Revenues from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2020

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 and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended June 30,
	2020		2019
Revenues from contracts with customers:
Commissions	$	177,028	$	164,981
Investment banking		217,035		179,617
Asset management and service fees		198,939		211,171
Other		12,312		3,748
Total revenue from contracts with customers		605,314		559,517
Other sources of revenue:
Interest		128,368		187,940
Principal transactions		166,017		96,464
Other		9,202		9,757
Total revenues	$	908,901	$	853,678

	Six Months Ended June 30,
	2020		2019
Revenues from contracts with customers:
Commissions	$	388,126	$	320,430
Investment banking		396,503		341,457
Asset management and service fees		436,714		406,438
Other		17,079		7,530
Total revenue from contracts with customers		1,238,422		1,075,855
Other sources of revenue:
Interest		289,545		379,011
Principal transactions		304,683		200,496
Other		13,642		18,184
Total revenues	$	1,846,292	$	1,673,546

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 three and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended June 30, 2020 (1)
	Global Wealth Management		Institutional Group		Other			Total
Major business activity:
Commissions (1)	$	116,156	$	60,875	$	(3	)	$	177,028
Capital raising (1)		8,016		111,181		—			119,197
Advisory fees (1)		—		97,838		—			97,838
Investment banking		8,016		209,019		—			217,035
Asset management		198,921		18		—			198,939
Other		11,568		—		744			12,312
Total		334,661		269,912		741			605,314
Primary Geographic Region:
United States		334,661		202,144		741			537,546
United Kingdom		—		48,331		—			48,331
Other		—		19,437		—			19,437
	$	334,661	$	269,912	$	741		$	605,314

	Three Months Ended June 30, 2019 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	120,284	$	44,697	$	—	$	164,981
Capital raising (1)		10,559		86,153		—		96,712
Advisory fees (1)		—		82,905		—		82,905
Investment banking		10,559		169,058		—		179,617
Asset management		211,156		15		—		211,171
Other		3,549		—		199		3,748
Total		345,548		213,770		199		559,517
Primary Geographic Region:
United States		345,548		172,958		199		518,705
United Kingdom		—		39,668		—		39,668
Other		—		1,144		—		1,144
	$	345,548	$	213,770	$	199	$	559,517

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

	Six Months Ended June 30, 2020 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	253,053	$	135,073	$	—	$	388,126
Capital raising (1)		18,330		204,263		—		222,593
Advisory fees (1)		19		173,891		—		173,910
Investment banking		18,349		378,154		—		396,503
Asset management		436,681		33		—		436,714
Other		15,569		—		1,510		17,079
Total		723,652		513,260		1,510		1,238,422
Primary Geographic Region:
United States		723,652		400,187		1,510		1,125,349
United Kingdom		—		79,094		—		79,094
Other		—		33,979		—		33,979
	$	723,652	$	513,260	$	1,510	$	1,238,422

	Six Months Ended June 30, 2019 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	230,211	$	90,219	$	—	$	320,430
Capital raising (1)		18,782		134,875		—		153,657
Advisory fees (1)		—		187,800		—		187,800
Investment banking		18,782		322,675		—		341,457
Asset management		406,409		29		—		406,438
Other		6,004		—		1,526		7,530
Total		661,406		412,923		1,526		1,075,855
Primary Geographic Region:
United States		661,406		349,698		1,526		1,012,630
United Kingdom		—		60,771		—		60,771
Other		—		2,454		—		2,454
	$	661,406	$	412,923	$	1,526	$	1,075,855

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