| Schedule of Intangible Assets |
At December 31, 2019 and 2018, intangible assets subject to amortization consisted of the following:
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Weighted-Average |
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December 31, 2019 |
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December 31, 2018 |
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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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$ |
23,846 |
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$ |
25,563 |
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$ |
22,187 |
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Relationships with financial advisors |
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14.3 |
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126,122 |
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70,045 |
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126,122 |
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59,584 |
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Vendor relationships |
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7 |
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3,613 |
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3,613 |
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3,613 |
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3,613 |
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Covenants not-to-compete |
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3.8 |
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6,964 |
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6,692 |
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6,964 |
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6,258 |
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Customer accounts |
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8.3 |
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2,029 |
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2,029 |
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2,029 |
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2,029 |
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Trade names |
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7.7 |
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16,921 |
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14,989 |
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16,916 |
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14,472 |
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Relationships with investment banking clients |
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4 |
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2,586 |
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2,586 |
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2,586 |
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2,586 |
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Leases |
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6 |
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861 |
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861 |
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861 |
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861 |
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Referral agreement |
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6.6 |
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124 |
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124 |
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124 |
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|
124 |
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Other |
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6 |
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67 |
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67 |
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67 |
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|
67 |
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Total |
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$ |
184,850 |
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$ |
124,852 |
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$ |
184,845 |
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$ |
111,781 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
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2020 |
$ |
11,466 |
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2021 |
6,628 |
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2022 |
6,555 |
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2023 |
6,217 |
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2024 |
5,380 |
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Thereafter |
23,752 |
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$ |
59,998 |
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