Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

At September 30, 2018 and December 31, 2017, intangible assets subject to amortization consisted of the following:



		September 30, 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	$	21,430	$	25,563	$	19,020
Relationships with financial advisors	14.4	123,477		56,953		117,995		49,925
Covenants not-to-compete	3.8	6,752		6,176		6,421		5,732
Trade names	7.7	16,915		13,915		16,910		12,245
Renewal revenue ⁽¹⁾	7.9	—		—		41,381		17,737
Total		$	172,707	$	98,474	$	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 3 for further information.

Aggregate amortization expense for the nine months ended September 30, 2018 and 2017 amounted to $11,552 and $16,142, respectively. The weighted-average amortization period for total amortizable intangibles at September 30, 2018 is 9.89 years. As of September 30, 2018, the remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:




Remainder of 2018	$	4,030
2019	12,857
2020	11,270
2021	6,269
2022	5,694
2023 - 2039	34,113
	$	74,233