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Other Receivables
 12 Months Ended
Dec. 31, 2013
Other Receivables [Abstract]  
Other Receivables

7. OTHER RECEIVABLES

Receivables are comprised of the following:

 

 

 

 

 

 

 

 

 

OTHER RECEIVABLES

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

December 31, 2013

 

December 31, 2012

Asset management fees

 

$
3,886 

 

$
2,874 

New issue and advisory fees

 

 
150 

 

 
1,109 

Accrued interest and dividends receivable, net

 

 
440 

 

 
1,508 

Commissions receivable

 

 

 -

 

 
1,221 

Secured receivable

 

 

 -

 

 
1,582 

Revenue share receivable

 

 
628 

 

 
34 

Other

 

 
554 

 

 
160 

Other receivables

 

$
5,658 

 

$
8,488 

 

Asset management and new issue and advisory receivables are of a routine and short-term nature. These amounts are generally accrued monthly and paid on a monthly or quarterly basis. See note 3-L regarding asset management fees accrued. Accrued interest and dividend receivable, net represents interest accrued on the Company’s investment securities and dividends accrued on the Company’s Investment Vehicles net of interest payable on securities sold but not yet purchased. Commissions receivable primarily represented outstanding fees for trades completed by the Company’s agency brokerage business offering execution and brokerage services for cash equity and derivative products and were of a routine and short-term nature. Revenue share receivable represents the amount due to the Company for the Company’s share of revenue generated from the FGC Buyer and SCM Buyer in accordance with the terms of the respective purchase agreements. See note 5.  Secured receivable represented a receivable from an unrelated third party, which was short-term in nature and secured by physical commodities.  Other receivables represent other miscellaneous receivables that are of a short-term nature.