Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

The Company conducted a valuation study to determine the acquisition-date fair value of assets acquired and liabilities assumed and related allocation of purchase price of SSN. The following table summarizes the fair value of assets acquired and liabilities assumed at the acquisition date:



Cash	$	8,081
Securities owned, at fair value	158
Receivables from clearing broker	630
Other receivables, net	11,711			⁽²⁾
Fixed assets, net	57
Notes receivable	225
Identifiable intangible assets	30,901
Goodwill	9,282			⁽¹⁾
Other assets	714
Total assets acquired	61,759
Commissions and fees payable	(12,562		)	⁽²⁾
Deferred income	(44		)
Accounts payable and accrued liabilities	(1,866		)	⁽¹⁾
Total liabilities assumed	(14,472		)
Total purchase price	$	47,287

(1) Increased by $484 from amounts originally reported.

(2) Increased by $9,100 from amounts originally reported.

Schedule of Indefinite-lived Intangible Assets Acquired

Identifiable intangible assets as of the acquisition date consist of:



			Estimated Useful Life
			(years)
Relationships with financial advisors	$	26,654		20
Technology	2,080			12.5
Trade name	1,756			9
Non-compete agreements	411			3
Total identifiable intangible assets	$	30,901