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Furniture, Equipment and Leasehold Improvements
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Furniture, Equipment and Leasehold Improvements Furniture, Equipment and Leasehold Improvements
Furniture, Equipment and Leasehold Improvements consisted of the following as of December 31, 2025 and 2024:
December 31,
20252024
Furniture and Equipment$97,521 $83,483 
Leasehold Improvements212,598 168,485 
Computer and Technology-related 50,217 44,243 
Total360,336 296,211 
Less: Accumulated Depreciation and Amortization(170,272)(151,455)
Furniture, Equipment and Leasehold Improvements, Net$190,064 $144,756 
Depreciation and amortization expense for Furniture, Equipment and Leasehold Improvements totaled $28,897, $24,468 and $24,348 for the years ended December 31, 2025, 2024 and 2023, respectively.
Other Assets on the Consolidated Statements of Financial Condition includes capitalized costs associated with cloud computing arrangements of $20,520 and $18,087 as of December 31, 2025 and 2024, respectively. Amortization expense for capitalized costs associated with cloud computing arrangements was $5,330, $3,169 and $2,631 for the years ended December 31, 2025, 2024 and 2023, respectively, included within Technology and Information Services on the Consolidated Statements of Operations.