Segment Operating Results (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment's contribution.

	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities
Net Revenues(1)	$	561,728	$	554,811
Operating Expenses	482,838		449,080
Other Expenses	—		2,921
Operating Income	78,890		102,810
Income from Equity Method Investments	688		71
Pre-Tax Income	$	79,578	$	102,881
Identifiable Segment Assets	$	2,879,890	$	2,608,350
Investment Management
Net Revenues(1)	$	19,087	$	17,332
Operating Expenses	13,857		13,238
Operating Income	5,230		4,094
Income from Equity Method Investments	1,637		1,397
Pre-Tax Income	$	6,867	$	5,491
Identifiable Segment Assets	$	126,098	$	142,122
Total
Net Revenues(1)	$	580,815	$	572,143
Operating Expenses	496,695		462,318
Other Expenses	—		2,921
Operating Income	84,120		106,904
Income from Equity Method Investments	2,325		1,468
Pre-Tax Income	$	86,445	$	108,372
Identifiable Segment Assets	$	3,005,988	$	2,750,472

(1)Net Revenues include Other Revenue, net, allocated to the segments as follows:

	For the Three Months Ended March 31,
	2024		2023
Investment Banking & Equities(A)	$	28,117	$	21,301
Investment Management	388		1,374
Total Other Revenue, net	$	28,505	$	22,675

(A)Other Revenue, net, from the Investment Banking & Equities segment includes interest expense on the Notes Payable and lines of credit of $4,188 and $4,171 for the three months ended March 31, 2024 and 2023, respectively.

Revenues Derived from Clients by Geographical Areas

The Company's revenues were derived from clients located and managed in the following geographical areas:

	For the Three Months Ended March 31,
	2024		2023
Net Revenues:(1)
United States	$	455,236	$	395,188
Europe and Other	96,928		152,527
Latin America	146		1,753
Total	$	552,310	$	549,468

(1)Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

Assets by Geographic Areas

The Company's total assets are located in the following geographical areas:

	March 31, 2024		December 31, 2023
Total Assets:
United States	$	2,593,982	$	3,146,756
Europe and Other	412,006		556,542
Total	$	3,005,988	$	3,703,298