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Goodwill and Acquired Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets Acquired The following table summarizes the major classes of tangible and intangible assets and their respective fair values and weighted-average useful lives:
Fair ValueWeighted-Average Useful Life (Years)
Equipment, office facilities, and property
Real property (1)
$226 37
Personal property (2)
162 2
Construction in progress49 N/A
Land33 N/A
Total equipment, office facilities, and property$470 
Acquired intangible assets
Client relationships$8,700 20
Existing technology165 2
Trade names15 2
Total acquired intangible assets$8,880 
(1) Consists primarily of buildings.
(2) Consists primarily of equipment and leasehold improvements.
N/A Not applicable.
The following table summarizes the major classes of intangible assets acquired and their respective fair values and weighted-average useful lives:
Fair
Value		Weighted-Average Useful Life (Years)
Customer relationships$962 18
Brokerage referral agreement (1)
142 20
Royalty-free license5 7
Total acquired intangible assets$1,109 
(1) The brokerage referral agreement has an initial term of 5 years and is automatically renewable for one-year increments thereafter.
Acquired intangible assets and goodwill are detailed below:
December 31, 2021December 31, 2020
Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value		Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value
Client relationships$10,089 $(908)$9,181 $10,089 $(386)$9,703 
Technology305 (197)108 305 (112)193 
Trade names116 (26)90 113 (18)95 
Total acquired intangible assets$10,510 $(1,131)$9,379 $10,507 $(516)$9,991 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated future annual amortization expense for acquired intangible assets as of December 31, 2021 is as follows:
2022$596 
2023534 
2024518 
2025512 
2026508 
Thereafter6,630 
Total $9,298 
Note: The above schedule excludes indefinite-lived intangible assets of $81 million.
Changes in Carrying Amount of Goodwill as Allocated to Reportable Segments
The changes in the carrying amount of goodwill, as allocated to our reportable segments, are presented in the following table:
Investor
Services		Advisor
Services		Total
Balance at December 31, 2019$1,096 $131 $1,227 
Goodwill acquired in TD Ameritrade acquisition6,380 3,835 10,215 
Goodwill acquired in other acquisitions494 16 510 
December 31, 20207,970 3,982 11,952 
Goodwill acquired and other changes during the period— — — 
Balance at December 31, 2021$7,970 $3,982 $11,952