Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 55,473	$ 41,968
Cash segregated under federal or other regulations	3,557	0
Available-for-sale investments	11,301	251,620
Accounts receivable, net of allowance of $20 and $1	7,884	292
Commissions receivable	16,328	0
Other receivables	24,407	1,890
Prepaid expenses and other current assets, net	10,062	6,466
Current assets of discontinued operations	211,663	72,253
Total current assets	340,675	374,489
Long-term assets:
Property and equipment, net	11,308	6,542
Goodwill, net	548,959	188,541
Other intangible assets, net	396,295	92,119
Long-term assets of discontinued operations	0	202,707
Other long-term assets	2,311	1,377
Total long-term assets	958,873	491,286
Total assets	1,299,548	865,775
Current liabilities:
Accounts payable	4,689	419
Commissions and advisory fees payable	16,982	0
Accrued expenses and other current liabilities	13,006	7,227
Deferred revenue	11,521	6,320
Current portion of long-term debt, net	31,631	0
Current liabilities of discontinued operations	88,275	61,092
Total current liabilities	166,104	75,058
Long-term liabilities:
Long-term debt, net	353,850	51,940
Convertible senior notes, net	185,918	181,063
Deferred tax liability, net	103,520	20,282
Deferred revenue	1,902	1,915
Long-term liabilities of discontinued operations	0	53,764
Other long-term liabilities	10,932	2,728
Total long-term liabilities	656,122	311,692
Total liabilities	822,226	386,750
Redeemable non-controlling interests	$ 15,038	$ 0
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, par value $.0001-authorized, 900,000 shares; issued and outstanding, 40,954 and 40,882	$ 4	$ 4
Additional paid-in capital	1,490,405	1,467,658
Accumulated deficit	(1,027,598)	(987,524)
Accumulated other comprehensive loss	(527)	(1,113)
Total stockholders’ equity	462,284	479,025
Total liabilities and stockholders’ equity	$ 1,299,548	$ 865,775