Other Receivables

12 Months Ended

Dec. 31, 2012

Other Receivables

7. OTHER RECEIVABLES

Receivables are comprised of the following:

OTHER RECEIVABLES

(Dollars in Thousands)

	December 31, 2012		December 31, 2011
Asset management fees	$	2,874	$	2,182
New issue and advisory		1,109		168
Reimbursable costs		—		191
Accrued interest and dividend receivable, net		1,508		375
Commissions receivable		1,221		1,101
Payroll tax refund receivable		—		149
Incentive and reimbursement receivable from landlord		—		706
Secured receivable		1,582		—
Other		194		659
Other receivables	$	8,488	$	5,531

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. Reimbursable costs represent various fees paid by the Company but incurred on behalf of Investment Vehicles managed by the Company that will be reimbursed by the Investment Vehicles. Accrued interest and dividend receivable, net represents interest accrued on the Company’s investment securities and dividends accrued on the Company’s Investment Vehicles. Commissions receivable primarily represents outstanding fees for trades completed by the Company’s agency brokerage business offering execution and brokerage services for cash equity and derivative products and are of a routine and short-term nature. The Company’s agency brokerage unit related to cash equity and derivative products was transferred to the FGC Buyer on December 31, 2012. See note 5. Secured receivable represents a receivable from an unrelated third party, which is short-term in nature and secured by physical commodities. Other receivables represent other miscellaneous receivables that are of a short-term nature.