Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.8.0.1
Acquisitions (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of Business Acquisition
The Company conducted a valuation study to determine the acquisition-date fair value of assets acquired and liabilities assumed and related allocation of purchase price of SSN. The following table summarizes the fair value of assets acquired and liabilities assumed at the acquisition date:


Cash
$
8,081

 
Securities owned, at fair value
158

 
Receivables from clearing broker
630

 
Other receivables, net
11,711

(2) 
Fixed assets, net
57

 
Notes receivable
225

 
Identifiable intangible assets
30,901

 
Goodwill
9,282

(1) 
Other assets
714

 
Total assets acquired
61,759

 
Commissions and fees payable
(12,562
)
(2) 
Deferred income
(44
)
 
Accounts payable and accrued liabilities
(1,866
)
(1) 
Total liabilities assumed
(14,472
)
 
Total purchase price
$
47,287

 
(1) Increased by $484 from amounts originally reported.
(2) Increased by $9,100 from amounts originally reported.
Schedule of Indefinite-lived Intangible Assets Acquired
Identifiable intangible assets as of the acquisition date consist of:

 
 
 
Estimated Useful Life
(years)
Relationships with financial advisors
$
26,654

 
 
20
Technology
2,080

 
 
12.5
Trade name
1,756

 
 
9
Non-compete agreements
411

 
 
3
Total identifiable intangible assets
$
30,901