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Fair Value Of Financial Instruments (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned $ 1,169,008 $ 918,741
Available-for-sale securities 1,584,598 [1] 1,551,686
Financial instruments sold, but not yet purchased, at fair value 646,271 497,741
U.S. Government Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities [1] 2,266  
Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities [1] 463,992  
State and Municipal Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities [1] 2,349  
Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 921,563 [1] 746,170
Agency Mortgage-Backed Securities [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 67,956 [1] 66,671
Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 199 [1] 261
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 1,584,598 1,551,686
Investments 75,358 91,105
Derivative contracts, Assets 110,814 [2] 118,668 [3]
Cash equivalents measured at NAV 1,932 4,706
Total Assets 2,941,710 2,684,906
Financial instruments sold, but not yet purchased, at fair value 646,271 497,741
Derivative contracts, Liabilities 110,825 [4] 118,651 [5]
Total Liabilities 757,096 616,392
Fair Value, Recurring [Member] | U.S. Government Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 20,045 32,411
Financial instruments sold, but not yet purchased, at fair value 370,373 273,653
Fair Value, Recurring [Member] | U.S. Government Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 149,479 106,634
Available-for-sale securities 2,266 2,219
Financial instruments sold, but not yet purchased, at fair value   4,924
Fair Value, Recurring [Member] | Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 113,033 19,604
Available-for-sale securities 126,273 177,853
Fair Value, Recurring [Member] | Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 274,207 237,671
Available-for-sale securities 463,992 556,161
Financial instruments sold, but not yet purchased, at fair value 174,425 138,359
Fair Value, Recurring [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 50,787 52,520
Investments 30,227 22,406
Financial instruments sold, but not yet purchased, at fair value 34,437 21,576
Fair Value, Recurring [Member] | State and Municipal Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 229,342 223,155
Available-for-sale securities 2,349 2,351
Fair Value, Recurring [Member] | Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 558 783
Fair Value, Recurring [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 14,378 [6] 39,655 [7]
Fair Value, Recurring [Member] | Investments in Funds and Partnerships Measured at NAV [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 30,195 28,261
Fair Value, Recurring [Member] | Assets At Fair Value On Recurring Basis Before Cash Equivalents Measured at NAV [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 2,939,778 2,680,200
Fair Value, Recurring [Member] | Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 262,629 159,903
Available-for-sale securities 921,563 746,170
Financial instruments sold, but not yet purchased, at fair value 65,946 52,664
Fair Value, Recurring [Member] | Agency Mortgage-Backed Securities [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 67,956 66,671
Fair Value, Recurring [Member] | Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 199 261
Sovereign Debt [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,169,008 918,741
Other [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 69,486 [8] 86,843 [9]
Financial instruments sold, but not yet purchased, at fair value 1,090 [10] 6,565 [11]
Level 1 [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 14,691 10,386
Total Assets 85,715 95,165
Financial instruments sold, but not yet purchased, at fair value 404,810 295,229
Total Liabilities 404,810 295,229
Level 1 [Member] | Fair Value, Recurring [Member] | U.S. Government Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 20,045 32,411
Financial instruments sold, but not yet purchased, at fair value 370,373 273,653
Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 507 210
Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 50,472 52,158
Investments 14,661 10,313
Financial instruments sold, but not yet purchased, at fair value 34,437 21,576
Level 1 [Member] | Fair Value, Recurring [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 30 [6] 73 [7]
Level 1 [Member] | Sovereign Debt [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 71,024 84,779
Level 2 [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 1,584,598 1,551,686
Investments 1 330
Derivative contracts, Assets 110,814 [2] 118,668 [3]
Total Assets 2,733,896 2,420,184
Financial instruments sold, but not yet purchased, at fair value 240,371 198,676
Derivative contracts, Liabilities 110,825 [4] 118,651 [5]
Total Liabilities 351,196 317,327
Level 2 [Member] | Fair Value, Recurring [Member] | U.S. Government Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 149,479 106,634
Available-for-sale securities 2,266 2,219
Financial instruments sold, but not yet purchased, at fair value   4,924
Level 2 [Member] | Fair Value, Recurring [Member] | Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 111,999 18,106
Available-for-sale securities 126,273 177,853
Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 273,700 237,461
Available-for-sale securities 463,992 556,161
Financial instruments sold, but not yet purchased, at fair value 174,425 138,359
Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 315 362
Investments 1 215
Level 2 [Member] | Fair Value, Recurring [Member] | State and Municipal Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 229,342 223,155
Available-for-sale securities 2,349 2,351
Level 2 [Member] | Fair Value, Recurring [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments [7]   115
Level 2 [Member] | Fair Value, Recurring [Member] | Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 262,629 159,903
Available-for-sale securities 921,563 746,170
Financial instruments sold, but not yet purchased, at fair value 65,946 52,664
Level 2 [Member] | Fair Value, Recurring [Member] | Agency Mortgage-Backed Securities [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 67,956 66,671
Level 2 [Member] | Fair Value, Recurring [Member] | Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 199 261
Level 2 [Member] | Sovereign Debt [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,038,483 749,500
Level 2 [Member] | Other [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 11,019 [8] 3,879 [9]
Financial instruments sold, but not yet purchased, at fair value [10]   2,729
Level 3 [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 30,471 52,128
Total Assets 89,972 136,590
Financial instruments sold, but not yet purchased, at fair value 1,090 3,836
Total Liabilities 1,090 3,836
Level 3 [Member] | Fair Value, Recurring [Member] | Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,034 1,498
Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 15,565 11,878
Level 3 [Member] | Fair Value, Recurring [Member] | Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 558 783
Level 3 [Member] | Fair Value, Recurring [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 14,348 [6] 39,467 [7]
Level 3 [Member] | Sovereign Debt [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 59,501 84,462
Level 3 [Member] | Other [Member] | Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 58,467 [8] 82,964 [9]
Financial instruments sold, but not yet purchased, at fair value [10] $ 1,090 $ 3,836
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2] Included in other assets in the consolidated statements of financial condition.
[3] Included in other assets in the consolidated statements of financial condition.
[4] Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
[5] Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
[6] Primarily includes private company investments.
[7] Primarily includes private company investments.
[8] Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt.
[9] Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt.
[10] Includes syndicated loans.
[11] Includes syndicated loans, state and municipal securities, and asset-backed securities.