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Condensed Consolidated Statements of Financial Condition - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 526,293,000 $ 484,989,000
Cash segregated under regulatory requirements 16,314,000 17,021,000
Financial instruments owned, at fair value 40,519,000 39,319,000
Reverse repurchase agreements 200,000,000 0
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers 1,262,933,000 559,680,000
Accrued commissions and other receivables, net 320,516,000 288,471,000
Loans, forgivable loans and other receivables from employees and partners, net 325,823,000 319,612,000
Fixed assets, net 182,624,000 183,478,000
Investments 40,031,000 38,575,000
Goodwill 503,374,000 486,585,000
Other intangible assets, net 200,461,000 192,783,000
Receivables from related parties 9,002,000 1,444,000
Other assets 453,797,000 463,014,000
Total assets 4,081,687,000 3,074,971,000
Liabilities, Redeemable Partnership Interest, and Equity    
Short-term borrowings 0 1,917,000
Accrued compensation 177,114,000 176,781,000
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 1,066,948,000 404,675,000
Payables to related parties 669,000 10,550,000
Accounts payable, accrued and other liabilities 623,803,000 683,104,000
Notes payable and other borrowings 1,394,006,000 1,049,217,000
Total liabilities 3,262,540,000 2,326,244,000
Commitments, contingencies and guarantees (Note 19)
Redeemable partnership interest 0 15,519,000
Stockholders’ equity:    
Additional paid-in capital 2,667,812,000 2,559,418,000
Treasury stock, at cost: 156,639 and 146,076 shares of Class A common stock at June 30, 2023 and December 31, 2022, respectively (753,331,000) (711,454,000)
Retained deficit (1,146,350,000) (1,138,066,000)
Accumulated other comprehensive income (loss) (41,128,000) (45,431,000)
Total stockholders’ equity 732,548,000 669,645,000
Noncontrolling interest in subsidiaries 86,599,000 63,563,000
Total equity 819,147,000 733,208,000
Total liabilities, redeemable partnership interest, and equity 4,081,687,000 3,074,971,000
Class A Common Stock    
Stockholders’ equity:    
Common stock value 5,086,000 4,719,000
Class B Common Stock    
Stockholders’ equity:    
Common stock value $ 459,000 $ 459,000