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Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues:
Advisory fees	$ 53,262	$ 60,615
Other income	1,337	263
Total revenues	54,599	60,878
Expenses:
Compensation and benefits	17,874	15,226
Fund management and administration	9,600	10,044
Marketing and advertising	3,537	3,832
Sales and business development	2,962	2,447
Professional and consulting fees	1,558	2,835
Occupancy, communications and equipment	1,353	1,222
Depreciation and amortization	337	316
Third-party sharing arrangements	932	907
Acquisition payment		745
Other	1,624	1,632
Total expenses	39,777	39,206
Income before taxes	14,822	21,672
Income tax expense	7,942	9,600
Net income	$ 6,880	$ 12,072
Net income per share - basic	$ 0.05	$ 0.09
Net income per share - diluted	$ 0.05	$ 0.09
Weighted-average common shares - basic	134,385	135,467
Weighted-average common shares - diluted	135,509	136,457
Cash dividends declared per common share	$ 0.08	$ 0.08

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