Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating activities:
Consolidated net income	$ 238	$ 13,618
Non-cash items included in consolidated net income:
Depreciation and amortization	813	1,727
Net investment (gains) losses	5,231	2,081
Restricted stock units recognized and common stock issued	4,996	15,071
Deferred taxes	8,249	2,043
Deferred gain on sale of certain merchant banking assets	(49)	(49)
Changes in operating assets and liabilities:
Advisory fees receivable	27,942	(1,469)
Other receivables and assets	(9,781)	(494)
Compensation payable	(8,692)	(10,612)
Accounts payable and accrued expenses	(1,516)	1,714
Current income taxes payable	(5,050)	(7,447)
Net cash provided by operating activities	22,381	16,183
Investing activities:
Proceeds from sales of investments	0	5,623
Distributions from investments	254	186
Purchases of property and equipment	(449)	(272)
Net cash used in investing activities	(195)	5,537
Financing activities:
Proceeds from revolving bank loan	18,601	31,350
Repayment of revolving bank loan	(13,200)	(34,025)
Distributions to noncontrolling interests	0	(161)
Dividends paid	(14,344)	(14,082)
Purchase of treasury stock	(16,825)	(20,486)
Payments Related to Tax Withholding for Share-based Compensation	(2,541)	(203)
Net cash used in financing activities	(28,309)	(37,607)
Effect of exchange rate changes on cash and cash equivalents	(32)	(485)
Net decrease in cash and cash equivalents	(6,155)	(16,372)
Cash and cash equivalents, beginning of period	42,679	50,324
Cash and cash equivalents, end of period	36,524	33,952
Supplemental disclosure of cash flow information:
Cash paid for interest	259	170
Cash paid for taxes, net of refunds	$ 5,616	$ 13,797