Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents ($5.5 million and $7.1 million restricted from use at March 31, 2013 and December 31, 2012, respectively)	$ 33,952	$ 50,324
Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at March 31, 2013 and December 31, 2012	55,913	54,444
Other receivables	1,948	1,554
Property and equipment, net of accumulated depreciation of $55.4 million and $54.8 million at March 31, 2013 and December 31, 2012, respectively	13,493	14,404
Other investments	25,630	34,215
Investments in merchant banking funds	16,586	16,772
Goodwill	164,714	164,890
Deferred tax asset	41,176	47,512
Other assets	2,291	2,855
Total assets	355,703	386,970
Liabilities and Equity
Compensation payable	10,795	21,419
Accounts payable and accrued expenses	8,559	7,872
Bank loan payable	26,450	29,125
Current income taxes payable	8,350	15,797
Deferred tax liability	5,586	9,245
Total liabilities	59,740	83,458
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 36,997,455 and 36,513,507 shares issued as of March 31, 2013 and December 31, 2012, respectively; 27,624,998 and 27,488,828 shares outstanding as of March 31, 2013 and December 31, 2012, respectively	370	365
Contingent convertible preferred stock, par value $0.01 per share; 10,000,000 shares authorized, 1,099,877 shares issued and outstanding as of March 31, 2013 and December 31, 2012	46,950	46,950
Restricted stock units	91,762	107,253
Additional paid-in capital	488,554	458,642
Exchangeable shares of subsidiary; 257,156 shares issued as of March 31, 2013 and December 31, 2012, respectively; 32,804 shares outstanding as of March 31, 2013 and December 31, 2012, respectively	1,958	1,958
Retained earnings	160,050	159,918
Accumulated other comprehensive income	5,165	6,624
Treasury stock, at cost, par value $0.01 per share; 9,372,457 and 9,024,679 shares as of March 31, 2013 and December 31, 2012 respectively	(500,037)	(479,551)
Stockholders' equity	294,772	302,159
Noncontrolling interests	1,191	1,353
Total equity	295,963	303,512
Total liabilities and equity	$ 355,703	$ 386,970