Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.10.0.1
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
At June 30, 2018 and December 31, 2017, intangible assets subject to amortization consisted of the following:

 
 
 
 
June 30, 2018
 
December 31, 2017
  
 
Weighted-Average Estimated Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Technology
 
7.9
 
$
25,563

 
$
20,653

 
$
25,563

 
$
19,020

Relationships with financial advisors
 
14.7
 
117,995

 
54,597

 
117,995

 
49,925

Covenants not-to-compete
 
3.9
 
6,421

 
5,985

 
6,421

 
5,732

Trade names
 
7.7
 
16,910

 
13,358

 
16,910

 
12,245

Renewal revenue (1)
 
7.9
 

 

 
41,381

 
17,737

Total
 
 
 
$
166,889

 
$
94,593

 
$
208,270

 
$
104,659



(1) Due to the adoption of ASC 606 on January 1, 2018, the Company eliminated the renewal revenue intangible asset, net, that was created through the Company's acquisition of Highland in 2014. See Note 2 for further information.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of June 30, 2018, the remaining estimated amortization expense for each of the five succeeding years and thereafter is as follows:
 
 
Remainder of 2018
$
7,537

2019
11,732

2020
10,145

2021
5,432

2022
5,432

2023 - 2039
32,018

  
$
72,296