Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents ($5.2 million and $7.1 million restricted from use at September 30, 2013 and December 31, 2012, respectively)	$ 30,344	$ 50,324
Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at September 30, 2013 and December 31, 2012	64,645	54,444
Other receivables	4,341	1,554
Property and equipment, net of accumulated depreciation of $56.2 million and $54.8 million at September 30, 2013 and December 31, 2012, respectively	11,893	14,404
Other investments	11,012	34,215
Investments in merchant banking funds	11,285	16,772
Goodwill	149,112	164,890
Deferred tax asset	47,062	47,512
Other assets	2,982	2,855
Total assets	332,676	386,970
Liabilities and Equity
Compensation payable	4,600	21,419
Accounts payable and accrued expenses	9,450	7,872
Bank loan payable	36,350	29,125
Current income taxes payable	11,921	15,797
Deferred tax liability	2,368	9,245
Total liabilities	64,689	83,458
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 37,840,092 and 36,513,507 shares issued as of September 30, 2013 and December 31, 2012, respectively; 27,747,240 and 27,488,828 shares outstanding as of September 30, 2013 and December 31, 2012, respectively	378	365
Contingent convertible preferred stock, par value $0.01 per share; 10,000,000 shares authorized and 1,099,877 shares issued as of September 30, 2013 and December 31, 2012 and 439,951 and 1,099,877 shares outstanding as of September 30, 2013 and December 31, 2012, respectively	14,446	46,950
Restricted stock units	106,565	107,253
Additional paid-in capital	532,503	458,642
Exchangeable shares of subsidiary; 257,156 shares issued as of September 30, 2013 and December 31, 2012, respectively; 32,804 shares outstanding as of September 30, 2013 and December 31, 2012, respectively	1,958	1,958
Retained earnings	150,231	159,918
Accumulated other comprehensive income (loss)	(4,789)	6,624
Treasury stock, at cost, par value $0.01 per share; 10,092,852 and 9,024,679 shares as of September 30, 2013 and December 31, 2012 respectively	(534,347)	(479,551)
Stockholders' equity	266,945	302,159
Noncontrolling interests	1,042	1,353
Total equity	267,987	303,512
Total liabilities and equity	$ 332,676	$ 386,970