Acquisitions Securities Service Network, Inc. On January 2, 2015, the Company acquired all of the issued and outstanding capital stock of SSN and an affiliated company, Renaissance Capital Corporation ( RCC ). SSN is a leading independent broker-dealer, registered investment advisor and insurance agency based in Knoxville, TN. RCC is a corporation that owns fixed assets leased to SSN. The purchase price was approximately $47,287 , including $25,000 principal amount of secured short-term promissory notes, which bore interest at 0.41% per annum and were paid in full on the business day following the closing date, and $20,000 principal amount of secured four -year promissory notes, bearing interest at 1.74% per annum and payable in equal quarterly installments of principal and interest (valued at $18,697 based on an imputed interest rate of 5.1% ). The promissory notes are secured by a pledge of the shares of SSN and RCC purchased in the acquisition pursuant to a stock pledge agreement. The Company paid approximately $3,590 , which is included in the purchase price above, based on the amount by which the aggregate net worth of SSN and RCC as of the closing date of the acquisition exceeded a targeted amount. The Company has done a valuation study to determine the acquisition-date fair value of assets acquired and liabilities assumed and related allocation of purchase price of SSN. The following table summarizes the fair value of assets acquired and liabilities assumed at the acquisition date: Cash $ 8,081 Securities owned, at fair value 158 Receivables from clearing broker 630 Other receivables, net 2,611 Fixed assets, net 57 Notes receivable 225 Identifiable intangible assets 30,901 Goodwill 8,798 Other assets 714 Total assets acquired 52,175 Commissions and fees payable 3,462 Deferred income 44 Accounts payable and accrued liabilities 1,382 Total liabilities assumed 4,888 Total purchase price $ 47,287 The Company has elected under Section 338 of the Internal Revenue Code to treat the acquisition as an asset acquisi