Quarterly report pursuant to Section 13 or 15(d)

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

v3.8.0.1
Revenue from Contracts with Customers - Impact on Statement of Financial Condition (Details) - USD ($)
$ in Thousands
Mar. 31, 2018
Jan. 01, 2018
Dec. 31, 2017
Mar. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]        
Cash and cash equivalents $ 145,417   $ 172,103 $ 75,643
Securities owned, at fair value 4,104   3,881  
Receivables from clearing brokers 55,842   48,543  
Receivables from other broker-dealers 2,263   2,822  
Notes receivable from financial advisors, net 6,522   47,369  
Other receivables, net 122,154   60,707  
Fixed assets, net 23,886   23,621  
Restricted cash 760   760  
Intangible assets, net 76,131   103,611  
Goodwill 124,210   124,210  
Contract acquisition costs, net 73,234   0  
Cash surrender value of life insurance 12,691   12,711  
Other assets 36,941   31,687  
Total assets 684,155   632,025 $ 524,048
Securities sold, but not yet purchased, at fair value 235   231  
Accrued compensation 18,828   33,343  
Commissions and fees payable 95,937   67,221  
Accounts payable and accrued liabilities 52,205   40,478  
Deferred rent 2,571   2,151  
Deferred income taxes 6,532   2,968  
Deferred compensation liability 18,340   18,161  
Accrued interest 261   232  
Notes Payable 98,997   96,849  
Total liabilities 293,906   261,634  
Commitments and contingencies (Note 9)    
Preferred stock 2   2  
Common stock 20   20  
Additional paid-in capital 510,409   520,135  
Accumulated deficit (120,206)   (149,778)  
Total shareholders’ equity of the Company 390,225   370,379  
Noncontrolling interest 24   12  
Total shareholders' equity 390,249   370,391  
Total liabilities and shareholders' equity 684,155   632,025  
Deferred Tax Assets, Net 36,941      
Accounting Standards Update 2014-09        
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]        
Contract acquisition costs, net   $ 40,566    
Balances without the adoption of ASC 606        
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]        
Cash and cash equivalents 145,417      
Securities owned, at fair value 4,104      
Receivables from clearing brokers 55,842      
Receivables from other broker-dealers 2,263      
Notes receivable from financial advisors, net 57,038      
Other receivables, net 60,231      
Fixed assets, net 23,886      
Restricted cash 760      
Intangible assets, net 98,463      
Goodwill 124,210      
Contract acquisition costs, net 0      
Cash surrender value of life insurance 12,691      
Total assets 621,491      
Securities sold, but not yet purchased, at fair value 235      
Accrued compensation 18,816      
Commissions and fees payable 63,366      
Accounts payable and accrued liabilities 51,874      
Deferred rent 2,571      
Deferred income taxes 2,631      
Deferred compensation liability 18,340      
Accrued interest 261      
Notes Payable 98,997      
Total liabilities 257,091      
Preferred stock 2      
Common stock 20      
Additional paid-in capital 510,409      
Accumulated deficit (146,044)      
Total shareholders’ equity of the Company 364,387      
Noncontrolling interest 13      
Total shareholders' equity 364,400      
Total liabilities and shareholders' equity 621,491      
Deferred Tax Assets, Net 36,586      
Effects of Change Higher/(Lower) | 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 (50,516)      
Other receivables, net 61,923      
Fixed assets, net 0      
Restricted cash 0      
Intangible assets, net (22,332)      
Goodwill 0      
Contract acquisition costs, net 73,234      
Cash surrender value of life insurance 0      
Total assets 62,664      
Securities sold, but not yet purchased, at fair value 0      
Accrued compensation 12      
Commissions and fees payable 32,571      
Accounts payable and accrued liabilities 331      
Deferred rent 0      
Deferred income taxes 3,901      
Deferred compensation liability 0      
Accrued interest 0      
Notes Payable 0      
Total liabilities 36,815      
Preferred stock 0      
Common stock 0      
Additional paid-in capital 0      
Accumulated deficit 25,838 24,109    
Total shareholders’ equity of the Company 25,838      
Noncontrolling interest 11      
Total shareholders' equity 25,849      
Total liabilities and shareholders' equity 62,664      
Deferred Tax Assets, Net $ 355      
Adjusted        
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]        
Cash and cash equivalents   172,103    
Securities owned, at fair value   3,881    
Receivables from clearing brokers   48,543    
Receivables from other broker-dealers   2,822    
Notes receivable from financial advisors, net   6,803    
Other receivables, net   119,356    
Fixed assets, net   23,621    
Restricted cash   760    
Intangible assets, net   79,966    
Goodwill   124,210    
Contract acquisition costs, net   61,340    
Cash surrender value of life insurance   12,711    
Other assets   31,712    
Total assets   687,828    
Securities sold, but not yet purchased, at fair value   231    
Accrued compensation   33,233    
Commissions and fees payable   96,616    
Accounts payable and accrued liabilities   39,241    
Deferred rent   2,151    
Deferred income taxes   6,603    
Deferred compensation liability   18,161    
Accrued interest   232    
Notes Payable   96,849    
Total liabilities   293,317    
Commitments and contingencies (Note 9)      
Preferred stock   2    
Common stock   20    
Additional paid-in capital   520,135    
Accumulated deficit   (125,669)    
Total shareholders’ equity of the Company   394,488    
Noncontrolling interest   23    
Total shareholders' equity   394,511    
Total liabilities and shareholders' equity   $ 687,828    
Investment Banking | 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)  
Commitments and contingencies (Note 9)      
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 | 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     1,489  
Deferred compensation liability     0  
Accrued interest     0  
Notes Payable     0  
Total liabilities     30,884  
Commitments and contingencies (Note 9)      
Preferred stock     0  
Common stock     0  
Additional paid-in capital     0  
Accumulated deficit     4,257  
Total shareholders’ equity of the Company     4,257  
Noncontrolling interest     0  
Total shareholders' equity     4,257  
Total liabilities and shareholders' equity     35,141  
Costs to obtain or fulfill a contract | 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     (40,566)  
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     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     2,118  
Deferred compensation liability     0  
Accrued interest     0  
Notes Payable     0  
Total liabilities     985  
Commitments and contingencies (Note 9)      
Preferred stock     0  
Common stock     0  
Additional paid-in capital     0  
Accumulated deficit     19,778  
Total shareholders’ equity of the Company     19,778  
Noncontrolling interest     11  
Total shareholders' equity     19,789  
Total liabilities and shareholders' equity     $ 20,774