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Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets

Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Financial Advisory

 

Net Revenue

 

$

410,882

 

 

$

286,965

 

 

$

746,694

 

 

$

552,979

 

 

 

Operating Expenses

 

 

313,719

 

 

 

233,727

 

 

 

576,470

 

 

 

460,805

 

 

 

Operating Income

 

$

97,163

 

 

$

53,238

 

 

$

170,224

 

 

$

92,174

 

Asset Management

 

Net Revenue

 

$

309,878

 

 

$

254,126

 

 

$

593,241

 

 

$

499,885

 

 

 

Operating Expenses

 

 

215,901

 

 

 

182,702

 

 

 

404,652

 

 

 

357,863

 

 

 

Operating Income

 

$

93,977

 

 

$

71,424

 

 

$

188,589

 

 

$

142,022

 

Corporate

 

Net Revenue

 

$

(3,580

)

 

$

(6,411

)

 

$

709

 

 

$

(19,966

)

 

 

Operating Expenses

 

 

15,059

 

 

 

5,015

 

 

 

36,824

 

 

 

2,617

 

 

 

Operating Loss

 

$

(18,639

)

 

$

(11,426

)

 

$

(36,115

)

 

$

(22,583

)

Total

 

Net Revenue

 

$

717,180

 

 

$

534,680

 

 

$

1,340,644

 

 

$

1,032,898

 

 

 

Operating Expenses

 

 

544,679

 

 

 

421,444

 

 

 

1,017,946

 

 

 

821,285

 

 

 

Operating Income

 

$

172,501

 

 

$

113,236

 

 

$

322,698

 

 

$

211,613

 

 

 

 

As Of

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Total Assets

 

 

 

 

 

 

 

 

Financial Advisory

 

$

985,239

 

 

$

907,035

 

Asset Management

 

 

624,973

 

 

 

645,653

 

Corporate

 

 

3,159,550

 

 

 

3,003,820

 

Total

 

$

4,769,762

 

 

$

4,556,508