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Segment Reporting - Net Income By Segment (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:          
Total income $ 49,453,000   $ 51,285,000 $ 100,265,000 $ 109,332,000
Operating Expenses:          
Compensation and employee benefits 38,893,000   33,952,000 78,450,000 97,124,000
Systems, technology and telephone 4,809,000   4,110,000 9,123,000 7,939,000
Sales, distribution and marketing 1,202,000   568,000 1,967,000 1,094,000
Occupancy costs 4,025,000   3,352,000 7,502,000 6,532,000
Professional fees 7,602,000   14,863,000 18,972,000 37,747,000
Travel and entertainment 1,326,000   1,306,000 2,737,000 3,252,000
Depreciation and amortization 3,813,000   3,655,000 6,380,000 8,172,000
General, administrative and other 2,738,000   2,538,000 4,757,000 3,971,000
Total operating expenses 64,408,000   64,344,000 129,888,000 165,831,000
Total operating income (loss) (14,955,000)   (13,059,000) (29,623,000) (56,499,000)
Impairment loss on intangible assets (695,000) $ (153,600,000) (29,393,000) (695,000) (29,393,000)
Gain (loss) on investments 11,357,000   (5,154,000) 7,696,000 (1,704,000)
Gain (loss) on derivative 0   0 0 0
Gain (loss) on warrant liability 409,000   76,000 69,000 (12,866,000)
Gain (loss) on earnout liability (1,945,000)   66,083,000 37,509,000 36,877,000
Gain (loss) on TRA 389,000   (1,792,000) 6,322,000 (2,092,000)
Interest expense (4,851,000)   (3,371,000) (9,691,000) (6,632,000)
Interest income 563,000   0 823,000 0
Other income 13,000   (706,000) (17,000) (647,000)
Income (loss) before taxes (9,715,000)   12,684,000 12,393,000 (72,956,000)
Income tax (expense) benefit 756,000   15,446,000 393,000 10,796,000
Net income (loss) (8,959,000)   28,130,000 12,786,000 (62,160,000)
Strategic Alternatives          
Revenue:          
Total income 8,553,000   17,321,000 22,534,000 43,836,000
Operating Expenses:          
Compensation and employee benefits 9,900,000   12,306,000 22,603,000 39,568,000
Systems, technology and telephone 1,165,000   1,388,000 2,443,000 2,582,000
Sales, distribution and marketing 508,000   213,000 877,000 463,000
Occupancy costs 1,176,000   975,000 2,311,000 2,180,000
Professional fees 3,784,000   6,757,000 8,635,000 19,014,000
Travel and entertainment 518,000   510,000 1,099,000 1,500,000
Depreciation and amortization 406,000   1,518,000 758,000 4,257,000
General, administrative and other 951,000   2,010,000 2,118,000 2,465,000
Total operating expenses 18,408,000   25,677,000 40,844,000 72,029,000
Total operating income (loss) (9,855,000)   (8,356,000) (18,310,000) (28,193,000)
Impairment loss on intangible assets (695,000)   (29,393,000) (695,000)  
Gain (loss) on investments (721,000)   (5,585,000) (4,875,000) (1,312,000)
Gain (loss) on derivative 0   0 0 0
Gain (loss) on warrant liability 205,000   38,000 35,000 (6,433,000)
Gain (loss) on earnout liability (593,000)   33,042,000 19,167,000 18,439,000
Gain (loss) on TRA 194,000   (896,000) 3,161,000 (1,046,000)
Interest expense (2,390,000)   (1,634,000) (4,768,000) (3,387,000)
Interest income 241,000   0 364,000 0
Other income 2,000   (367,000) 30,000 (366,000)
Income (loss) before taxes (13,612,000)   (13,151,000) (5,891,000) (51,691,000)
Income tax (expense) benefit 836,000   7,723,000 508,000 5,398,000
Net income (loss) (12,776,000)   (5,428,000) (5,383,000) (46,293,000)
Wealth Management          
Revenue:          
Total income 40,900,000   33,964,000 77,731,000 65,496,000
Operating Expenses:          
Compensation and employee benefits 28,993,000   21,646,000 55,847,000 57,556,000
Systems, technology and telephone 3,644,000   2,722,000 6,680,000 5,357,000
Sales, distribution and marketing 694,000   355,000 1,090,000 631,000
Occupancy costs 2,849,000   2,377,000 5,191,000 4,352,000
Professional fees 3,818,000   8,106,000 10,337,000 18,733,000
Travel and entertainment 808,000   796,000 1,638,000 1,752,000
Depreciation and amortization 3,407,000   2,137,000 5,622,000 3,915,000
General, administrative and other 1,787,000   528,000 2,639,000 1,506,000
Total operating expenses 46,000,000   38,667,000 89,044,000 93,802,000
Total operating income (loss) (5,100,000)   (4,703,000) (11,313,000) (28,306,000)
Impairment loss on intangible assets 0   0 0 0
Gain (loss) on investments 12,078,000   431,000 12,571,000 (392,000)
Gain (loss) on derivative 0   0 0 0
Gain (loss) on warrant liability 204,000   38,000 34,000 (6,433,000)
Gain (loss) on earnout liability (1,352,000)   33,041,000 18,342,000 18,438,000
Gain (loss) on TRA 195,000   (896,000) 3,161,000 (1,046,000)
Interest expense (2,461,000)   (1,737,000) (4,923,000) (3,245,000)
Interest income 322,000   0 459,000 0
Other income 11,000   (339,000) (47,000) (281,000)
Income (loss) before taxes 3,897,000   25,835,000 18,284,000 (21,265,000)
Income tax (expense) benefit (80,000)   7,723,000 (115,000) 5,398,000
Net income (loss) 3,817,000   33,558,000 18,169,000 (15,867,000)
Management/advisory fees          
Revenue:          
Total income 47,029,000   46,844,000 93,253,000 93,314,000
Management/advisory fees | Strategic Alternatives          
Revenue:          
Total income 6,041,000   12,952,000 15,619,000 27,928,000
Management/advisory fees | Wealth Management          
Revenue:          
Total income 40,988,000   33,892,000 77,634,000 65,386,000
Incentive fees          
Revenue:          
Total income 53,000   469,000 216,000 1,046,000
Incentive fees | Strategic Alternatives          
Revenue:          
Total income 52,000   469,000 216,000 1,046,000
Incentive fees | Wealth Management          
Revenue:          
Total income 1,000   0 0 0
Distributions from investments          
Revenue:          
Total income 2,240,000   2,203,000 6,410,000 12,233,000
Distributions from investments | Strategic Alternatives          
Revenue:          
Total income 2,240,000   2,203,000 6,410,000 12,233,000
Distributions from investments | Wealth Management          
Revenue:          
Total income 0   0 0 0
Other fees/income          
Revenue:          
Total income 131,000   1,769,000 386,000 2,739,000
Other fees/income | Strategic Alternatives          
Revenue:          
Total income 220,000   1,697,000 289,000 2,629,000
Other fees/income | Wealth Management          
Revenue:          
Total income $ (89,000)   $ 72,000 $ 97,000 $ 110,000