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Segment Information (Tables)
9 Months Ended
Sep. 30, 2022
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,

 

 

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Financial Advisory

 

Net Revenue

 

$

456,521

 

 

$

384,976

 

 

$

1,254,621

 

 

$

1,155,328

 

 

 

Operating Expenses

 

 

341,578

 

 

 

304,482

 

 

 

956,410

 

 

 

931,612

 

 

 

Operating Income

 

$

114,943

 

 

$

80,494

 

 

$

298,211

 

 

$

223,716

 

Asset Management

 

Net Revenue

 

$

298,797

 

 

$

338,747

 

 

$

926,449

 

 

$

1,051,492

 

 

 

Operating Expenses

 

 

233,614

 

 

 

246,094

 

 

 

707,676

 

 

 

747,511

 

 

 

Operating Income

 

$

65,183

 

 

$

92,653

 

 

$

218,773

 

 

$

303,981

 

Corporate

 

Net Revenue (Loss)

 

$

(28,574

)

 

$

(6,294

)

 

$

(119,888

)

 

$

(6,147

)

 

 

Operating Expenses (Credit)

 

 

(6,590

)

 

 

11,894

 

 

 

(46,612

)

 

 

66,040

 

 

 

Operating Loss

 

$

(21,984

)

 

$

(18,188

)

 

$

(73,276

)

 

$

(72,187

)

Total

 

Net Revenue

 

$

726,744

 

 

$

717,429

 

 

$

2,061,182

 

 

$

2,200,673

 

 

 

Operating Expenses

 

 

568,602

 

 

 

562,470

 

 

 

1,617,474

 

 

 

1,745,163

 

 

 

Operating Income

 

$

158,142

 

 

$

154,959

 

 

$

443,708

 

 

$

455,510

 

 

 

 

As Of

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Total Assets

 

 

 

 

 

 

 

 

Financial Advisory

 

$

1,175,237

 

 

$

1,239,964

 

Asset Management

 

 

912,481

 

 

 

1,128,549

 

Corporate

 

 

4,120,207

 

 

 

4,778,668

 

Total

 

$

6,207,925

 

 

$

7,147,181