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Revenues from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Schedule of Total Revenues Broken Out by Revenues from Contracts with Customers and Other Sources of Revenues

The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenue for the three months ended March 31, 2022 and 2021 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Revenues from contracts with customers:

 

 

 

 

 

 

Commissions

 

$

195,909

 

 

$

213,614

 

Investment banking

 

 

254,846

 

 

 

339,288

 

Asset management

 

 

341,636

 

 

 

278,147

 

Interest

 

 

6,912

 

 

 

6,091

 

Other

 

 

2,175

 

 

 

16,882

 

Total revenue from contracts with customers

 

 

801,478

 

 

 

854,022

 

Other sources of revenue:

 

 

 

 

 

 

Interest

 

 

158,523

 

 

 

121,449

 

Principal transactions

 

 

159,270

 

 

 

165,006

 

Other

 

 

6,713

 

 

 

8,752

 

Total revenues

 

$

1,125,984

 

 

$

1,149,229

 

Revenues from Contracts with Customers Disaggregated by Major Business Activity and Primary Geographic Regions

The following tables present the Company’s revenues from contracts with customers by reportable segment disaggregated by major business activity and primary geographic regions for the three months ended March 31, 2022 and 2021 (in thousands):

 

 

Three Months Ended March 31, 2022 (1)

 

 

 

Global Wealth Management

 

 

Institutional Group

 

 

Other

 

 

Total

 

Major Business Activity:

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

130,776

 

 

$

65,133

 

 

$

 

 

$

195,909

 

Capital raising

 

 

5,147

 

 

 

68,303

 

 

 

 

 

 

73,450

 

Advisory

 

 

 

 

 

181,396

 

 

 

 

 

 

181,396

 

Investment banking

 

 

5,147

 

 

 

249,699

 

 

 

 

 

 

254,846

 

Asset management

 

 

341,613

 

 

 

23

 

 

 

 

 

 

341,636

 

Interest

 

 

6,864

 

 

 

48

 

 

 

 

 

 

6,912

 

Other

 

 

2,122

 

 

 

 

 

 

53

 

 

 

2,175

 

Total

 

 

486,522

 

 

 

314,903

 

 

 

53

 

 

 

801,478

 

Primary Geographic Region:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

486,522

 

 

 

262,597

 

 

 

53

 

 

 

749,172

 

United Kingdom

 

 

 

 

 

34,308

 

 

 

 

 

 

34,308

 

Canada

 

 

 

 

 

9,378

 

 

 

 

 

 

9,378

 

Other

 

 

 

 

 

8,620

 

 

 

 

 

 

8,620

 

 

 

$

486,522

 

 

$

314,903

 

 

$

53

 

 

$

801,478

 

 

 

 

Three Months Ended March 31, 2021 (1)

 

 

 

Global Wealth Management

 

 

Institutional Group

 

 

Other

 

 

Total

 

Major Business Activity:

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

147,505

 

 

$

66,109

 

 

$

 

 

$

213,614

 

Capital raising

 

 

13,549

 

 

 

195,257

 

 

 

 

 

 

208,806

 

Advisory

 

 

 

 

 

130,482

 

 

 

 

 

 

130,482

 

Investment banking

 

 

13,549

 

 

 

325,739

 

 

 

 

 

 

339,288

 

Asset management

 

 

278,109

 

 

 

38

 

 

 

 

 

 

278,147

 

Interest

 

 

6,056

 

 

 

35

 

 

 

 

 

 

6,091

 

Other

 

 

14,924

 

 

 

 

 

 

1,958

 

 

 

16,882

 

Total

 

 

460,143

 

 

 

391,921

 

 

 

1,958

 

 

 

854,022

 

Primary Geographic Region:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

460,143

 

 

 

303,850

 

 

 

1,958

 

 

 

765,951

 

United Kingdom

 

 

 

 

 

45,391

 

 

 

 

 

 

45,391

 

Canada

 

 

 

 

 

29,779

 

 

 

 

 

 

29,779

 

Other

 

 

 

 

 

12,901

 

 

 

 

 

 

12,901

 

 

 

$

460,143

 

 

$

391,921

 

 

$

1,958

 

 

$

854,022

 

(1) Excludes revenues not derived from contracts with customers included in the Other segment.