Condensed Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents ($4.9 million and $5.1 million restricted from use at June 30, 2014 and December 31, 2013, respectively)	$ 29,160	$ 42,679
Advisory fees receivable, net of allowance for doubtful accounts of $0.0 million at June 30, 2014 and December 31, 2013	74,606	85,236
Other receivables	6,087	2,877
Property and equipment, net of accumulated depreciation of $58.7 million and $57.0 million at June 30, 2014 and December 31, 2013, respectively	11,246	11,500
Investments in merchant banking funds	4,525	11,745
Goodwill	150,075	142,972
Deferred tax asset, net	41,679	54,202
Other assets	4,190	2,235
Total assets	321,568	353,446
Liabilities and Equity
Compensation payable	10,036	13,851
Accounts payable and accrued expenses	10,516	13,346
Current income taxes payable	6,805	15,345
Bank loan payable	37,450	30,849
Deferred tax liability	903	2,345
Total liabilities	65,710	75,736
Common stock, par value $0.01 per share; 100,000,000 shares authorized, 38,767,519 and 37,872,756 shares issued as of June 30, 2014 and December 31, 2013, respectively; 28,310,803 and 27,767,702 shares outstanding as of June 30, 2014 and December 31, 2013, respectively	388	379
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, 2014 and December 31, 2013 and 439,951 shares outstanding as of June 30, 2014 and December 31, 2013	14,446	14,446
Restricted stock units	74,916	117,258
Additional paid-in capital	588,140	534,533
Exchangeable shares of subsidiary; 257,156 shares issued as of June 30, 2014 and December 31, 2013; 32,804 shares outstanding as of June 30, 2014 and December 31, 2013	1,958	1,958
Retained earnings	133,046	152,412
Accumulated other comprehensive income (loss)	(4,539)	(9,361)
Treasury stock, at cost, par value $0.01 per share; 10,456,716 and 10,105,054 shares as of June 30, 2014 and December 31, 2013, respectively	(553,191)	(534,957)
Stockholders’ equity	255,164	276,668
Noncontrolling interests	694	1,042
Total equity	255,858	277,710
Total liabilities and equity	$ 321,568	$ 353,446