ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

12 Months Ended

Dec. 31, 2019

ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

NOTE 18 – INTANGIBLE ASSETS AND OTHER LIABILITIES CLASSIFIED AS HELD FOR SALE

During the year ended December 31, 2019, Company was actively seeking to sell its Los Angeles-based fixed income portfolio management team and certain advisory and sub-advisory arrangements. Management will continue to evaluate opportunities to divest the Los Angeles-based fixed income portfolio management team and therefore these assets and liabilities are classified as a disposal group held for sale and are presented separately in the consolidated balance sheet.

Intangible assets and other liabilities in disposal groups held for sale, all of which are included in the Capital Management segment, are as follows at the dates noted (in thousands):

	December 31,		December 31,
	2019		2018
ASSETS
Goodwill	$	3,553	$	—
Assets in disposal groups held for sale	$	3,553	$	—
LIABILITIES
Other liabilities	$	117	$	—
Liabilities in disposal groups held for sale	$	117	$	—