Consolidated Statements of Financial Condition - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents		$ 101,352	$ 92,733
Investments ($82,829 and $136,113)	[1]	155,213	224,932
Accounts receivable		59,101	50,381
Due from brokers ($1,743 and $11,187)	[1]	1,743	14,240
Property and equipment—net		12,486	14,106
Operating lease right-of-use assets		38,440	48,488
Goodwill and intangible assets—net		19,560	19,751
Deferred income tax asset—net		7,091	7,200
Other assets ($1,041 and $2,604)	[1]	7,433	9,208
Total assets		402,419	481,039
Liabilities:
Accrued compensation		48,105	43,685
Distribution and service fees payable		7,318	8,493
Operating lease liabilities		43,349	54,304
Income tax payable		22,194	18,663
Due to brokers ($366 and $4,422)	[1]	366	5,121
Other liabilities and accrued expenses ($784 and $440)	[1]	13,972	13,935
Total liabilities		135,304	144,201
Commitments and contingencies
Redeemable noncontrolling interest		53,412	114,192
Stockholders’ equity:
Common stock, $0.01 par value; 500,000,000 shares authorized; 52,580,246 and 51,818,186 shares issued at December 31, 2019 and 2018, respectively		527	518
Additional paid-in capital		636,788	602,272
Accumulated deficit		(242,461)	(208,404)
Accumulated other comprehensive income, net of tax		(6,326)	(7,323)
Less: Treasury stock, at cost, 5,329,820 and 5,050,285 shares at December 31, 2019 and 2018, respectively		(174,825)	(164,417)
Total stockholders’ equity		213,703	222,646
Total liabilities and stockholders’ equity		$ 402,419	$ 481,039

[1] Asset and liability amounts in parentheses represent the aggregated balances at December 31, 2019 and 2018 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion.