Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 92,722	$ 210,070
Securities owned, at fair value	58,907
Securities held-to-maturity	3,994
Accounts receivable	17,668	27,576
Prepaid expenses	3,346	2,627
Other current assets	555	272
Total current assets	177,192	240,545
Fixed assets, net	11,748	11,974
Securities held-to-maturity	18,502	23,689
Deferred tax asset, net	9,826	14,071
Investment, carried at cost	20,000
Goodwill	1,799	1,676
Intangible asset	9,953
Other noncurrent assets	747	738
Total assets	249,767	292,693
Current liabilities:
Fund management and administration payable	13,584	12,971
Compensation and benefits payable	14,652	28,060
Income taxes payable	4,700	3,024
Acquisition payable	3,537
Securities sold, but not yet purchased, at fair value	1,248
Accounts payable and other liabilities	5,806	5,039
Total current liabilities	43,527	49,094
Acquisition payable		3,942
Deferred rent payable	4,896	5,155
Total liabilities	48,423	58,191
Commitments and Contingencies (See Note 8)
Stockholders' equity:
Preferred stock, par value $0.01; 2,000 shares authorized:
Common stock, par value $0.01; 250,000 shares authorized; issued and outstanding: 136,475 and 138,415 at December 31, 2016 and December 31, 2015, respectively	1,365	1,384
Additional paid-in capital	224,739	257,960
Accumulated other comprehensive loss	(44)	(126)
Accumulated deficit	(24,716)	(24,716)
Total stockholders' equity	201,344	234,502
Total liabilities and stockholders' equity	$ 249,767	$ 292,693