Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

At September 30, 2016 and December 31, 2015, intangible assets subject to amortization consisted of the following:

 
 
 
 
September 30, 2016
 
December 31, 2015
  
 
Weighted-Average Estimated Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Technology
 
7.9
 
$
25,563

 
$
14,938

 
$
25,563

 
$
12,488

Relationships with financial advisors
 
15.3
 
113,681

 
38,350

 
110,671

 
32,028

Covenants not-to-compete
 
3.9
 
6,095

 
4,308

 
6,035

 
3,347

Customer accounts
 
8.3
 
2,029

 
1,944

 
2,029

 
1,765

Trade names
 
7.7
 
16,910

 
9,461

 
16,910

 
7,790

Renewal revenue
 
7.9
 
41,381

 
11,168

 
41,381

 
7,263

Referral agreement
 
6.6
 
124

 
114

 
124

 
101

Total
 
 
 
$
205,783

 
$
80,283

 
$
202,713

 
$
64,782



Aggregate amortization expense for the nine months ended September 30, 2016 and 2015, respectively, amounted to $15,501 and $15,445. The weighted-average amortization period for total amortizable intangibles at September 30, 2016 is 9.59 years. As of September 30, 2016, the remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:

 
 
Remainder of 2016
$
5,188

2017
20,379

2018
19,594

2019
16,124

2020
14,641

2021 - 2039
49,574

  
$
125,500