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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The changes in the carrying amount of the Company's goodwill by segment are as follows:
| Investment Managers |  | Investments In New Businesses |  | Total
Balance, January 1, 2018 | $ | 52,990 |  |  | $ | — |  |  | $ | 52,990 |
Business acquisition | — |  |  | 11,499 |  |  | 11,499 |
Balance, September 30, 2018 | $ | 52,990 |  |  | $ | 11,499 |  |  | $ | 64,489 |
On April 2, 2018, the Company acquired all ownership interests of Huntington Steele (See Note 13). The excess purchase price over the value of the identifiable intangible assets was preliminarily allocated to goodwill and is included on the accompanying Consolidated Balance Sheet. In July 2017, the Company acquired all ownership interests of Archway Technology Partners, LLC, Archway Finance & Operations, Inc. and Keystone Capital Holdings, LLC (collectively, Archway), a provider of operating technologies and services to the family office industry. The total purchase price was allocated to Archway’s net tangible and intangible assets based upon their estimated fair values at the date of purchase. The excess purchase price over the value of the net tangible and identifiable intangible assets was recorded as goodwill. The total amount of goodwill from this transaction amounted to $52,990 and is included on the accompanying Consolidated Balance Sheets. The Company's intangible assets consist of:
| September 30, 2018 |  | Weighted Average Estimated Useful Life |  | December 31, 2017 |  | Weighted Average Estimated Useful Life
Acquired technology | $ | 13,510 |  |  | 10.0 years |  | $ | 13,510 |  |  | 10.0 years
Client relationships | 16,940 |  |  | 13.9 years |  | 10,760 |  |  | 15.0 years
Non-competition agreements | 3,470 |  |  | 5.0 years |  | 3,470 |  |  | 5.0 years
Trade name | 2,840 |  |  | 7.0 years |  | 2,390 |  |  | 7.0 years
| 36,760 |  |  |  |  | 30,130 |  |  |
Less: Accumulated amortization | (4,169 | ) |  |  |  | (1,552 | ) |  |
Intangible assets, net | $ | 32,591 |  |  |  |  | $ | 28,578 |  |  |
The Company recognized $2,617 and $857 of amortization expense related to intangible assets during the nine months ended September 30, 2018 and 2017, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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