Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net (loss) income	$ (3,572)us-gaap_ProfitLoss	$ 4,264us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Change in fair value of contingent consideration	(31)	(12)
Adjustment to deferred rent	(58)us-gaap_OtherNoncashIncomeExpense	(89)us-gaap_OtherNoncashIncomeExpense
Amortization of intangible assets	5,109us-gaap_AmortizationOfIntangibleAssets	2,821us-gaap_AmortizationOfIntangibleAssets
Depreciation and other amortization	1,481	1,017
Loss on extinguishment of debt	252	314
Amortization of debt discount	176	142
Amortization of debt issue cost	94	100
Amortization of retention and forgivable loans	2,698lts_AmortizationofRetentionLoans	1,788lts_AmortizationofRetentionLoans
Deferred income taxes	(2,204)us-gaap_DeferredIncomeTaxExpenseBenefit	254us-gaap_DeferredIncomeTaxExpenseBenefit
Benefit attributable to reduction of goodwill	19	20
Non-cash interest expense on forgivable loans	251	210
Non-cash compensation expense	3,260us-gaap_ShareBasedCompensation	1,927us-gaap_ShareBasedCompensation
Loss on write-off of receivable from subtenant	855	0
Loss on write-off of furniture, fixtures and leasehold improvements, net	8	3
(Increase) decrease in operating assets, net of effects of acquisition:
Securities owned, at fair value	1,082	(1,928)
Receivables from clearing broker	(6,228)	(8,668)
Receivables from other broker-dealers	(343)	(2,698)
Other receivables, net	4,286	(1,418)
Notes receivable from financial advisors, net	(1,754)	(10)
Cash surrender value of life insurance	666	844
Other assets	(2,915)	641
Increase (decrease) in operating liabilities, net of effects of acquisition:
Securities sold, but not yet purchased, at fair value	91	5,927
Accrued compensation	(11,499)	(6,831)
Accrued interest	(350)	(276)
Commissions and fees payable	61	3,926
Deferred compensation liability	(423)	(599)
Accounts payable and accrued liabilities	(1,689)	(1,705)
Net cash used in operating activities	(10,677)	(36)
Cash flows from investing activities:
Purchases of fixed assets	(2,390)	(2,037)
Decrease (increase) in restricted assets	(180)	100
Acquisition of SSN, net of cash acquired	(16,919)	0
Net cash used in investing activities	(19,489)	(1,937)
Cash flows from financing activities:
Issuance of Series A preferred stock	69,476	13,690
Issuance of common stock	814	841
Series A preferred stock dividends paid	(6,332)	(3,225)
Repurchases of common stock	(1,589)	(904)
Principal repayments on notes payable	(12,399)us-gaap_RepaymentsOfNotesPayable	(10,229)us-gaap_RepaymentsOfNotesPayable
Principal repayments under revolving credit facility, net	(118)us-gaap_RepaymentsOfLinesOfCredit	0us-gaap_RepaymentsOfLinesOfCredit
Net cash provided by financing activities	49,852	173
Net increase (decrease) in cash and cash equivalents	19,686	(1,800)
Cash and cash equivalents, beginning of period	103,087	50,329
Cash and cash equivalents, end of period	122,773	48,529
Supplemental cash flow information:
Interest paid	1,265us-gaap_InterestPaid	1,717us-gaap_InterestPaid
Taxes paid	1,118us-gaap_IncomeTaxesPaid	1,446us-gaap_IncomeTaxesPaid
Securities Service Network, Inc. (SSN)
Cash flows from operating activities:
Net (loss) income	636
Statement [Line Items]
Assets acquired	52,175
Liabilities assumed	(4,888)
Total purchase price	47,287
Cash paid in acquisition	25,000
Cash acquired in acquisition	(8,081)
Net cash paid in acquisition	16,919
Securities Service Network, Inc. (SSN) \| Common Stock
Statement [Line Items]
Promissory note	(18,697)
Due to selling shareholders	$ (3,590)