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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities:      
Net income $ 138,573 $ 84,134 $ 1,907
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 30,066 28,267 23,843
Amortization of loans and advances to financial advisors and other employees 57,147 55,923 50,162
Amortization of premium on available-for-sale securities 16,153 12,782 8,552
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 3,457 2,243 123
Amortization of intangible assets 4,896 5,311 5,518
Deferred income taxes 45,519 25,764 (54,213)
Excess tax benefits from stock-based compensation (16,722) (24,863) (17,487)
Stock-based compensation 40,747 26,411 190,731
Gains on investments (45,434) 1,877 (5,431)
Other net (181) 841 3,622
Decrease/(increase) in operating assets:      
Cash segregated for regulatory purposes and restricted cash (125,536) 5,982 (6,004)
Receivables:      
Brokerage clients 72,220 (82,210) (93,765)
Brokers, dealers and clearing organizations (23,588) 18,395 63,132
Securities purchased under agreements to resell (83,240) 48,162 1,237
Loans originated as held for sale (288,657) (43,467) 25,316
Proceeds from mortgages held for sale (1,603,074) (1,060,457) (1,130,528)
Trading securities owned, including those pledged 1,517,458 1,013,515 1,104,317
Loans and advances to financial advisors and other employees (63,948) (46,426) (46,376)
Other assets 8,476 14,842 22,473
Increase/(decrease) in operating liabilities      
Brokerage clients 49,623 33,244 (2,241)
Brokers, dealers and clearing organizations (1,492) (72,495) 13,251
Drafts 14,532 2,653 6,284
Trading securities sold, but not yet purchased 56,652 65,296 (77,230)
Other liabilities and accrued expenses (67,914) (70,310) 54,295
Net cash used in operating activities (264,267) 45,414 141,488
Cash Flows from Investing Activities:      
Maturities, calls, sales, and principal paydowns on available-for-sale securities 530,120 654,958 309,646
Calls on held-to-maturity securities 15,464 9,450  
Sale or maturity of investments 105,077 76,263 105,703
Sale of bank branch     13,905
Sale of other real estate owned 221 929 2,099
Increase in bank loans, net (180,115) (243,592) (55,214)
Payments for:      
Purchase of available-for-sale securities (945,343) (895,391) (747,376)
Purchase of held-to-maturity securities (531,379) (119,960) (45,963)
Purchase of investments (80,887) (119,720) (121,885)
Purchase of fixed assets (18,837) (59,730) (27,736)
Acquisitions (120,180) (18,817) (483)
Net cash used in investing activities (1,225,859) (715,610) (567,304)
Cash Flows from Financing Activities:      
(Repayments of)/ proceeds from short-term borrowings from banks 105,300 89,800 18,800
Proceeds from Senior Note offering 316,380      
Proceeds from issuance of senior notes, net 58,992    
Increase/(decrease) in securities sold under agreements to repurchase 60,170 (29,419) (12,938)
Increase in bank deposits, net 1,274,395 448,170 593,977
Increase in securities loaned (105,208) 97,537 11,158
Excess tax benefits from stock-based compensation 16,722 24,863 17,487
Issuance of common stock 41   865
Repurchase of common stock (11,380) (48,505) (91,769)
Reissuance of treasury stock 11,562 3,983 5,045
Extinguishment of senior notes     (23,000)
Repayments of Federal Home Loan Bank advances     (2,000)
Extinguishment of subordinated debt (1,639) (1,284) (1,840)
Net cash provided by financing activities 1,725,335 585,145 515,785
Effect of exchange rate changes on cash 1,061 (807) 1,740
Decrease in cash and cash equivalents 236,270 (85,858) 91,709
Cash and cash equivalents at beginning of period 167,671 253,529 161,820
Cash and cash equivalents at end of period 403,941 167,671 253,529
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net of refunds 4,630 5,547 54,984
Cash paid for interest   25,209 13,104
Noncash investing and financing activities:      
Units, net of forfeitures 145,563 138,203 157,546
Issuance of common stock for acquisitions $ 21,750 $ 6,100 $ 271,285