Segment Information (Tables)

9 Months Ended

Sep. 30, 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						Nine Months Ended
		September 30,						September 30,
		2019			2018			2019			2018
Financial Advisory	Net Revenue	$	305,982		$	310,418		$	973,964		$	1,141,628
	Operating Expenses (a)		307,147			250,651			863,646			893,524
	Operating Income	$	(1,165	)	$	59,767		$	110,318		$	248,104
Asset Management	Net Revenue	$	300,015		$	325,240		$	917,439		$	1,032,111
	Operating Expenses (a)		225,819			211,564			652,188			670,794
	Operating Income	$	74,196		$	113,676		$	265,251		$	361,317
Corporate	Net Revenue	$	(14,929	)	$	(9,177	)	$	(25,971	)	$	(34,622	)
	Operating Expenses (a)		5,729			25,585			75,877			50,350
	Operating Loss	$	(20,658	)	$	(34,762	)	$	(101,848	)	$	(84,972	)
Total	Net Revenue	$	591,068		$	626,481		$	1,865,432		$	2,139,117
	Operating Expenses (a)		538,695			487,800			1,591,711			1,614,668
	Operating Income	$	52,373		$	138,681		$	273,721		$	524,449

(a)  See Note 16 for information regarding business realignment.

	As Of
	September 30, 2019		December 31, 2018
Total Assets
Financial Advisory	$	1,075,851	$	859,306
Asset Management		703,744		728,220
Corporate		3,772,284		3,409,715
Total	$	5,551,879	$	4,997,241