| Summary of Intangible Assets |
Information regarding the Company’s intangible assets is as follows:
|
December 31, 2021 |
|
Gross carrying
amount |
|
|
Accumulated
amortization |
|
|
Net carrying
amount |
|
|
Estimated remaining useful life |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker-dealer relationships |
|
$ |
570,480 |
|
|
$ |
— |
|
|
$ |
570,480 |
|
|
|
|
Voyant enterprise distribution channel customer relationships |
|
|
32,100 |
|
|
|
— |
|
|
|
32,100 |
|
|
|
|
Definite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names |
|
|
45,830 |
|
|
|
(11,839 |
) |
|
|
33,991 |
|
|
15 years |
|
Broker-dealer license |
|
|
11,550 |
|
|
|
(2,984 |
) |
|
|
8,566 |
|
|
15 years |
|
ATC regulatory status |
|
|
23,300 |
|
|
|
(6,019 |
) |
|
|
17,281 |
|
|
15 years |
|
Voyant non-enterprise distribution channel customer relationships |
|
|
9,500 |
|
|
|
(339 |
) |
|
|
9,161 |
|
|
14 years |
|
GFPC adviser relationships |
|
|
14,250 |
|
|
|
(2,757 |
) |
|
|
11,493 |
|
|
11 years |
|
OBS adviser and trust relationships |
|
|
9,500 |
|
|
|
(1,378 |
) |
|
|
8,122 |
|
|
11 years |
|
Voyant trade name |
|
|
3,200 |
|
|
|
(145 |
) |
|
|
3,055 |
|
|
11 years |
|
Voyant technology |
|
|
16,000 |
|
|
|
(889 |
) |
|
|
15,111 |
|
|
9 years |
|
Voyant non-compete agreement |
|
|
400 |
|
|
|
(67 |
) |
|
|
333 |
|
|
3 years |
|
Total |
|
$ |
736,110 |
|
|
$ |
(26,417 |
) |
|
$ |
709,693 |
|
|
|
|
December 31, 2020 |
|
Gross carrying
amount |
|
|
Accumulated
amortization |
|
|
Net carrying
amount |
|
|
Estimated remaining useful life |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broker-dealer relationships |
|
$ |
570,480 |
|
|
$ |
— |
|
|
$ |
570,480 |
|
|
|
|
Definite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade names |
|
|
45,830 |
|
|
|
(9,548 |
) |
|
|
36,282 |
|
|
16 years |
|
Broker-dealer license |
|
|
11,550 |
|
|
|
(2,406 |
) |
|
|
9,144 |
|
|
16 years |
|
ATC regulatory status |
|
|
23,300 |
|
|
|
(4,854 |
) |
|
|
18,446 |
|
|
16 years |
|
GFPC adviser relationships |
|
|
14,250 |
|
|
|
(1,739 |
) |
|
|
12,511 |
|
|
12 years |
|
OBS adviser and trust relationships |
|
|
9,500 |
|
|
|
(627 |
) |
|
|
8,873 |
|
|
12 years |
|
Total |
|
$ |
674,910 |
|
|
$ |
(19,174 |
) |
|
$ |
655,736 |
|
|
|
|
| Summary of Estimated Amortization Expense for Definite-Lived Intangible Assets |
Estimated amortization expense for definite‑lived intangible assets for future years is as follows:
|
Year Ended December 31: |
|
Estimated
amortization |
|
|
2022 |
|
$ |
8,684 |
|
|
2023 |
|
|
8,684 |
|
|
2024 |
|
|
8,617 |
|
|
2025 |
|
|
8,551 |
|
|
2026 |
|
|
8,551 |
|
|
2027 and thereafter |
|
|
64,026 |
|
|
Total |
|
$ |
107,113 |
|
|