Revenues From Contracts With Customers (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Total Revenues Broken Out by Revenues From Contracts With Customers and Other Sources of Revenue

The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenue for the years ended December 31, 2024 and 2023 (in thousands):

	Year Ended December 31,
	2024		2023
Revenues from contracts with customers:
Commissions	$	756,024	$	673,597
Investment banking		994,831		731,255
Asset management		1,536,674		1,299,496
Other		6,447		5,281
Total revenue from contracts with customers		3,293,976		2,709,629
Other sources of revenue:
Interest		2,016,464		1,955,745
Principal transactions		604,564		490,440
Other		36,682		3,466
Total revenues	$	5,951,686	$	5,159,280

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 years ended December 31, 2024 and 2023 (in thousands):

	Year Ended December 31, 2024
	Global Wealth Management		Institutional Group		Other		Total
Major Business Activity:
Commissions	$	508,717	$	247,307	$	—	$	756,024
Capital raising		21,475		395,924		—		417,399
Advisory		—		577,432		—		577,432
Investment banking		21,475		973,356		—		994,831
Asset management		1,536,296		378		—		1,536,674
Other		6,398		—		49		6,447
Total		2,072,886		1,221,041		49		3,293,976
Primary Geographic Region:
United States		2,072,886		1,000,159		49		3,073,094
United Kingdom		—		127,113		—		127,113
Canada		—		40,000		—		40,000
Other		—		53,769		—		53,769
	$	2,072,886	$	1,221,041	$	49	$	3,293,976

	Year Ended December 31, 2023
	Global Wealth Management		Institutional Group		Other		Total
Major Business Activity:
Commissions	$	444,949	$	228,648	$	—	$	673,597
Capital raising		16,680		248,987		—		265,667
Advisory		—		465,588		—		465,588
Investment banking		16,680		714,575		—		731,255
Asset management		1,299,361		135		—		1,299,496
Other		5,079		17		185		5,281
Total		1,766,069		943,375		185		2,709,629
Primary Geographic Region:
United States		1,766,069		741,283		185		2,507,537
United Kingdom		—		107,631		—		107,631
Canada		—		42,263		—		42,263
Other		—		52,198		—		52,198
	$	1,766,069	$	943,375	$	185	$	2,709,629