Investments (Tables)

12 Months Ended

Dec. 31, 2013

Investments Schedule [Abstract]

Investments

The Company’s investments, excluding the assets of consolidated sponsored investment products discussed in Note 20, at December 31, 2013 and 2012 are as follows:

	December 31,
	2013		2012
($ in thousands)
Marketable securities	$	28,968	$	15,048
Equity method investments		4,070		415
Nonqualified retirement plan assets		4,220		2,970
Total investments	$	37,258	$	18,433

Schedule of Marketable Securities

The Company’s marketable securities consist of both trading (including securities held by a broker-dealer affiliate) and available-for-sale securities. The composition of the Company’s marketable securities is summarized as follows:

December 31, 2013
	Cost		Unrealized Loss			Unrealized Gain		Fair Value
($ in thousands)
Trading:
Sponsored mutual funds and variable insurance funds	$	16,079	$	(704	)	$	2,529	$	17,904
Equity securities		7,043		—			1,336		8,379
Available-for-sale:
Sponsored closed-end funds		2,815		(145	)		15		2,685
Total marketable securities	$	25,937	$	(849	)	$	3,880	$	28,968

December 31, 2012
	Cost		Unrealized Loss			Unrealized Gain		Fair Value
($ in thousands)
Trading:
Sponsored mutual funds and variable insurance funds	$	7,312	$	(689	)	$	1,390	$	8,013
Equity securities		3,739		—			640		4,379
Available-for-sale:
Sponsored closed-end funds		2,619		(37	)		74		2,656
Total marketable securities	$	13,670	$	(726	)	$	2,104	$	15,048