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
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 100,739 $ 98,930
Securities owned, at fair value 4,147 3,543
Receivables from clearing brokers 56,722 41,492
Receivables from other broker-dealers 1,927 853
Notes receivable from financial advisors, net 33,984 32,611
Other receivables, net 48,791 54,634
Fixed assets, net 22,822 21,253
Restricted assets 760 1,011
Intangible assets, net 108,796 124,938
Goodwill 124,211 124,031
Cash surrender value of life insurance 12,200 10,210
Other assets 37,516 32,497
Total assets 552,615 546,003
LIABILITIES:    
Securities sold, but not yet purchased, at fair value 198 382
Accrued compensation 28,607 26,299
Commissions and fees payable 62,384 60,594
Accounts payable and accrued liabilities 42,895 39,876
Deferred rent 2,083 1,764
Deferred income taxes 10,469 10,642
Deferred compensation liability 18,486 17,247
Accrued interest 482 281
Notes payable, net of $535 and $872 unamortized discount in 2017 and 2016, respectively. 28,182 26,417
Total liabilities 193,786 183,502
Commitments and contingencies (Note 7)
SHAREHOLDERS' EQUITY:    
Preferred stock, $.0001 par value; authorized 50,000,000 shares in 2017 and 2016: 8% Series A cumulative redeemable preferred stock; designated 23,844,916 shares in 2017 and 17,290,000 in 2016; shares issued and outstanding 16,596,828 in 2017 and 15,844,916 in 2016 (liquidation preference $414,921 and $396,123 in 2017 and 2016) 2 1
Common stock, $.0001 par value; authorized 1,000,000,000 shares in 2017 and 2016; shares issued and outstanding, 196,342,490 in 2017 and 194,057,738 in 2016 20 19
Additional paid-in capital 515,208 519,879
Accumulated deficit (156,423) (157,425)
Total shareholders’ equity of the Company 358,807 362,474
Noncontrolling interest 22 27
Total shareholders' equity 358,829 362,501
Total liabilities and shareholders' equity $ 552,615 $ 546,003