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Condensed Financial Information of Registrant (Statement of Cash Flows) (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income / (loss) $ (19,919) $ (2,041) $ (16,727)
Adjustments to reconcile net income / (loss) to net cash provided by (used in) operating activities:      
Other (income) / expense 15 (86) (33)
Amortization of discount on debt 906 189 429
(Increase) decrease in other assets (596) 1,583 7,615
Increase (decrease) in accounts payable and other liabilities (4,860) (1,544) (3,149)
(Income) / loss from equity method affiliates (1,828) (5,052) (6,232)
Increase (decrease) in deferred income taxes (2,073) (897) (1,389)
Net cash provided by (used in) operating activities (8,231) 14,748 (6,299)
Financing activities      
Repurchase of debt (6,072) (16,270) (7,960)
Payments for deferred financing costs (670)    
Cash used to settle equity awards (153) (199) (72)
Dividends paid to stockholders (1,066) (953) (2,115)
Net cash used in financing activities 4,032 (27,717) (12,796)
Net increase (decrease) in cash and cash equivalents (1,339) (3,721) (25,725)
Cash and cash equivalents, beginning of period 14,500 18,221 43,946
Cash and cash equivalents, end of period 13,161 14,500 18,221
Institutional Financial Markets, Inc. [Member]
      
Operating activities      
Net income / (loss) (13,318) (968) (9,388)
Adjustments to reconcile net income / (loss) to net cash provided by (used in) operating activities:      
Equity in undistributed earnings / (loss) from IFMI, LLC 11,502 (2,666) 5,480
Distributions from / (Contributions to) IFMI, LLC (3,653) 15,943 8,346
Other (income) / expense 15 (3) (33)
Amortization of discount on debt 906 189 429
(Increase) decrease in other assets 32 246 12
Increase (decrease) in accounts payable and other liabilities 74 (330) 9
Increase (decrease) in deferred income taxes (2,144) (826) (1,708)
Net cash provided by (used in) operating activities (6,586) 11,585 3,147
Financing activities      
Repurchase of debt (5,000) (10,357) (984)
Issuance of debt 8,248    
Payments for deferred financing costs (670)    
Cash used to settle equity awards (110) (135) (48)
Proceeds from issuance of stock, net 5,051    
Dividends paid to stockholders (1,066) (953) (2,115)
Net cash used in financing activities 6,453 (11,445) (3,147)
Net increase (decrease) in cash and cash equivalents (133) 140  
Cash and cash equivalents, beginning of period 140    
Cash and cash equivalents, end of period $ 7 $ 140