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Business Combinations
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Business Combinations
BUSINESS COMBINATIONS
On April 6, 2018, the company acquired the Guggenheim Investments' ETF business for $1.2 billion. The initial estimates of identified assets acquired in the purchase are $578 million of acquired intangible assets (primarily indefinite-lived fund management contracts) and $626 million of tax deductible goodwill.

On June 4, 2018, the company acquired Intelliflo, a market-leading UK provider of advisor focused digital solutions. Our initial estimated purchase price allocation consists primarily of acquired intangible assets (customer relationships, developed technology and related assets) and goodwill.

As the company receives additional information related to these recent transactions, certain initially recorded estimates may change.