Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

At March 31, 2018 and December 31, 2017, intangible assets subject to amortization consisted of the following:



		March 31, 2018				December 31, 2017
	Weighted-Average Estimated Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Technology	7.9	$	25,563	$	19,837	$	25,563	$	19,020
Relationships with financial advisors	14.7	117,995		52,261		117,995		49,925
Covenants not-to-compete	3.9	6,421		5,858		6,421		5,732
Trade names	7.7	16,910		12,802		16,910		12,245
Renewal revenue ⁽¹⁾	7.9	—		—		41,381		17,737
Total		$	166,889	$	90,758	$	208,270	$	104,659

(1) Due to the adoption of ASC 606 on January 1, 2018, the Company eliminated the renewal revenue intangible asset, net that was created through the Company's acquisition of Highland in 2014. See Note 2 for further information.

Aggregate amortization expense for the three months ended March 31, 2018 and 2017 amounted to $3,835 and $5,486, respectively. The weighted-average amortization period for total amortizable intangibles at March 31, 2018 is 10.09 years. As of March 31, 2018, the remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:




Remainder of 2018	$	11,372
2019	11,732
2020	10,145
2021	5,432
2022	5,432
2023 - 2039	32,018
	$	76,131