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Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
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,

 

 

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Financial Advisory

 

Net Revenue

 

$

451,940

 

 

$

304,806

 

 

$

770,352

 

 

$

603,772

 

 

 

Operating Expenses

 

 

369,083

 

 

 

251,015

 

 

 

627,130

 

 

 

497,862

 

 

 

Operating Income

 

$

82,857

 

 

$

53,791

 

 

$

143,222

 

 

$

105,910

 

Asset Management

 

Net Revenue

 

$

365,255

 

 

$

254,849

 

 

$

712,745

 

 

$

537,370

 

 

 

Operating Expenses

 

 

269,314

 

 

 

195,049

 

 

 

501,417

 

 

 

399,818

 

 

 

Operating Income

 

$

95,941

 

 

$

59,800

 

 

$

211,328

 

 

$

137,552

 

Corporate

 

Net Revenue

 

$

5,942

 

 

$

12,637

 

 

$

147

 

 

$

(30,836

)

 

 

Operating Expenses

 

 

18,479

 

 

 

30,363

 

 

 

54,146

 

 

 

32,664

 

 

 

Operating Loss

 

$

(12,537

)

 

$

(17,726

)

 

$

(53,999

)

 

$

(63,500

)

Total

 

Net Revenue

 

$

823,137

 

 

$

572,292

 

 

$

1,483,244

 

 

$

1,110,306

 

 

 

Operating Expenses

 

 

656,876

 

 

 

476,427

 

 

 

1,182,693

 

 

 

930,344

 

 

 

Operating Income

 

$

166,261

 

 

$

95,865

 

 

$

300,551

 

 

$

179,962

 

 

 

 

As Of

 

 

 

June 30, 2021

 

 

December 31, 2020

 

Total Assets

 

 

 

 

 

 

 

 

Financial Advisory

 

$

1,196,078

 

 

$

1,181,783

 

Asset Management

 

 

958,946

 

 

 

958,588

 

Corporate

 

 

4,251,776

 

 

 

3,831,490

 

Total

 

$

6,406,800

 

 

$

5,971,861