RECEIVEABLES FROM BROKER-DEALERS AND CLEARING ORGANIZATIONS AND OTHER RECEIVABLES

6 Months Ended

Mar. 31, 2018

RECEIVEABLES FROM BROKER-DEALERS AND CLEARING ORGANIZATIONS AND OTHER RECEIVABLES

RECEIVABLES FROM BROKER-DEALERS AND CLEARING ORGANIZATIONS AND OTHER RECEIVABLES

At March 31, 2018 and September 30, 2017, the receivables of $2,709,000 and $2,850,000, 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 Investment advisory business.

Other receivables at March 31, 2018 and September 30, 2017 consist of the following:



	March 31,			September 30,
	2018			2017
Trailing fees	$	1,138,000		$	1,156,000
Accounts receivable for tax and accounting services	1,015,000			698,000
Allowance for doubtful accounts - tax and accounting services	(210,000		)	(390,000		)
Advances to registered representatives	808,000			881,000
Allowance for doubtful accounts - advances to registered representatives	(288,000		)	(154,000		)
Investment banking receivable	1,373,000			1,086,000
Advisory fees	478,000			510,000
Notes receivable	631,000			676,000
Other	1,088,000			717,000
Total	$	6,033,000		$	5,180,000