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Schedule I Condensed Financial Information of Registrant (Statement of Operations) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Condensed Income Statements, Captions [Line Items]      
Total revenues $ 46,156 $ 55,750 $ 57,517
Operating income / (loss) (1,661) 288 (21,104)
Interest expense, net (3,922) (4,401) (4,193)
Income/ (loss) before income tax expense / (benefit) (5,583) (4,086) (23,484)
Income tax expense / (benefit) 85 (414) (3,565)
Net income / (loss) (4,079) (2,585) (13,318)
Institutional Financial Markets, Inc. [Member]      
Condensed Income Statements, Captions [Line Items]      
Equity in undistributed earnings / (loss) from IFMI, LLC (180) 1,174 (11,502)
Total revenues (180) 1,174 (11,502)
Operating income / (loss) (180) 1,174 (11,502)
Interest expense, net (3,922) (4,401) (4,001)
Income/ (loss) before income tax expense / (benefit) (4,102) (3,227) (15,503)
Income tax expense / (benefit) (23) (642) (2,185)
Net income / (loss) $ (4,079) $ (2,585) $ (13,318)