Divestitures (Tables)

9 Months Ended

Sep. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the assets and liabilities of the disposal group classified as held for sale on the condensed consolidated statement of financial condition as of September 30, 2023 and December 31, 2022:

(in thousands)	September 30, 2023		December 31, 2022
Cash and cash equivalents	$	145,679	$	159,123
Receivables, net:
Brokers and dealers	96,768		44,717
Brokerage clients	77,765		29,243
Other fees	19,860		22,988
Investments	23,941		24,507
Furniture and equipment, net	4,947		4,128
Other assets	153,127		107,764
Right-of-use assets	5,293		1,552
Intangible assets	4,271		4,903
Goodwill	159,826		159,826
Valuation adjustment (allowance) on disposal group	(10,150)		(7,400)
Total assets held for sale	$	681,327	$	551,351
Payables:
Brokers and dealers	$	70,927	$	32,983
Brokerage clients	29,281		10,232
Other liabilities	75,177		50,884
Accrued compensation and benefits	40,948		13,853
Total liabilities held for sale	$	216,333	$	107,952