Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents ($4.7 million and $5.1 million restricted from use at March 31, 2014 and December 31, 2013, respectively)	$ 36,524	$ 42,679
Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at March 31, 2014 and December 31, 2013	57,294	85,236
Other receivables	11,661	2,877
Property and equipment, net of accumulated depreciation of $58.0 million and $57.0 million at March 31, 2014 and December 31, 2013, respectively	11,178	11,500
Investments in merchant banking funds	6,259	11,745
Goodwill	147,084	142,972
Deferred tax asset, net	41,305	54,202
Other assets	3,231	2,235
Total assets	314,536	353,446
Liabilities and Equity
Compensation payable	5,159	13,851
Accounts payable and accrued expenses	8,859	13,346
Bank loan payable	36,250	30,849
Current income taxes payable	10,295	15,345
Deferred tax liability	2,158	2,345
Total liabilities	62,721	75,736
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 38,696,395 and 37,872,756 shares issued as of March 31, 2014 and December 31, 2013, respectively; 28,268,151 and 27,767,702 shares outstanding as of March 31, 2014 and December 31, 2013, respectively	387	379
Contingent convertible preferred stock, par value $0.01 per share; 10,000,000 shares authorized and 1,099,877 shares issued as of March 31, 2014 and December 31, 2013 and 439,951 shares outstanding as of March 31, 2014 and December 31, 2013	14,446	14,446
Restricted stock units	70,326	117,258
Additional paid-in capital	583,311	534,533
Exchangeable shares of subsidiary; 257,156 shares issued as of March 31, 2014 and December 31, 2013; 32,804 shares outstanding as of March 31, 2014 and December 31, 2013	1,958	1,958
Retained earnings	138,777	152,412
Accumulated other comprehensive income (loss)	(6,650)	(9,361)
Treasury stock, at cost, par value $0.01 per share; 10,428,244 and 10,105,054 shares as of March 31, 2014 and December 31, 2013, respectively	(551,782)	(534,957)
Stockholders’ equity	250,773	276,668
Noncontrolling interests	1,042	1,042
Total equity	251,815	277,710
Total liabilities and equity	$ 314,536	$ 353,446