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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 655,641 $ 484,989
Cash segregated under regulatory requirements 17,255 17,021
Financial instruments owned, at fair value 45,792 39,319
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers 350,036 559,680
Accrued commissions and other receivables, net 305,793 288,471
Loans, forgivable loans and other receivables from employees and partners, net 367,805 319,612
Fixed assets, net 178,300 183,478
Investments 38,314 38,575
Goodwill 506,344 486,585
Other intangible assets, net 211,285 192,783
Receivables from related parties 2,717 1,444
Other assets 496,655 463,014
Total assets 3,175,937 3,074,971
Liabilities, Redeemable Partnership Interest, and Equity    
Short-term borrowings 0 1,917
Accrued compensation 206,364 176,781
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 202,266 404,675
Payables to related parties 17,456 10,550
Accounts payable, accrued and other liabilities 668,189 683,104
Notes payable and other borrowings 1,183,506 1,049,217
Total liabilities 2,277,781 2,326,244
Commitments, contingencies and guarantees (Note 22)
Redeemable partnership interest 0 15,519
Stockholders’ equity:    
Additional paid-in capital 2,105,130 2,559,418
Treasury stock, at cost: 13,479,847 and 146,076,223 shares of Class A common stock at December 31, 2023 and December 31, 2022, respectively (67,414) (711,454)
Retained deficit (1,119,182) (1,138,066)
Accumulated other comprehensive income (loss) (38,582) (45,431)
Total stockholders’ equity 885,083 669,645
Noncontrolling interest in subsidiaries 13,073 63,563
Total equity 898,156 733,208
Total liabilities, redeemable partnership interest, and equity 3,175,937 3,074,971
Class A Common Stock    
Stockholders’ equity:    
Common stock value 4,036 4,719
Class B Common Stock    
Stockholders’ equity:    
Common stock value $ 1,095 $ 459