Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements Of Financial Condition

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Condensed Consolidated Statements Of Financial Condition (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 24,199 $ 22,628
Securities owned at fair value 1,132 2,014
Receivables from clearing brokers 28,677 27,368
Receivables from other broker-dealers 1,531 513
Notes receivable from financial advisors, net 40,333 44,308
Other receivables, net 17,611 18,873
Fixed assets 12,374 12,011
Restricted assets 320 320
Intangible assets, net 90,055 98,829
Goodwill 90,174 91,161
Unamortized debt issue cost 1,888 2,246
Cash surrender value of life insurance 11,185 12,161
Other assets 14,357 14,713
Total assets 333,836 [1] 347,145
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 87 78
Accrued compensation 11,825 10,499
Commissions and fees payable 28,814 25,891
Accounts payable and accrued liabilities 8,930 19,203
Deferred rent 1,935 2,333
Deferred income taxes 6,260 6,548
Deferred compensation liability 17,803 18,701
Accrued interest 5,901 3,265
Notes payable, net of $7,618 and $9,113 unamortized discount in 2012 and 2011, respectively 199,616 197,184
Total liabilities 281,171 283,702
Commitments and contingencies (Note 8)      
Shareholders' equity:    
Preferred stock, $.0001 par value; 2,000,000 shares authorized; none issued      
Common stock, $.0001 par value; 400,000,000 shares authorized; shares issued and outstanding, 183,581,636 in 2012 and 183,253,068 in 2011 18 18
Additional paid-in capital 207,276 204,055
Accumulated deficit (154,629) (140,630)
Total shareholders' equity 52,665 63,443
Total liabilities and shareholders' equity $ 333,836 $ 347,145
[1] Amounts for 2012 include Securities America which was acquired on November 4, 2011.