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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities:    
Net Income $ 14,185 $ 5,450
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and other amortization 575 323
Intangible asset amortization 1,164 988
Stock-based compensation 1,448 1,633
Amortization of deferred commissions 2,877 2,820
Payments of deferred commissions (4,281) (2,788)
Realized and unrealized gains on trading securities (825) (1,224)
Realized and unrealized gains on investments of consolidated sponsored investment products (372)  
Sale (purchase) of trading securities, net 126 (27)
Purchase of investments by consolidated sponsored investment products, net (4,176)  
Deferred income taxes 7,984 3,506
Changes in operating assets and liabilities:    
Accounts receivable (5,167) (4,379)
Prepaid expenses and other assets (2,063) (847)
Accounts payable and accrued liabilities (19,753) (16,760)
Other liabilities 2,916 1,880
Net cash used in operating activities (5,362) (9,425)
Cash Flows from Investing Activities:    
Capital expenditures (762) (1,427)
Change in cash and cash equivalents of consolidated sponsored investment products due to deconsolidation (734)  
Purchase of available-for-sale securities (48) (142)
Net cash used in investing activities (1,544) (1,569)
Cash Flows from Financing Activities:    
Contingent consideration paid for acquired investment management contracts (145) (176)
Repurchase of common shares (10,356)  
Proceeds from exercise of stock options 126 752
Taxes paid related to net share settlement of restricted stock units (5,157) (2,028)
Contributions to noncontrolling interests 4,923  
Net cash used in financing activities (10,609) (1,452)
Net decrease in cash and cash equivalents (17,515) (12,446)
Cash and cash equivalents, beginning of period 63,446 45,267
Cash and Cash Equivalents, end of period 45,931 32,821
Non-Cash Financing Activities:    
Preferred stock conversion   $ 35,217