Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2025 and 2024 is as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Global Wealth Management
Net revenues	$	845,631		$	801,135		$	1,696,190		$	1,591,635
Compensation and benefits		420,240			392,941			842,533			782,477
Non-compensation operating expenses		119,335			109,021			421,196			219,237
Income before income taxes	$	306,056		$	299,173		$	432,461		$	589,921
Institutional Group
Net revenues		419,779			390,721			804,708			742,097
Compensation and benefits		257,697			239,036			510,282			454,785
Non-compensation operating expenses		101,042			102,872			205,955			201,390
Income before income taxes	$	61,040		$	48,813		$	88,471		$	85,922
Other
Net revenues		18,876			26,076			38,857			47,238
Compensation and benefits		96,999			90,742			154,341			165,152
Non-compensation operating expenses		75,153			56,426			128,264			112,344
Loss before income taxes	$	(153,276	)	$	(121,092	)	$	(243,748	)	$	(230,258	)
Consolidated
Net revenues (1)	$	1,284,286		$	1,217,932		$	2,539,755		$	2,380,970
Compensation and benefits		774,936			722,719			1,507,156			1,402,414
Non-compensation operating expenses		295,530			268,319			755,415			532,971
Income from operations before income tax expense	$	213,820		$	226,894		$	277,184		$	445,585

(1)No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 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 June 30, 2025 and December 31, 2024 (in thousands):

	June 30, 2025		December 31, 2024
Global Wealth Management	$	34,532,041	$	34,894,973
Institutional Group		5,127,202		4,788,640
Other		200,410		211,927
	$	39,859,653	$	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 and six months ended June 30, 2025 and 2024, were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
United States	$	1,224,193	$	1,147,168	$	2,405,653	$	2,248,172
United Kingdom		41,336		42,698		89,580		80,223
Canada		9,091		10,610		25,570		22,230
Other		9,666		17,456		18,952		30,345
	$	1,284,286	$	1,217,932	$	2,539,755	$	2,380,970