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Segment Operating Results (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Information Regarding Operations By Segment
The following information presents each segment's contribution.
 For the Three Months Ended June 30, For the Six Months Ended June 30,
 2024202320242023
Investment Banking & Equities
Net Revenues(1)
$670,010 $482,246 $1,231,738 $1,037,057 
Operating Expenses566,368 428,344 1,049,206 877,424 
Other Expenses— — — 2,921 
Operating Income103,642 53,902 182,532 156,712 
Income from Equity Method Investments147 143 835 214 
Pre-Tax Income $103,789 $54,045 $183,367 $156,926 
Identifiable Segment Assets$3,176,797 $2,900,384 $3,176,797 $2,900,384 
Investment Management
Net Revenues(1)
$19,214 $17,173 $38,301 $34,505 
Operating Expenses14,613 13,359 28,470 26,597 
Operating Income4,601 3,814 9,831 7,908 
Income from Equity Method Investments1,710 1,399 3,347 2,796 
Pre-Tax Income$6,311 $5,213 $13,178 $10,704 
Identifiable Segment Assets$139,201 $151,060 $139,201 $151,060 
Total
Net Revenues(1)
$689,224 $499,419 $1,270,039 $1,071,562 
Operating Expenses580,981 441,703 1,077,676 904,021 
Other Expenses— — — 2,921 
Operating Income108,243 57,716 192,363 164,620 
Income from Equity Method Investments1,857 1,542 4,182 3,010 
Pre-Tax Income$110,100 $59,258 $196,545 $167,630 
Identifiable Segment Assets$3,315,998 $3,051,444 $3,315,998 $3,051,444 
(1)Net Revenues include Other Revenue, net, allocated to the segments as follows:
 For the Three Months Ended June 30, For the Six Months Ended June 30,
 2024202320242023
Investment Banking & Equities(A)
$17,581 $19,442 $45,698 $40,743 
Investment Management14 598 402 1,972 
Total Other Revenue, net$17,595 $20,040 $46,100 $42,715 
(A)Other Revenue, net, from the Investment Banking & Equities segment includes interest expense on the Notes Payable and lines of credit of $4,189 and $8,377 for the three and six months ended June 30, 2024, respectively, and $4,181 and $8,352 for the three and six months ended June 30, 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 June 30, For the Six Months Ended June 30,
 2024202320242023
Net Revenues:(1)
United States$534,510 $344,238 $989,746 $739,426 
Europe and Other136,755 127,545 233,683 280,072 
Latin America364 7,596 510 9,349 
Total$671,629 $479,379 $1,223,939 $1,028,847 
(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:
June 30, 2024December 31, 2023
Total Assets:
United States$2,888,834 $3,146,756 
Europe and Other427,164 556,542 
Total$3,315,998 $3,703,298