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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company’s reportable segments offer different products and services and are managed separately, as different levels and types of expertise are required to effectively manage the segments’ transactions. Each segment is reviewed to determine the allocation of resources and to assess its performance. The Company’s principal operating activities are included in its Financial Advisory and Asset Management business segments as described in Note 1. In addition, as described in Note 1, the Company records selected other activities in its Corporate segment.
The Company’s segment information for the three month and nine month periods ended September 30, 2024 and 2023 is prepared using the following methodology:
•Revenue and expenses directly associated with each segment are included in determining operating income.
•Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including revenue, headcount, square footage and other factors.
•Segment assets are based on those directly associated with each segment, and include an allocation of certain assets relating to various segments, based on the most relevant measures applicable, including headcount, square footage and other factors.
The Company records other revenue, interest income and interest expense among the various segments based on the segment in which the underlying asset or liability is reported.
Each segment’s operating expenses include (i) compensation and benefits expenses incurred directly in support of the businesses and (ii) other operating expenses, which include directly incurred expenses for occupancy and equipment, marketing and business development, technology and information services, professional services, fund administration and outsourced services and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, human resources, legal, information technology, facilities management and senior management activities.
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
September 30,		Nine Months Ended
September 30,
2024202320242023
Financial AdvisoryNet Revenue$370,917 $266,048 $1,235,732 $896,099 
Operating Expenses333,961 295,609 1,132,793 1,063,789 
Operating Income (Loss)$36,956 $(29,561)$102,939 $(167,690)
Asset ManagementNet Revenue$293,878 $284,855 $874,841 $857,212 
Operating Expenses251,981 232,011 749,066 749,281 
Operating Income$41,897 $52,844 $125,775 $107,931 
CorporateNet Revenue (Loss)$120,071 $(26,985)$124,395 $(43,843)
Operating Expenses 37,737 1,155 73,721 48,252 
Operating Income (Loss)$82,334 $(28,140)$50,674 $(92,095)
TotalNet Revenue$784,866 $523,918 $2,234,968 $1,709,468 
Operating Expenses623,679 528,775 1,955,580 1,861,322 
Operating Income (Loss)$161,187 $(4,857)$279,388 $(151,854)
As Of
September 30, 2024December 31, 2023
Total Assets
Financial Advisory$1,169,828 $1,154,483 
Asset Management1,117,161 1,232,364 
Corporate2,533,015 2,248,934 
Total$4,820,004 $4,635,781