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Segment and Geographic Information (Schedule Of Segment Reporting Information) (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Segment Reporting Information [Line Items]      
Net trading $ 38,528 $ 69,486 $ 73,167
Asset management 19,803 23,172 21,698
New issue and advisory 6,418 5,021 3,585
Principal transactions and other income (7,232) (2,439) 1,881
Total revenues 57,517 95,240 100,331
Total operating expenses 78,621 94,945 118,496
Operating income / (loss) (21,104) 295 (18,165)
Income / (loss) from equity method affiliates 1,828 5,052 6,232
Other non operating income / (expense) (4,208) (8,003) (5,943)
Income / (loss) before income taxes (23,484) (2,656) (17,876)
Income tax expense / (benefit) (3,565) (615) (1,149)
Net income / (loss) (19,919) (2,041) (16,727)
Less: Net income / (loss) attributable to the non-controlling interest (6,601) (1,073) (7,339)
Net income / (loss) attributable to IFMI (13,318) (968) (9,388)
Depreciation and amortization (included in total operating expense) 1,405 1,305 2,238
Operating Segments [Member]
      
Segment Reporting Information [Line Items]      
Net trading 38,528 69,486 73,167
Asset management 19,803 23,172 21,698
New issue and advisory 6,418 6,021 3,585
Principal transactions and other income (7,232) (2,439) 1,881
Total revenues 57,517 96,240 100,331
Total operating expenses 65,360 83,632 86,693
Operating income / (loss) (7,843) 12,608 13,638
Income / (loss) from equity method affiliates 1,828 5,052 6,232
Other non operating income / (expense) (173) (3,554) 386
Income / (loss) before income taxes (6,188) 14,106 20,256
Income tax expense / (benefit) 14 49  
Net income / (loss) (6,202) 14,057 20,256
Less: Net income / (loss) attributable to the non-controlling interest (9) (216) (1,768)
Net income / (loss) attributable to IFMI (6,193) 14,273 22,024
Depreciation and amortization (included in total operating expense) 1,112 876 611
Unallocated [Member]
      
Segment Reporting Information [Line Items]      
New issue and advisory   (1,000) [1]  
Total revenues   (1,000) [1]  
Total operating expenses 13,261 [1] 11,313 [1] 31,803 [2]
Operating income / (loss) (13,261) [1] (12,313) [1] (31,803) [2]
Other non operating income / (expense) (4,035) [1] (4,449) [1] (6,329) [2]
Income / (loss) before income taxes (17,296) [1] (16,762) [1] (38,132) [2]
Income tax expense / (benefit) (3,579) [1] (664) [1] (1,149) [2]
Net income / (loss) (13,717) [1] (16,098) [1] (36,983) [2]
Less: Net income / (loss) attributable to the non-controlling interest (6,592) [1] (857) [1] (5,571) [2]
Net income / (loss) attributable to IFMI (7,125) [1] (15,241) [1] (31,412) [2]
Depreciation and amortization (included in total operating expense) 293 [1] 429 [1] 1,627 [2]
Capital Markets [Member]
      
Segment Reporting Information [Line Items]      
Net trading 38,528 69,486 73,167
New issue and advisory 6,418 6,021 3,585
Principal transactions and other income 542 166 199
Total revenues 45,488 75,673 76,951
Total operating expenses 53,518 74,595 79,986
Operating income / (loss) (8,030) 1,078 (3,035)
Income / (loss) from equity method affiliates     (204)
Other non operating income / (expense) (164) (3,554) 386
Income / (loss) before income taxes (8,194) (2,476) (2,853)
Income tax expense / (benefit) 14 49  
Net income / (loss) (8,208) (2,525) (2,853)
Less: Net income / (loss) attributable to the non-controlling interest (9) (216) (1,768)
Net income / (loss) attributable to IFMI (8,199) (2,309) (1,085)
Depreciation and amortization (included in total operating expense) 795 859 596
Asset Management Segment [Member]
      
Segment Reporting Information [Line Items]      
Asset management 19,803 23,172 21,698
Principal transactions and other income 1,712 894 1,316
Total revenues 21,515 24,066 23,014
Total operating expenses 11,523 8,690 6,017
Operating income / (loss) 9,992 15,376 16,997
Income / (loss) from equity method affiliates 546 3,309 5,329
Other non operating income / (expense) (9)    
Income / (loss) before income taxes 10,529 18,685 22,326
Net income / (loss) 10,529 18,685 22,326
Net income / (loss) attributable to IFMI 10,529 18,685 22,326
Depreciation and amortization (included in total operating expense) 317 17 15
Principal investing [Member]
      
Segment Reporting Information [Line Items]      
Principal transactions and other income (9,486) (3,499) 366
Total revenues (9,486) (3,499) 366
Total operating expenses 319 347 690
Operating income / (loss) (9,805) (3,846) (324)
Income / (loss) from equity method affiliates 1,282 1,743 1,107
Income / (loss) before income taxes (8,523) (2,103) 783
Net income / (loss) (8,523) (2,103) 783
Net income / (loss) attributable to IFMI (8,523) (2,103) 783
Institutional Financial Markets, Inc. [Member]
      
Segment Reporting Information [Line Items]      
Total revenues (11,502) 2,666 (5,480)
Operating income / (loss) (11,502) 2,666 (5,480)
Income / (loss) before income taxes (15,503) (1,731) (11,097)
Income tax expense / (benefit) (2,185) (763) (1,709)
Net income / (loss) (13,318) (968) (9,388)
Net income / (loss) attributable to IFMI $ (13,318) $ (968) $ (9,388)
[1] Unallocated includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on debt; and (3) income taxes. Management does not consider these items necessary for an understanding of the operating results of these business segments and such amounts are excluded in business segment reporting to the Chief Operating Decision Maker. During the third quarter of 2012, PrinceRidge (Capital Markets business segment) entered into an intercompany engagement with CCFL (Asset Management business segment). This intercompany transaction was eliminated in the unallocated segment.
[2] Unallocated assets primarily include (1) amounts due from related parties; (2) furniture and equipment, net; and (3) other assets that are not considered necessary for an understanding of business segment assets and such amounts are excluded in business segment reporting to the Chief Operating Decision Maker.