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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Subsequent Events
On July 3, 2017, the Company acquired all ownership interests of Archway Technology Partners, LLC, Archway Finance & Operations, Inc. and Keystone Capital Holdings, LLC (collectively, Archway), a provider of operating technologies and services to the family office industry, from Keystone International Holdings, Inc. The purchase price paid by the Company included approximately $81,532 in cash consideration, subject to adjustment and including transaction costs, with up to an additional $8,000 payable to the seller as a contingent purchase price with respect to two one-year periods ending December 31, 2017 and 2018 depending upon whether Archway achieves specified financial measures during such periods. Archway will be integrated into the Company's Investment Managers business segment.
The initial purchase accounting for this transaction has not yet been completed given the short period of time between the acquisition date and the issuance of these financial statements.
Subsequent to the funding of the cash consideration for the acquisition of Archway, the Company elected to borrow $40,000 under the Credit Facility for other cash management purposes (See Note 7).