Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.19.1
Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

At March 31, 2019 and December 31, 2018, intangible assets subject to amortization consisted of the following:

 
 
 
 
March 31, 2019
 
December 31, 2018
  
 
Weighted-Average Estimated Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Technology
 
7.9
 
$
25,563

 
$
22,944

 
$
25,563

 
$
22,187

Relationships with financial advisors
 
14.3
 
126,122

 
62,200

 
126,122

 
59,584

Covenants not-to-compete
 
3.8
 
6,964

 
6,378

 
6,964

 
6,258

Trade names
 
7.7
 
16,916

 
14,601

 
16,916

 
14,472

Total
 
 
 
$
175,565

 
$
106,123

 
$
175,565

 
$
102,501




Aggregate amortization expense for the three months ended March 31, 2019 and 2018 amounted to $3,622 and $3,835, respectively. The weighted-average amortization period for total amortizable intangibles at March 31, 2019 is 9.84 years. As of March 31, 2019, the remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:
 
 
Remainder of 2019
$
9,449

2020
11,466

2021
6,628

2022
6,554

2023
6,217

2024 - 2036
29,128

  
$
69,442