10.

Intangible assets

December 31, 2019	Gross
	carrying		Accumulated
	amount		amortization		Net

Customer lists and relationships	$	310,856	$	115,987	$	194,869
Investment management contracts		270,600		36,434		234,166
Franchise rights		5,163		4,505		658
Trademarks and trade names:
Indefinite life		23,809		-		23,809
Finite life		12,435		2,398		10,037
Management contracts and other		16,088		9,306		6,782
Customer backlog		8,558		1,426		7,132
	$	647,510	$	170,056	$	477,454

	Gross
December 31, 2018	carrying		Accumulated
	amount		amortization		Net

Customer lists and relationships	$	290,667	$	95,011	$	195,656
Investment management contracts		270,600		12,145		258,455
Franchise rights		5,175		4,141		1,034
Trademarks and trade names:
Indefinite life		23,841		-		23,841
Finite life		12,851		2,853		9,998
Management contracts and other		16,533		7,907		8,626
Customer backlog		480		160		320
	$	620,147	$	122,217	$	497,930

During the year ended

December 31, 2019,

the Company acquired the following intangible assets:

			Estimated
			weighted
			average
			amortization
	Amount		period (years)

Customer lists and relationships	$	29,475		10.0
Trademarks and trade names - finite life		2,817		2.0
Customer backlog		10,168		1.3
Other		282		3.0

	$	42,742		7.4

The following is the estimated annual expense for amortization of the recorded intangible assets for each of the next

five

years ending

December 31: