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Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
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

 

 

 

 

 

March 31,

 

 

 

 

 

2018

 

 

2017

 

Financial Advisory

 

Net Revenue

 

$

409,121

 

 

$

335,812

 

 

 

Operating Expenses

 

 

324,696

 

 

 

262,751

 

 

 

Operating Income

 

$

84,425

 

 

$

73,061

 

Asset Management

 

Net Revenue

 

$

354,283

 

 

$

283,363

 

 

 

Operating Expenses

 

 

229,669

 

 

 

188,751

 

 

 

Operating Income

 

$

124,614

 

 

$

94,612

 

Corporate

 

Net Revenue

 

$

(8,706

)

 

$

4,289

 

 

 

Operating Expenses

 

 

14,505

 

 

 

21,765

 

 

 

Operating Loss

 

$

(23,211

)

 

$

(17,476

)

Total

 

Net Revenue

 

$

754,698

 

 

$

623,464

 

 

 

Operating Expenses

 

 

568,870

 

 

 

473,267

 

 

 

Operating Income

 

$

185,828

 

 

$

150,197

 

 

 

 

As Of

 

 

 

March 31, 2018

 

 

December 31, 2017

 

Total Assets

 

 

 

 

 

 

 

 

Financial Advisory

 

$

866,734

 

 

$

843,142

 

Asset Management

 

 

686,724

 

 

 

756,398

 

Corporate

 

 

2,931,637

 

 

 

3,329,137

 

Total

 

$

4,485,095

 

 

$

4,928,677