Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents ($5.2 million and $7.1 million restricted from use at June 30, 2013 and December 31, 2012, respectively)	$ 33,533	$ 50,324
Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at June 30, 2013 and December 31, 2012	57,015	54,444
Other receivables	2,896	1,554
Property and equipment, net of accumulated depreciation of $54.9 million and $54.8 million at June 30, 2013 and December 31, 2012, respectively	12,851	14,404
Other investments	26,100	34,215
Investments in merchant banking funds	12,997	16,772
Goodwill	146,227	164,890
Deferred tax asset	48,431	47,512
Other assets	2,605	2,855
Total assets	342,655	386,970
Liabilities and Equity
Compensation payable	15,337	21,419
Accounts payable and accrued expenses	7,860	7,872
Bank loan payable	32,250	29,125
Current income taxes payable	8,600	15,797
Deferred tax liability	6,956	9,245
Total liabilities	71,003	83,458
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 37,757,421 and 36,513,507 shares issued as of June 30, 2013 and December 31, 2012, respectively; 27,850,708 and 27,488,828 shares outstanding as of June 30, 2013 and December 31, 2012, respectively	377	365
Contingent convertible preferred stock, par value $0.01 per share; 10,000,000 shares authorized and 1,099,877 shares issued as of June 30, 2013 and December 31, 2012 and 439,951 and 1,099,877 shares outstanding as of June 30, 2013 and December 31, 2012, respectively	14,446	46,950
Restricted stock units	96,764	107,253
Additional paid-in capital	528,248	458,642
Exchangeable shares of subsidiary; 257,156 shares issued as of June 30, 2013 and December 31, 2012, respectively; 32,804 shares outstanding as of June 30, 2013 and December 31, 2012, respectively	1,958	1,958
Retained earnings	161,978	159,918
Accumulated other comprehensive income (loss)	(7,979)	6,624
Treasury stock, at cost, par value $0.01 per share; 9,906,713 and 9,024,679 shares as of June 30, 2013 and December 31, 2012 respectively	(525,182)	(479,551)
Stockholders' equity	270,610	302,159
Noncontrolling interests	1,042	1,353
Total equity	271,652	303,512
Total liabilities and equity	$ 342,655	$ 386,970