Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 80,820	$ 84,524
Cash segregated under federal or other regulations	5,630	842
Accounts receivable, net of allowance	16,266	15,721
Commissions receivable	21,176	15,562
Other receivables	2,902	7,408
Prepaid expenses and other current assets, net	12,349	7,755
Total current assets	139,143	131,812
Long-term assets:
Property and equipment, net	18,706	12,389
Right-of-use assets, net	10,151	0
Goodwill, net	662,375	548,685
Other intangible assets, net	290,211	294,603
Deferred tax asset, net	9,997	0
Other long-term assets	6,989	10,236
Total long-term assets	998,429	865,913
Total assets	1,137,572	997,725
Current liabilities:
Accounts payable	10,969	3,798
Commissions and advisory fees payable	19,905	15,199
Accrued expenses and other current liabilities	36,144	18,980
Deferred revenue—current	12,014	10,257
Lease liabilities—current	3,272	46
Current portion of long-term debt, net	11,228	0
Total current liabilities	93,532	48,280
Long-term liabilities:
Long-term debt, net	381,485	260,390
Deferred tax liability, net	0	40,394
Deferred revenue—long-term	7,172	8,581
Lease liabilities—long-term	5,916	100
Other long-term liabilities	5,952	7,440
Total long-term liabilities	400,525	316,905
Total liabilities	494,057	365,185
Redeemable noncontrolling interests	0	24,945
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock, par $0.0001—900,000 authorized shares; 49,059 shares issued and 47,753 shares outstanding at December 31, 2019; 48,044 shares issued and outstanding at December 31, 2018	5	5
Additional paid-in capital	1,586,972	1,569,725
Accumulated deficit	(914,791)	(961,689)
Accumulated other comprehensive loss	(272)	(446)
Treasury stock, at cost—1,306,000 shares at December 31, 2019	(28,399)	0
Total stockholders’ equity	643,515	607,595
Total liabilities and stockholders’ equity	$ 1,137,572	$ 997,725