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Condensed Financial Information of Registrant (Statement of Operations) (Details) (USD $) In Thousands, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011
Condensed Income Statements, Captions [Line Items] |  |  |
Total revenues | $ 57,517 | $ 95,240 | $ 100,331
Operating income / (loss) | (21,104) | 295 | (18,165)
Interest expense, net | (4,193) | (3,732) | (5,976)
Income/ (loss) before income tax expense / (benefit) | (23,484) | (2,656) | (17,876)
Income tax expense / (benefit) | (3,565) | (615) | (1,149)
Net income / (loss) | (13,318) | (968) | (9,388)
Institutional Financial Markets, Inc. [Member] |  |  |
Condensed Income Statements, Captions [Line Items] |  |  |
Equity in undistributed earnings / (loss) from IFMI, LLC | (11,502) | 2,666 | (5,480)
Total revenues | (11,502) | 2,666 | (5,480)
Operating income / (loss) | (11,502) | 2,666 | (5,480)
Interest expense, net | (4,001) | (4,397) | (5,617)
Income/ (loss) before income tax expense / (benefit) | (15,503) | (1,731) | (11,097)
Income tax expense / (benefit) | (2,185) | (763) | (1,709)
Net income / (loss) | $ (13,318) | $ (968) | $ (9,388)

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