Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2021

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 broken out by revenues from contracts with customers and other sources of revenues for the three months ended March 31, 2021 and 2020 (in thousands):

	Three Months Ended March 31,
	2021		2020
Revenues from contracts with customers:
Commissions	$	213,614	$	211,098
Investment banking		339,288		179,468
Asset management and service fees		278,147		237,775
Other		16,882		4,767
Total revenue from contracts with customers		847,931		633,108
Other sources of revenue:
Interest		127,540		161,177
Principal transactions		165,006		138,666
Other		8,752		4,440
Total revenues	$	1,149,229	$	937,391

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 months ended March 31, 2021 and 2020 (in thousands):

	Three Months Ended March 31, 2021 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	147,505	$	66,109	$	—	$	213,614
Capital raising		13,549		195,257		—		208,806
Advisory fees		—		130,482		—		130,482
Investment banking		13,549		325,739		—		339,288
Asset management		278,109		38		—		278,147
Other		14,924		—		1,958		16,882
Total		454,087		391,886		1,958		847,931
Primary Geographic Region:
United States		454,087		303,848		1,958		759,893
United Kingdom		—		45,391		—		45,391
Canada		—		29,746		—		29,746
Other		—		12,901		—		12,901
	$	454,087	$	391,886	$	1,958	$	847,931

	Three Months Ended March 31, 2020 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	136,897	$	74,198	$	3	$	211,098
Capital raising		10,314		93,082		—		103,396
Advisory fees		19		76,053		—		76,072
Investment banking		10,333		169,135		—		179,468
Asset management		237,760		15		—		237,775
Other		4,001		—		766		4,767
Total		388,991		243,348		769		633,108
Primary Geographic Region:
United States		388,991		198,043		769		587,803
United Kingdom		—		30,763		—		30,763
Canada		—		5,223		—		5,223
Other		—		9,319		—		9,319
	$	388,991	$	243,348	$	769	$	633,108

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