Revenues from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2022 and 2021 (in thousands):

	Three Months Ended September 30,
	2022			2021
Revenues from contracts with customers:
Commissions	$	159,054		$	189,239
Investment banking		221,858			372,279
Asset management		300,557			313,862
Interest		12,510			6,624
Other		1,055			5,092
Total revenue from contracts with customers		695,034			887,096
Other sources of revenue:
Interest		291,685			135,220
Principal transactions		118,379			118,977
Other		(203	)		13,668
Total revenues	$	1,104,895		$	1,154,961

	Nine Months Ended September 30,
	2022		2021
Revenues from contracts with customers:
Commissions	$	541,644	$	598,432
Investment banking		747,779		1,088,010
Asset management		973,457		887,878
Interest		28,154		19,001
Other		4,763		30,331
Total revenue from contracts with customers		2,295,797		2,623,652
Other sources of revenue:
Interest		654,230		383,974
Principal transactions		403,252		436,580
Other		3,060		27,298
Total revenues	$	3,356,339	$	3,471,504

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 and nine months ended September 30, 2022 and 2021 (in thousands):

	Three Months Ended September 30, 2022 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major Business Activity:
Commissions	$	108,214	$	50,840	$	—	$	159,054
Capital raising		4,498		50,624		—		55,122
Advisory		—		166,736		—		166,736
Investment banking		4,498		217,360		—		221,858
Asset management		300,540		17		—		300,557
Interest		12,319		191		—		12,510
Other		979		—		76		1,055
Total		426,550		268,408		76		695,034
Primary Geographic Region:
United States		426,550		223,842		76		650,468
United Kingdom		—		29,987		—		29,987
Canada		—		7,982		—		7,982
Other		—		6,597		—		6,597
	$	426,550	$	268,408	$	76	$	695,034

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

	Three Months Ended September 30, 2021 (1)
	Global Wealth Management		Institutional Group		Other			Total
Major Business Activity:
Commissions	$	133,998	$	55,241	$	—		$	189,239
Capital raising		11,580		152,481		—			164,061
Advisory		—		208,218		—			208,218
Investment banking		11,580		360,699		—			372,279
Asset management		313,838		24		—			313,862
Interest		6,576		48		—			6,624
Other		5,206		—		(114	)		5,092
Total		471,198		416,012		(114	)		887,096
Primary Geographic Region:
United States		471,198		339,974		(114	)		811,058
United Kingdom		—		45,824		—			45,824
Canada		—		21,350		—			21,350
Other		—		8,864		—			8,864
	$	471,198	$	416,012	$	(114	)	$	887,096

	Nine Months Ended September 30, 2022 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	360,994	$	180,650	$	—	$	541,644
Capital raising		14,701		185,390		—		200,091
Advisory		—		547,688		—		547,688
Investment banking		14,701		733,078		—		747,779
Asset management		973,396		61		—		973,457
Interest		27,783		371		—		28,154
Other		4,573		—		190		4,763
Total		1,381,447		914,160		190		2,295,797
Primary Geographic Region:
United States		1,381,447		764,004		190		2,145,641
United Kingdom		—		101,342		—		101,342
Canada		—		25,184		—		25,184
Other		—		23,630		—		23,630
	$	1,381,447	$	914,160	$	190	$	2,295,797

	Nine Months Ended September 30, 2021 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	421,156	$	177,276	$	—	$	598,432
Capital raising		37,027		505,618		—		542,645
Advisory		—		545,365		—		545,365
Investment banking		37,027		1,050,983		—		1,088,010
Asset management		887,794		84		—		887,878
Interest		18,878		123		—		19,001
Other		28,552		—		1,779		30,331
Total		1,393,407		1,228,466		1,779		2,623,652
Primary Geographic Region:
United States		1,393,407		1,064,357		1,779		2,459,543
United Kingdom		—		91,215		—		91,215
Canada		—		51,129		—		51,129
Other		—		21,765		—		21,765
	$	1,393,407	$	1,228,466	$	1,779	$	2,623,652

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