Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents ($5.1 million and $7.1 million restricted from use at December 31, 2013 and 2012, respectively)	$ 42,679	$ 50,324
Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at December 31, 2013 and 2012	85,236	54,444
Other receivables	2,877	1,554
Property and equipment, net of accumulated depreciation of $57.0 million and $54.8 million at December 31, 2013 and 2012, respectively	11,500	14,404
Other investments	0	34,165
Investments in merchant banking funds	11,745	16,772
Goodwill	142,972	164,890
Deferred tax asset, net	54,202	47,512
Other assets	2,235	2,905
Total assets	353,446	386,970
Liabilities and Equity
Compensation payable	13,851	21,419
Accounts payable and accrued expenses	13,346	7,872
Current income taxes payable	15,345	15,797
Bank loan payable	30,849	29,125
Deferred tax liability	2,345	9,245
Total liabilities	75,736	83,458
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 37,872,756 and 36,513,507 shares issued as of December 31, 2013 and 2012, respectively; 27,767,702 and 27,488,828 shares outstanding as of December 31, 2013 and 2012, respectively	379	365
Contingent convertible preferred stock, par value $0.01 per share; 10,000,000 shares authorized, 1,099,877 shares issued as of December 31, 2013 and 2012, respectively; 439,951 and 1,099,877 shares outstanding as of December 31, 2013 and 2012, respectively	14,446	46,950
Restricted stock units	117,258	107,253
Additional paid-in capital	534,533	458,642
Exchangeable shares of subsidiary; 257,156 shares issued as of December 31, 2013 and 2012; 32,804 shares outstanding as of December 31, 2013 and 2012	1,958	1,958
Retained earnings	152,412	159,918
Accumulated other comprehensive income (loss)	(9,361)	6,624
Treasury stock, at cost, par value $0.01 per share; 10,105,054 and 9,024,679 shares as of December 31, 2013 and 2012, respectively	(534,957)	(479,551)
Stockholders’ equity	276,668	302,159
Noncontrolling interests	1,042	1,353
Total equity	277,710	303,512
Total liabilities and equity	$ 353,446	$ 386,970