Consolidated Statements of Financial Condition - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS:
Cash and cash equivalents	$ 2,273	$ 1,645
Cash and investments segregated under federal regulations	15,112	15,565
Securities purchased under agreements to resell	1,390	1,139
Receivables from:
Clients	4,350	3,922
Mutual funds, insurance companies and other	967	891
Brokers, dealers and clearing organizations	350	429
Securities owned, at fair value:
Investment securities	679	1,069
Inventory securities	63	88
Lease right-of-use assets	1,085	1,029
Fixed assets, at cost, net of accumulated depreciation and amortization	1,397	1,093
Other assets	1,298	1,133
TOTAL ASSETS	28,964	28,003
Payables to:
Clients	18,189	18,246
Brokers, dealers and clearing organizations	68	131
Accrued compensation and employee benefits	3,144	2,506
Accounts payable, accrued expenses and other	1,529	1,427
Lease liabilities	1,125	1,066
Total liabilities before partnership capital	24,055	23,376
Commitments and contingencies (Notes 13 and 14)
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	4,201	4,049
Reserve for anticipated withdrawals	708	578
Total partnership capital and Profits Interests subject to mandatory redemption	4,909	4,627
TOTAL LIABILITIES	28,964	28,003
Limited Partnership Capital [Member]
Payables to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	1,727	1,750
Subordinated Limited Partnership Capital [Member]
Payables to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	721	666
General Partnership Capital [Member]
Payables to:
Partnership capital subject to mandatory redemption, net of reserve for anticipated withdrawals and partnership loans	$ 1,753	$ 1,633