Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

At June 30, 2016 and December 31, 2015, intangible assets subject to amortization consisted of the following:

 
 
 
 
June 30, 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

 
$
14,121

 
$
25,563

 
$
12,488

Relationships with financial advisors
 
15.2
 
110,671

 
36,241

 
110,671

 
32,028

Covenants not-to-compete
 
3.9
 
6,035

 
3,988

 
6,035

 
3,347

Customer accounts
 
8.3
 
2,029

 
1,890

 
2,029

 
1,765

Trade names
 
7.7
 
16,910

 
8,904

 
16,910

 
7,790

Renewal revenue
 
7.9
 
41,381

 
9,854

 
41,381

 
7,263

Referral agreement
 
6.6
 
124

 
110

 
124

 
101

Total
 
 
 
$
202,713

 
$
75,108

 
$
202,713

 
$
64,782



Aggregate amortization expense for the six months ended June 30, 2016 and 2015, respectively, amounted to $10,326 and $10,240. The weighted-average amortization period for total amortizable intangibles at June 30, 2016 is 9.45 years. As of June 30, 2016, remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:

 
 
Remainder of 2016
$
10,320

2017
20,208

2018
19,424

2019
15,959

2020
14,491

2021 - 2039
47,203

  
$
127,605