Current Expected Credit Losses (CECL) (Tables)

6 Months Ended

Jun. 30, 2022

Credit Loss [Abstract]

Schedule of Current Expected Credit Losses

During the three and six months ended June 30, 2022 and 2021, the Company recorded increases in the CECL reserve as follows (in millions):

	Accrued commissions and other receivables, net		Loans, forgivable loans and other receivables from employees and partners, net		Receivables from broker-dealers, clearing organizations, customers and related broker-dealers		Total
Beginning balance, April 1, 2022	$	1.6	$	2.1	$	5.5	$	9.2
Current-period provision for expected credit losses	$	3.2	$	1.2	$	1.4	$	5.8
Ending balance, June 30, 2022	$	4.8	$	3.3	$	6.9	$	15.0

	Accrued commissions and other receivables, net		Loans, forgivable loans and other receivables from employees and partners, net		Receivables from broker-dealers, clearing organizations, customers and related broker-dealers		Total
Beginning balance, January 1, 2022	$	0.7	$	1.7	$	—	$	2.4
Current-period provision for expected credit losses	$	4.1	$	1.6	$	6.9	$	12.6
Ending balance, June 30, 2022	$	4.8	$	3.3	$	6.9	$	15.0

	Accrued commissions and other receivables, net		Loans, forgivable loans and other receivables from employees and partners, net		Receivables from broker-dealers, clearing organizations, customers and related broker-dealers		Total
Beginning balance, April 1, 2021	$	1.0	$	1.8	$	—	$	2.8
Current-period provision for expected credit losses	$	—	$	(0.1)	$	—	$	(0.1)
Ending balance, June 30, 2021	$	1.0	$	1.7	$	—	$	2.7

	Accrued commissions and other receivables, net		Loans, forgivable loans and other receivables from employees and partners, net		Receivables from broker-dealers, clearing organizations, customers and related broker-dealers		Total
Beginning balance, January 1, 2021	$	1.0	$	1.6	$	—	$	2.6
Current-period provision for expected credit losses	$	—	$	0.1	$	—	$	0.1
Ending balance, June 30, 2021	$	1.0	$	1.7	$	—	$	2.7