Revenues From Contracts With Customers (Tables)

12 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

Schedule of Total Revenues Separated between Revenues from Contracts with Customers and Other Sources of Revenues

The following table presents the Company’s total revenues separated between revenues from contracts with customers and other sources of revenues for the years ended December 31, 2019 and 2018 (in thousands):

	Year Ended December 31,
	2019		2018
Revenues from contracts with customers:
Commissions	$	667,494	$	657,732
Investment banking		817,421		707,670
Asset management and service fees		848,035		806,175
Other		19,287		15,568
Total revenue from contracts with customers		2,352,237		2,187,145
Other sources of revenue:
Interest		724,882		646,449
Principal transactions		404,751		351,378
Other		33,091		9,985
Total revenues	$	3,514,961	$	3,194,957

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 by reportable segment disaggregated by major business activity and primary geographic regions for the years ended December 31, 2019 and 2018 (in thousands):

	Year Ended December 31, 2019
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	477,401	$	190,093	$	—	$	667,494
Capital raising (1)		37,915		331,527		—		369,442
Advisory fees (1)		—		447,979		—		447,979
Investment banking		37,915		779,506		—		817,421
Asset management		847,977		58		—		848,035
Other		16,437		—		2,850		19,287
Total		1,379,730		969,657		2,850		2,352,237
Primary Geographic Region:
United States		1,379,730		822,758		2,850		2,205,338
United Kingdom		—		135,529		—		135,529
Other		—		11,370		—		11,370
	$	1,379,730	$	969,657	$	2,850	$	2,352,237

	Year Ended December 31, 2018
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	472,135	$	185,597	$	—	$	657,732
Capital raising (1)		31,293		304,895		—		336,188
Advisory fees (1)		81		371,401		—		371,482
Investment banking		31,374		676,296		—		707,670
Asset management		806,132		43		—		806,175
Other		11,625		—		3,943		15,568
Total		1,321,266		861,936		3,943		2,187,145
Primary Geographic Region:
United States		1,321,266		725,251		3,943		2,050,460
United Kingdom		—		130,979		—		130,979
Other		—		5,706		—		5,706
	$	1,321,266	$	861,936	$	3,943	$	2,187,145

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