FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]

The following table represents the range of the unobservable inputs utilized in the fair value measurement of the contingent consideration classified as level 3:

Valuation Technique	Unobservable Input	Range
Discounted Cash Flow	Discount rate	6.0%
	AUM growth rate	(10.0)% to 10.0%

Values of Assets Within Fair Value Hierarchy

The following table summarizes the values of our assets and liabilities as of the dates indicated within the fair value hierarchy (in thousands).

	Level 1		Level 2		Level 3			Total
As of June 30, 2015:
Investments in securities:
Trading	$	42,785	$	3,410	$	—		$	46,195
Contingent consideration	—		—		(9,257		)	(9,257		)
Total financial instruments	$	42,785	$	3,410	$	(9,257	)	$	36,938
As of December 31, 2014:
Investments in securities:
Trading	$	77,327	$	2,293	$	—		$	79,620
Total financial instruments	$	77,327	$	2,293	$	—		$	79,620

Reconciliation of Beginning and Ending Balances of Items Measured at Fair Value

The following table provides a reconciliation of the beginning and ending balances of items measured at fair value on a recurring basis that used significant unobservable inputs (in thousands):

	Contingent Consideration
Beginning balance, December 31, 2014	$	—
Acquisition of Woodway	9,257
Ending balance, June 30, 2015	$	9,257