Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule Of Operating Information, Segment

Information on reportable segments and reconciliation to consolidated net income available to common shareholders for the three months ended March 31, 2025 and 2024 is as follows (in thousands):

	Three Months Ended March 31,
	2025			2024
Global Wealth Management
Net revenues	$	850,559		$	790,500
Compensation and benefits		422,293			389,536
Non-compensation operating expenses		301,861			110,216
Income before income taxes	$	126,405		$	290,748
Institutional Group
Net revenues		384,929			351,376
Compensation and benefits		252,585			215,749
Non-compensation operating expenses		104,913			98,518
Income before income taxes	$	27,431		$	37,109
Other
Net revenues		19,981			21,162
Compensation and benefits		57,342			74,410
Non-compensation operating expenses		53,111			55,918
Loss before income taxes	$	(90,472	)	$	(109,166	)
Consolidated
Net revenues (1)	$	1,255,469		$	1,163,038
Compensation and benefits		732,220			679,695
Non-compensation operating expenses		459,885			264,652
Income from operations before income tax expense	$	63,364		$	218,691

(1)No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2025 and 2024.

Schedule Of Information Of Total Assets On Segment Basis

The following table presents our company’s total assets on a segment basis at March 31, 2025 and December 31, 2024 (in thousands):

	March 31, 2025		December 31, 2024
Global Wealth Management	$	35,160,531	$	34,894,973
Institutional Group		5,024,010		4,788,640
Other		199,186		211,927
	$	40,383,727	$	39,895,540

Schedule Of Net Revenues Earned On Major Geographical Areas

Net revenues, classified by the major geographic areas in which they were earned for the three months ended March 31, 2025 and 2024, were as follows (in thousands):

	Three Months Ended March 31,
	2025		2024
United States	$	1,181,460	$	1,101,004
United Kingdom		48,244		37,525
Canada		16,479		11,620
Other		9,286		12,889
	$	1,255,469	$	1,163,038