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Intangible Asset Amortization and Other Business Developments
3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Intangible Asset Amortization and Other Business Developments
Intangible Asset Amortization and Other Business Developments
Intangible Asset Amortization
Expense associated with the amortization of intangible assets for Investment Banking and Investment Management was $2,357 and $118, respectively, for the three months ended March 31, 2017 and $3,215 and $199, respectively, for the three months ended March 31, 2016, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations.
Subsequent Events
On May 8, 2017, the Company entered into an agreement to sell its institutional trust and independent fiduciary business, which is a part of its Investment Management segment. Completion of this transaction is expected to occur before the end of 2017. The assets associated with the business to be sold primarily consist of approximately $28,500 of goodwill and the liabilities consist of approximately $400 of deferred revenue.