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Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
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,

 

 

 

 

 

2019

 

 

2018

 

Financial Advisory

 

Net Revenue

 

$

338,370

 

 

$

409,121

 

 

 

Operating Expenses

 

 

280,261

 

 

 

324,696

 

 

 

Operating Income

 

$

58,109

 

 

$

84,425

 

Asset Management

 

Net Revenue

 

$

301,833

 

 

$

354,283

 

 

 

Operating Expenses

 

 

207,348

 

 

 

229,669

 

 

 

Operating Income

 

$

94,485

 

 

$

124,614

 

Corporate

 

Net Revenue

 

$

3,471

 

 

$

(8,706

)

 

 

Operating Expenses

 

 

36,402

 

 

 

14,505

 

 

 

Operating Loss

 

$

(32,931

)

 

$

(23,211

)

Total

 

Net Revenue

 

$

643,674

 

 

$

754,698

 

 

 

Operating Expenses

 

 

524,011

 

 

 

568,870

 

 

 

Operating Income

 

$

119,663

 

 

$

185,828

 

 

 

 

As Of

 

 

 

March 31, 2019

 

 

December 31, 2018

 

Total Assets

 

 

 

 

 

 

 

 

Financial Advisory

 

$

1,087,986

 

 

$

859,306

 

Asset Management

 

 

698,694

 

 

 

728,220

 

Corporate

 

 

3,712,797

 

 

 

3,409,715

 

Total

 

$

5,499,477

 

 

$

4,997,241