| Schedule of Intangible Assets |
At June 30, 2016 and December 31, 2015, intangible assets subject to amortization consisted of the following:
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June 30, 2016 |
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December 31, 2015 |
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Weighted-Average 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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7.9 |
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$ |
25,563 |
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$ |
14,121 |
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$ |
25,563 |
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$ |
12,488 |
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Relationships with financial advisors |
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15.2 |
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110,671 |
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36,241 |
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110,671 |
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32,028 |
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Covenants not-to-compete |
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3.9 |
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6,035 |
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3,988 |
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6,035 |
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3,347 |
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Customer accounts |
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8.3 |
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2,029 |
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1,890 |
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2,029 |
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1,765 |
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Trade names |
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7.7 |
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16,910 |
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8,904 |
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16,910 |
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7,790 |
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Renewal revenue |
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7.9 |
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41,381 |
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9,854 |
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41,381 |
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7,263 |
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Referral agreement |
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6.6 |
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124 |
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110 |
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124 |
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101 |
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Total |
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$ |
202,713 |
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$ |
75,108 |
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$ |
202,713 |
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$ |
64,782 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
As of June 30, 2016, remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:
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Remainder of 2016 |
$ |
10,320 |
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2017 |
20,208 |
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2018 |
19,424 |
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2019 |
15,959 |
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2020 |
14,491 |
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2021 - 2039 |
47,203 |
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$ |
127,605 |
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