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Revenues from Contracts with Customers (Tables)
3 Months Ended
Mar. 31, 2019
Revenue From Contract With Customer [Abstract]  
Schedule of Total Revenues Broken Out by Revenues from Contracts with Customers and Other Sources of Revenues

The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenues for the three months ended March 31, 2019 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Revenues from contracts with customers:

 

 

 

 

 

 

 

 

Commissions

 

$

155,449

 

 

$

165,775

 

Investment banking

 

 

161,840

 

 

 

176,362

 

Asset management and service fees

 

 

195,267

 

 

 

195,801

 

Other

 

 

3,782

 

 

 

3,718

 

Total revenue from contracts with customers

 

 

516,338

 

 

 

541,656

 

Other sources of revenue:

 

 

 

 

 

 

 

 

Interest

 

 

191,071

 

 

 

137,734

 

Principal transactions

 

 

104,032

 

 

 

97,782

 

Other

 

 

8,427

 

 

 

(361

)

Total revenues

 

$

819,868

 

 

$

776,811

 

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 disaggregated by major business activity and primary geographic regions for the three months ended March 31, 2019 and 2018 (in thousands):

 

 

 

Three Months Ended March 31, 2019

 

 

 

Global Wealth Management

 

 

Institutional Group

 

 

Other

 

 

Total

 

Major business activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

109,927

 

 

$

45,522

 

 

$

 

 

$

155,449

 

Capital raising (1)

 

 

8,223

 

 

 

48,722

 

 

 

 

 

 

56,945

 

Advisory fees (1)

 

 

 

 

 

104,895

 

 

 

 

 

 

104,895

 

Investment banking

 

 

8,223

 

 

 

153,617

 

 

 

 

 

 

161,840

 

Asset management

 

 

195,253

 

 

 

14

 

 

 

 

 

 

195,267

 

Other

 

 

2,455

 

 

 

 

 

 

1,327

 

 

 

3,782

 

Total

 

 

315,858

 

 

 

199,153

 

 

 

1,327

 

 

 

516,338

 

Primary Geographic Region:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

315,858

 

 

 

176,740

 

 

 

1,327

 

 

 

493,925

 

United Kingdom

 

 

 

 

 

21,103

 

 

 

 

 

 

21,103

 

Other

 

 

 

 

 

1,310

 

 

 

 

 

 

1,310

 

 

 

$

315,858

 

 

$

199,153

 

 

$

1,327

 

 

$

516,338

 

 

 

 

Three Months Ended March 31, 2018

 

 

 

Global Wealth Management

 

 

Institutional Group

 

 

Other

 

 

Total

 

Major business activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

119,205

 

 

$

46,570

 

 

$

 

 

$

165,775

 

Capital raising (1)

 

 

7,688

 

 

 

71,001

 

 

 

 

 

 

78,689

 

Advisory fees (1)

 

 

 

 

 

97,673

 

 

 

 

 

 

97,673

 

Investment banking

 

 

7,688

 

 

 

168,674

 

 

 

 

 

 

176,362

 

Asset management

 

 

195,789

 

 

 

12

 

 

 

 

 

 

195,801

 

Other

 

 

2,686

 

 

 

 

 

 

1,032

 

 

 

3,718

 

Total

 

 

325,368

 

 

 

215,256

 

 

 

1,032

 

 

 

541,656

 

Primary Geographic Region:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

325,368

 

 

 

176,350

 

 

 

1,032

 

 

 

502,750

 

United Kingdom

 

 

 

 

 

37,879

 

 

 

 

 

 

37,879

 

Other

 

 

 

 

 

1,027

 

 

 

 

 

 

1,027

 

 

 

$

325,368

 

 

$

215,256

 

 

$

1,032

 

 

$

541,656

 

(1) Excludes revenues not derived from contracts with customers included in the Other segment.