Management Contracts Purchased (Tables)

3 Months Ended

Dec. 31, 2014

Schedule of Contingent Payment Due under Asset Purchase Agreement

Of the $13,286,666 of debt proceeds, $11,625,883 was shown as a long-term liability on the balance sheet as of September 30, 2013 because it was funded by U.S. Bank National Association on a long-term basis.


Management contracts balance at 9/30/2012	$	22,557,186

Initial purchase price for assets related to management of the FBR Funds		19,692,137

Contingent purchase price payment allocation:
Current portion		7,567,712
Long-term portion		11,625,883

Capitalized transaction costs in fiscal year 2013		988,100


Management contracts balance at 9/30/2013	$	62,431,018


Capitalized transaction costs in fiscal year 2014		58,232


Management contracts balance at 9/30/2014	$	62,489,250