Intangible Assets (Tables)

12 Months Ended

Oct. 31, 2014

Intangible Assets Disclosure Table [Abstract]

Schedule of goodwill activity

(in thousands)	2014		2013
Balance, beginning of period	$	228,876	$	154,636
Goodwill acquired		-		74,240
Balance, end of period	$	228,876	$	228,876

Schedule of the carrying amounts of intangible assets

October 31, 2014
(dollars in thousands)	Weighted-average remaining amortization period (in years)	Gross carrying amount		Accumulated amortization		Net carrying amount
Amortizing intangible assets:
Client relationships acquired	9.3	$	133,927	$	(76,918)	$	57,009
Intellectual property acquired	11.6		1,000		(255)		745
Trademark acquired	5.2		900		(236)		664
Non-amortizing intangible assets:
Mutual fund management contracts acquired			6,708		-		6,708
Total		$	142,535	$	(77,409)	$	65,126

October 31, 2013
(dollars in thousands)	Weighted-average remaining amortization period (in years)	Gross carrying amount		Accumulated amortization		Net carrying amount
Amortizing intangible assets:
Client relationships acquired	9.8	$	133,927	$	(67,703)	$	66,224
Intellectual property acquired	12.6		1,000		(191)		809
Trademark acquired	6.2		900		(107)		793
Non-amortizing intangible assets:
Mutual fund management contracts acquired			6,708		-		6,708
Total		$	142,535	$	(68,001)	$	74,534

Schedule of expected amortization expense for the next five fiscal years

Year Ending October 31,			Estimated amortization
(in thousands)			expense
2015	$	9,183
2016		8,741
2017		8,628
2018		8,599
2019		4,623