Annual report pursuant to Section 13 and 15(d)

Revenue from Contracts with Customers (Impact on Statement of Financial Condition) (Details)

v3.19.1
Revenue from Contracts with Customers (Impact on Statement of Financial Condition) (Details) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2018
Jan. 01, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cash and cash equivalents $ 182,693 $ 172,103 $ 172,103 $ 98,930  
Securities owned, at fair value 10,923 3,881 3,881    
Receivables from clearing brokers 24,068 48,543 48,543    
Receivables from other broker-dealers 7,078 2,822 2,822    
Notes receivable from financial advisors, net 5,809 6,803 47,369    
Other receivables, net 133,242 119,356 60,707    
Fixed assets, net 29,994 23,621 23,621    
Restricted cash 6,588 760 760 1,011  
Intangible assets, net 73,064 79,966 103,611    
Goodwill 126,079 124,210 124,210 124,031  
Contract acquisition costs, net 80,726 61,340 0    
Cash surrender value of life insurance 11,406 12,711 12,711    
Income taxes receivable 2,156   0    
Other assets 47,078 31,712 31,687    
Total assets 740,904 687,828 632,025 546,003  
Securities sold, but not yet purchased, at fair value 2,575 231 231    
Accrued compensation 39,192 33,233 33,343    
Commissions and fees payable 105,306 96,616 67,221    
Accounts payable and accrued liabilities 48,813 39,241 40,478    
Deferred rent 2,956 2,151 2,151    
Deferred income taxes 14,068   2,968    
Deferred income taxes 35,188 5,938 26,518    
Deferred compensation liability 20,622 18,161 18,161    
Accrued interest 123 232 232    
Notes payable 254,072 96,849 96,849    
Total liabilities 487,727 292,652 261,634    
Commitments and contingencies      
Preferred stock 2 2 2    
Common stock 14 20 20    
Additional paid-in capital 344,356 520,135 520,135    
Accumulated deficit (91,246) (125,004) (149,778)    
Total shareholders' equity of the Company 253,126 395,153 370,379    
Noncontrolling interest 51 23 12    
Total shareholders' equity 253,177 395,176 370,391 $ 362,501 $ 376,031
Total liabilities and shareholders' equity 740,904 $ 687,828 632,025    
Accounting Standards Update 2014-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Retained earnings adjustment 665        
Contract acquisition costs, net     (40,566)    
As Reported          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cash and cash equivalents 182,693   172,103    
Securities owned, at fair value 10,923   3,881    
Receivables from clearing brokers 24,068   48,543    
Receivables from other broker-dealers 7,078   2,822    
Notes receivable from financial advisors, net 57,417   47,369    
Other receivables, net 69,209   60,707    
Fixed assets, net 29,994   23,621    
Restricted cash 6,588   760    
Intangible assets, net 91,454   103,611    
Goodwill 126,079   124,210    
Contract acquisition costs, net 0   0    
Cash surrender value of life insurance 11,406   12,711    
Income taxes receivable 0        
Other assets 46,578   31,687    
Total assets     632,025    
Securities sold, but not yet purchased, at fair value 2,575   231    
Accrued compensation 39,257   33,343    
Commissions and fees payable 73,452   67,221    
Accounts payable and accrued liabilities 41,026   40,478    
Deferred rent 2,956   2,151    
Deferred income taxes 9,742        
Deferred income taxes     2,968    
Deferred compensation liability 20,622   18,161    
Accrued interest 123   232    
Notes payable 254,072   96,849    
Total liabilities     261,634    
Preferred stock 2   2    
Common stock 14   20    
Additional paid-in capital 344,356   520,135    
Accumulated deficit (124,750)   (149,778)    
Total shareholders' equity of the Company 219,622   370,379    
Noncontrolling interest 40   12    
Total shareholders' equity 219,662   370,391    
Total liabilities and shareholders' equity 663,487   632,025    
Adjustments | Accounting Standards Update 2014-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cash and cash equivalents 0        
Securities owned, at fair value 0        
Receivables from clearing brokers 0        
Receivables from other broker-dealers 0        
Notes receivable from financial advisors, net (51,608)        
Other receivables, net 64,033        
Fixed assets, net 0        
Restricted cash 0        
Intangible assets, net (18,390)        
Goodwill 0        
Contract acquisition costs, net 80,726        
Cash surrender value of life insurance 0        
Income taxes receivable 2,156        
Other assets 500        
Securities sold, but not yet purchased, at fair value 0        
Accrued compensation (65)        
Commissions and fees payable 31,854        
Accounts payable and accrued liabilities 7,787        
Deferred rent 0        
Deferred income taxes 4,326        
Deferred compensation liability 0        
Accrued interest 0        
Notes payable 0        
Preferred stock 0        
Common stock 0        
Additional paid-in capital 0        
Accumulated deficit 33,504        
Total shareholders' equity of the Company 33,504        
Noncontrolling interest 11        
Total shareholders' equity 33,515        
Total liabilities and shareholders' equity 77,417        
Investment Banking | As Reported | Accounting Standards Update 2014-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Total assets 663,487        
Total liabilities 443,825        
Investment Banking | Adjustments | Accounting Standards Update 2014-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cash and cash equivalents     0    
Securities owned, at fair value     0    
Receivables from clearing brokers     0    
Receivables from other broker-dealers     0    
Notes receivable from financial advisors, net     0    
Other receivables, net     (137)    
Fixed assets, net     0    
Restricted cash     0    
Intangible assets, net     0    
Goodwill     0    
Contract acquisition costs, net     0    
Cash surrender value of life insurance     0    
Other assets     25    
Total assets     (112)    
Securities sold, but not yet purchased, at fair value     0    
Accrued compensation     (110)    
Commissions and fees payable     0    
Accounts payable and accrued liabilities     (104)    
Deferred rent     0    
Deferred income taxes     28    
Deferred compensation liability     0    
Accrued interest     0    
Notes payable     0    
Total liabilities     (186)    
Preferred stock     0    
Common stock     0    
Additional paid-in capital     0    
Accumulated deficit     74    
Total shareholders' equity of the Company     74    
Noncontrolling interest     0    
Total shareholders' equity     74    
Total liabilities and shareholders' equity     (112)    
Insurance Renewals | Adjustments | Accounting Standards Update 2014-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cash and cash equivalents     0    
Securities owned, at fair value     0    
Receivables from clearing brokers     0    
Receivables from other broker-dealers     0    
Notes receivable from financial advisors, net     0    
Other receivables, net     58,786    
Fixed assets, net     0    
Restricted cash     0    
Intangible assets, net     (23,645)    
Goodwill     0    
Contract acquisition costs, net     0    
Cash surrender value of life insurance     0    
Other assets     0    
Total assets     35,141    
Securities sold, but not yet purchased, at fair value     0    
Accrued compensation     0    
Commissions and fees payable     29,395    
Accounts payable and accrued liabilities     0    
Deferred rent     0    
Deferred income taxes     1,462    
Deferred compensation liability     0    
Accrued interest     0    
Notes payable     0    
Total liabilities     30,857    
Preferred stock     0    
Common stock     0    
Additional paid-in capital     0    
Accumulated deficit     4,284    
Total shareholders' equity of the Company     4,284    
Noncontrolling interest     0    
Total shareholders' equity     4,284    
Total liabilities and shareholders' equity     35,141    
Costs to obtain or fulfill a contract | Adjustments | Accounting Standards Update 2014-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cash and cash equivalents     0    
Securities owned, at fair value     0    
Receivables from clearing brokers     0    
Receivables from other broker-dealers     0    
Other receivables, net     0    
Fixed assets, net     0    
Restricted cash     0    
Intangible assets, net     0    
Goodwill     0    
Contract acquisition costs, net     61,340    
Cash surrender value of life insurance     0    
Other assets     0    
Total assets 77,417   20,774    
Securities sold, but not yet purchased, at fair value     0    
Accrued compensation     0    
Commissions and fees payable     0    
Accounts payable and accrued liabilities     (1,133)    
Deferred rent     0    
Deferred income taxes     1,480    
Deferred compensation liability     0    
Accrued interest     0    
Notes payable     0    
Total liabilities $ 43,902   347    
Preferred stock     0    
Common stock     0    
Additional paid-in capital     0    
Accumulated deficit     20,416    
Total shareholders' equity of the Company     20,416    
Noncontrolling interest     11    
Total shareholders' equity     20,427    
Total liabilities and shareholders' equity     $ 20,774