Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Operating Information, Segment

Information concerning operations in these segments of business for the three and nine months ended September 30, 2022 and 2021 is as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Net revenues: (1)
Global Wealth Management	$	701,820		$	655,533		$	2,081,525		$	1,924,595
Institutional Group		339,408			492,284			1,182,135			1,519,176
Other		3,911			(2,879	)		6,132			(10,908	)
	$	1,045,139		$	1,144,938		$	3,269,792		$	3,432,863
Income/(loss) before income taxes:
Global Wealth Management	$	279,935		$	232,119		$	750,500		$	682,655
Institutional Group		40,000			125,092			209,620			383,774
Other		(114,166	)		(100,709	)		(308,701	)		(318,010	)
	$	205,769		$	256,502		$	651,419		$	748,419

(1)No individual client accounted for more than 10 percent of total net revenues for the three and nine months ended September 30, 2022 and 2021.

Schedule of Information of Total Assets on Segment Basis

The following table presents our company’s total assets on a segment basis at September 30, 2022 and December 31, 2021 (in thousands):

	September 30, 2022		December 31, 2021
Global Wealth Management	$	32,585,498	$	28,219,800
Institutional Group		4,521,231		5,151,841
Other		505,334		678,074
	$	37,612,063	$	34,049,715

Schedule of Net Revenues Earned on Major Geographical Areas

Revenues, classified by the major geographic areas in which they were earned for the three and nine months ended September 30, 2022 and 2021, were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
United States	$	987,770	$	1,067,901	$	3,085,241	$	3,142,337
United Kingdom		40,980		57,413		134,836		177,138
Canada		7,798		9,523		21,182		76,535
Other		8,591		10,101		28,533		36,853
	$	1,045,139	$	1,144,938	$	3,269,792	$	3,432,863