,724 |
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1,219 |
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Customer accounts |
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10 & 6.9 |
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2,029 |
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1,017 |
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2,029 |
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767 |
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Trade names |
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7.2 & 10 |
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12,290 |
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2,002 |
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12,290 |
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288 |
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Relationships with investment banking clients |
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4 |
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2,586 |
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2,586 |
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2,586 |
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2,586 |
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Leases |
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6 |
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1,004 |
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730 |
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1,004 |
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|
574 |
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Referral agreement |
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6.6 |
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124 |
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43 |
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124 |
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25 |
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Other |
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6 |
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67 |
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53 |
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67 |
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42 |
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Total |
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$ |
113,596 |
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$ |
25,608 |
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$ |
112,754 |
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$ |
13,925 |
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
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2013 |
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$ |
11,613 |
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2014 |
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11,336 |
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2015 |
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10,910 |
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2016 |
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10,711 |
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2017 |
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10,551 |
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2018 – 2027 |
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32,867 |
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$ |
87,988 |
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