| Schedule of Intangible Assets |
At December 31, 2014 and 2013, intangible assets subject to amortization consisted of the following:
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December 31, 2014 |
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December 31, 2013 |
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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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$ |
23,483 |
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$ |
9,223 |
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$ |
21,422 |
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$ |
6,359 |
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Relationships with financial advisors |
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20, 10.2 &
9.2 |
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81,438 |
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23,704 |
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68,688 |
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17,554 |
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Vendor relationships |
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7 |
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3,613 |
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3,458 |
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3,613 |
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2,998 |
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Covenants not-to-compete |
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5 & 2.2 |
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5,401 |
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2,100 |
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1,773 |
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1,735 |
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Customer accounts |
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10 & 6.9 |
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2,029 |
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1,516 |
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2,029 |
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1,266 |
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Renewal revenue |
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7.8 |
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39,503 |
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5,563 |
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— |
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— |
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Trade names |
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10, 7.2 & 9 |
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15,154 |
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2,099 |
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12,290 |
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3,716 |
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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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6.4 |
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861 |
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861 |
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861 |
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861 |
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Referral agreement |
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6.6 |
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124 |
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81 |
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124 |
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64 |
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Other |
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6 |
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67 |
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67 |
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67 |
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63 |
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Total |
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$ |
174,259 |
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$ |
51,258 |
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$ |
113,453 |
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$ |
37,202 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
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2015 |
$ |
18,509 |
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2016 |
18,311 |
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2017 |
17,834 |
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2018 |
17,204 |
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2019 |
13,778 |
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2020 – 2027 |
37,364 |
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$ |
123,000 |
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