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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2011
Goodwill and Intangible Assets 
Carrying Amount of Goodwill and Intangible Assets

 

 

December 31, 2010

 

Net additions

 

Impairment losses

 

September 30, 2011

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

128,524

 

$

5,410

 

$

0

 

$

133,934

 

Institutional Group

 

 

173,395

 

 

2,190

 

 

0

 

 

175,585

 

 

 

$

301,919

 

$

7,600

 

$

0

 

$

309,519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2010

 

Adjustments

 

Amortization

 

September 30, 2011

 

Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Wealth Management

 

$

21,463

 

$

0

 

$

(2,148

)

$

19,315

 

Institutional Group

 

 

13,132

 

 

(441

)

 

(1,440

)

 

11,251

 

 

 

$

34,595

 

$

(441

)

$

(3,588

)

$

30,566

 

Intangible Assets Subject to Amortization

 

 

 

 

 

 

 

 

September 30, 2011

 

December 31, 2010

 

 

 

Gross carrying value

 

Accumulated Amortization

 

Gross carrying value

 

Accumulated Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

37,068

 

$

13,854

 

$

37,068

 

$

11,015

 

Trade name

 

 

7,981

 

 

758

 

 

7,981

 

 

364

 

Non-compete agreement

 

 

2,441

 

 

2,399

 

 

2,441

 

 

2,238

 

Investment banking backlog

 

 

1,789

 

 

1,702

 

 

2,230

 

 

1,508

 

 

 

$

49,279

 

$

18,713

 

$

49,720

 

$

15,125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Expense in Future Periods

 

 

 

 

 

Fiscal year

 

 

 

 

Remainder of 2011

 

$

1,190

 

2012

 

 

3,909

 

2013

 

 

3,482

 

2014

 

 

3,185

 

2015

 

 

2,853

 

Thereafter

 

 

15,947

 

 

 

$

30,566