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Intangible Assets
 3 Months Ended
Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

4.

INTANGIBLE ASSETS

Intangible Assets, Net consists of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2017

 

 

2016

 

Finite-Lived Intangible Assets

 

 

 

 

 

 

 

 

Customer Relationships

 

$

26,476

 

 

$

26,476

 

Trade Name

 

 

5,700

 

 

 

5,700

 

Client Mandates and Other

 

 

—

 

 

 

1,276

 

Total Intangible Assets

 

 

32,176

 

 

 

33,452

 

Accumulated Amortization

 

 

(18,130

)

 

 

(18,739

)

Intangible Assets, Net (a)

 

$

14,046

 

 

$

14,713

 

 

(a)

Excludes fully amortized intangible assets.

Amortization expense was $0.7 million and $2.8 million for the three months ended March 31, 2017 and 2016, respectively.

Amortization of intangible assets held at March 31, 2017 is expected to be $2.4 million for the year ending December 31, 2017 and $2.3 million for each of the years ending December 31, 2018, 2019, 2020 and 2021. The intangible assets as of March 31, 2017 are expected to amortize over a weighted-average period of 8.5 years.