Receivables from Broker-Dealers and Clearing Organizations and Other Receivables

3 Months Ended

Dec. 31, 2015

Brokers and Dealers [Abstract]

Receivables from Broker-Dealers and Clearing Organizations and Other Receivables

RECEIVABLES FROM BROKER-DEALERS AND CLEARING ORGANIZATIONS AND OTHER RECEIVABLES

At December 31, 2015 and September 30, 2015, the receivables of $2,742,000 and $3,078,000, respectively, from broker-dealers and clearing organizations represent net amounts due for fees and commissions associated with the Company’s retail brokerage business as well as asset based fee revenues associated with the Company’s asset management advisory business.

Other receivables, net, at December 31, 2015 and September 30, 2015 of $4,531,000 and $3,709,000, respectively, principally represent trailing fees and fees for tax and accounting services and are net of allowance for doubtful accounts of $542,000 and $573,000, respectively.