Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.4.0.3
Intangible Assets
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

At March 31, 2016 and December 31, 2015, intangible assets subject to amortization consisted of the following:

 
 
 
 
March 31, 2016
 
December 31, 2015
  
 
Weighted-Average Estimated Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Technology
 
7.9
 
$
25,563

 
$
13,305

 
$
25,563

 
$
12,488

Relationships with financial advisors
 
15.2
 
110,671

 
34,136

 
110,671

 
32,028

Vendor relationships
 
7
 
3,613

 
3,613

 
3,613

 
3,613

Covenants not-to-compete
 
3.9
 
6,035

 
3,667

 
6,035

 
3,347

Customer accounts
 
8.3
 
2,029

 
1,827

 
2,029

 
1,765

Trade names
 
7.7
 
16,910

 
8,347

 
16,910

 
7,790

Renewal revenue
 
7.9
 
41,381

 
8,540

 
41,381

 
7,263

Relationships with investment banking clients
 
4
 
2,586

 
2,586

 
2,586

 
2,586

Leases
 
6
 
861

 
861

 
861

 
861

Referral agreement
 
6.6
 
124

 
105

 
124

 
101

Other
 
6
 
67

 
67

 
67

 
67

Total
 
 
 
$
209,840

 
$
77,054

 
$
209,840

 
$
71,909



Aggregate amortization expense for the three months ended March 31, 2016 and 2015, respectively, amounted to $5,145 and $5,109. The weighted-average amortization period for total amortizable intangibles at March 31, 2016 is 9.57 years. As of March 31, 2016, remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:

 
 
2016
$
15,502

2017
20,208

2018
19,424

2019
15,875

2020
14,491

2021 - 2039
47,286

  
$
132,786