Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.19.3
Intangible Assets
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

At September 30, 2019 and December 31, 2018, intangible assets subject to amortization consisted of the following:

 
 
 
 
September 30, 2019
 
December 31, 2018
  
 
Weighted-Average Estimated Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Technology
 
7.9
 
$
25,563

 
$
23,774

 
$
25,563

 
$
22,187

Relationships with financial advisors
 
14.3
 
126,122

 
67,430

 
126,122

 
59,584

Covenants not-to-compete
 
3.8
 
6,964

 
6,610

 
6,964

 
6,258

Trade names
 
7.7
 
16,921

 
14,860

 
16,916

 
14,472

Total
 
 
 
$
175,570

 
$
112,674

 
$
175,565

 
$
102,501




Aggregate amortization expense for the nine months ended September 30, 2019 and 2018 amounted to $10,173 and $11,552, respectively. The weighted-average amortization period for total amortizable intangibles at September 30, 2019 is 9.81 years. As of September 30, 2019, the remaining estimated amortization expense for each of the five succeeding years or remaining period of such, and thereafter is as follows:
 
 
Remainder of 2019
$
2,898

2020
11,466

2021
6,628

2022
6,555

2023
6,217

2024 - 2036
29,132

  
$
62,896