Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Schedule of Purchase Price

The following table summarizes the purchase price, provisional fair values of the assets acquired and liabilities assumed, and resulting goodwill as of the acquisition date.

Purchase price	$	1,624
Fair value of assets acquired:
Cash segregated and on deposit for regulatory purposes	4,392
Receivables from brokerage clients — net	80
Intangible assets	1,118
Total assets acquired	5,590
Fair value of liabilities assumed:
Payables to brokerage clients	4,472
Total liabilities assumed	4,472
Fair value of net identifiable assets acquired	1,118
Goodwill	$	506

Schedule of Intangible Assets Acquired

The following table summarizes the major classes of intangible assets acquired and their respective weighted-average estimated useful lives.

	Estimated Fair Value		Weighted-Average Estimated Useful Life (years)
Customer relationships	$	962	18
Brokerage referral agreement (1)	151		20
Royalty-free license	5		7
Total intangible assets	$	1,118

⁽¹⁾ The brokerage referral agreement has an initial term of 5 years and is automatically renewable for one-year increments thereafter.

Schedule of Pro Forma Information

The unaudited pro forma financial information is presented for informational purposes only, and is not necessarily indicative of future operations or results had the USAA-IMCO acquisition been completed as of January 1, 2019.

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Total net revenues	$	2,474	$	2,767	$	5,170	$	5,573
Net income	$	606	$	870	$	1,336	$	1,723