Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.3.1.900
Intangible Assets
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

At December 31, 2015 and 2014, intangible assets subject to amortization consisted of the following:
 
 
Weighted-Average
 
December 31, 2015
 
December 31, 2014
  
 
Estimated Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Technology
 
7.9
 
$
25,563

 
$
12,488

 
$
23,483

 
$
9,223

Relationships with financial advisors
 
15.2
 
110,671

 
32,028

 
81,438

 
23,704

Vendor relationships
 
7
 
3,613

 
3,613

 
3,613

 
3,458

Covenants not-to-compete
 
3.9
 
6,035

 
3,347

 
5,401

 
2,100

Customer accounts
 
8.3
 
2,029

 
1,765

 
2,029

 
1,516

Trade names
 
7.7
 
16,910

 
7,790

 
15,154

 
2,099

Renewal revenue
 
7.9
 
41,381

 
7,263

 
39,503

 
5,563

Relationships with investment banking clients
 
4
 
2,586

 
2,586

 
2,586

 
2,586

Leases
 
6
 
861

 
861

 
861

 
861

Referral agreement
 
6.6
 
124

 
101

 
124

 
81

Other
 
6
 
67

 
67

 
67

 
67

Total
 
 
 
$
209,840

 
$
71,909

 
$
174,259

 
$
51,258



Aggregate amortization expense amounted to $20,650, $14,056 and $11,594 for the years ended December 31, 2015, 2014 and 2013, respectively. The weighted-average amortization period for total amortizable intangibles at December 31, 2015 is 9.69 years. Estimated amortization expense for each of the five succeeding years and thereafter is as follows:

 
 
2016
$
20,680

2017
20,203

2018
19,419

2019
15,871

2020
14,486

Thereafter
47,272

  
$
137,931