Annual report pursuant to section 13 and 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
 Intangible Assets


At December 31, 2013 and 2012, intangible assets subject to amortization consisted of the following:



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
December 31, 2012
  
 
Estimated Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Technology
 
1 & 7.7
 
$
21,422

 
$
6,359

 
$
21,422

 
$
3,621

Relationships with financial advisors
 
20, 10.2 &
9.2
 
68,688

 
17,554

 
68,688

 
11,523

Vendor relationships
 
7
 
3,613

 
2,998

 
3,613

 
2,482

Covenants not-to-compete
 
5 & 2.2
 
1,773

 
1,735

 
1,773

 
1,551

Customer accounts
 
10 & 6.9
 
2,029

 
1,266

 
2,029

 
1,017

Trade names
 
10 & 7.2
 
12,290

 
3,716

 
12,290

 
2,002

Relationships with investment banking clients
 
4
 
2,586

 
2,586

 
2,586

 
2,586

Leases
 
6.4
 
861

 
861

 
1,004

 
730

Referral agreement
 
6.6
 
124

 
64

 
124

 
43

Other
 
6
 
67

 
63

 
67

 
53

Total
 
 
 
$
113,453

 
$
37,202

 
$
113,596

 
$
25,608



Aggregate amortization expense amounted to $11,594, $11,683 and $4,060 for the years ended December 31, 2013, 2012 and 2011, respectively. In 2013, the Company wrote off $143 of the unamortized balance of a lease intangible. The weighted-average amortization period for total amortizable intangibles at December 31, 2013 is 8.04 years. Estimated amortization expense for each of the five succeeding years and thereafter is as follows:

 
 
2014
$
11,219

2015
10,910

2016
10,711

2017
10,551

2018
10,477

2019 – 2027
22,383

  
$
76,251