Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Financial Condition

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Condensed Consolidated Statements Of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 124,548 $ 103,087
Securities owned, at fair value 4,617 5,910
Receivables from clearing brokers 51,582 38,760
Receivables from other broker-dealers 4,387 1,788
Notes receivable from financial advisors, net 23,249 26,152
Other receivables, net 37,819 36,872
Fixed assets, net 21,616 19,820
Restricted assets 800 620
Intangible assets, net 146,337 123,000
Goodwill 125,655 115,238
Unamortized debt issue cost 441 644
Cash surrender value of life insurance 9,760 10,419
Other assets 27,689 28,448
Total assets 578,500 510,758
LIABILITIES AND SHAREHOLDERS' EQUITY    
Securities sold, but not yet purchased, at fair value 5,183 230
Accrued compensation 18,434 23,483
Commissions and fees payable 51,335 45,294
Accounts payable and accrued liabilities 22,421 25,747
Deferred rent 1,618 1,514
Deferred income taxes 2,737 3,216
Deferred compensation liability 17,372 17,640
Accrued interest 1,010 1,129
Notes payable, net of $1,819 and $1,093 unamortized discount in 2015 and 2014, respectively 60,911 56,034
Total liabilities $ 181,021 $ 174,287
Commitments and contingencies (Note 9)    
Shareholders' equity:    
Preferred stock, $.0001 par value; authorized 25,000,000 shares in 2015 and 2014: 8% Series A cumulative redeemable preferred stock; authorized 17,290,000 shares in 2015 and 14,290,000 shares in 2014; shares issued and outstanding 14,458,243 in 2015 and 11,096,231 in 2014 (liquidation preference $361,456 in 2015 and $277,406 in 2014) $ 1 $ 1
Common stock, $.0001 par value; authorized 800,000,000 shares in 2015 and 2014; shares issued and outstanding 185,465,799 in 2015 and 184,968,487 in 2014 19 18
Additional paid-in capital 527,462 460,446
Accumulated deficit (130,026) (124,005)
Total shareholders’ equity of the Company 397,456 336,460
Noncontrolling interest 23 11
Total shareholders' equity 397,479 336,471
Total liabilities and shareholders' equity $ 578,500 $ 510,758