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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 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, 2017
$
—

 
$
—

 
$
—

Acquisition of Archway
52,990

 
—

 
52,990

Balance, December 31, 2017
$
52,990

 
$
—

 
$
52,990

Acquisition of Huntington Steele
—

 
11,499

 
11,499

Balance, December 31, 2018
$
52,990

 
$
11,499

 
$
64,489


In April 2018, the Company acquired all ownership interests of Huntington Steele (See Note 14). The excess purchase price over the estimated value of the net tangible and identifiable intangible assets was allocated to goodwill. The total amount of goodwill from this transaction amounted to $11,499 and is included on the accompanying Consolidated Balance Sheet.
In July 2017, the Company acquired all ownership interests of Archway (See Note 14). The excess purchase price over the estimated 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:
 
December 31, 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
(5,090
)
 
 
 
(1,552
)
 
 
Intangible assets, net
$
31,670

 
 
 
$
28,578

 
 

The Company recognized $3,538 and $1,552 of amortization expense related to intangible assets during 2018 and 2017, respectively.
The Company currently expects to recognize amortization expense related to intangible assets as of December 31, 2018 each year from 2019 through 2023 as follows:
2019
$
3,683

2020
3,683

2021
3,683

2022
3,336

2023
2,989