Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 70,221	$ 92,722
Securities owned, at fair value	68,412	58,907
Securities held-to-maturity	2,999	3,994
Accounts receivable	19,734	17,668
Prepaid expenses	3,707	3,346
Other current assets	625	555
Total current assets	165,698	177,192
Fixed assets, net	11,004	11,748
Securities held-to-maturity	20,334	18,502
Deferred tax asset, net	6,151	9,826
Investments, carried at cost	31,909	20,000
Goodwill	1,799	1,799
Intangible asset	9,953	9,953
Other noncurrent assets	800	747
Total assets	247,648	249,767
Current liabilities:
Fund management and administration payable	14,416	13,584
Compensation and benefits payable	14,990	14,652
Income taxes payable	3,608	4,700
Acquisition payable		3,537
Securities sold, but not yet purchased, at fair value		1,248
Accounts payable and other liabilities	6,922	5,806
Total current liabilities:	39,936	43,527
Deferred rent payable	4,736	4,896
Total liabilities	44,672	48,423
Commitments and Contingencies (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: 136,923 and 136,475 at September 30, 2017 and December 31, 2016, respectively	1,369	1,365
Additional paid-in capital	225,795	224,739
Accumulated other comprehensive income/(loss)	528	(44)
Accumulated deficit	(24,716)	(24,716)
Total stockholders' equity	202,976	201,344
Total liabilities and stockholders' equity	$ 247,648	$ 249,767