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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets

Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Financial Advisory

 

Net Revenue

 

$

407,885

 

 

$

451,940

 

 

$

798,100

 

 

$

770,352

 

 

 

Operating Expenses

 

 

316,574

 

 

 

369,083

 

 

 

614,832

 

 

 

627,130

 

 

 

Operating Income

 

$

91,311

 

 

$

82,857

 

 

$

183,268

 

 

$

143,222

 

Asset Management

 

Net Revenue

 

$

289,151

 

 

$

365,255

 

 

$

627,652

 

 

$

712,745

 

 

 

Operating Expenses

 

 

232,546

 

 

 

269,314

 

 

 

474,062

 

 

 

501,417

 

 

 

Operating Income

 

$

56,605

 

 

$

95,941

 

 

$

153,590

 

 

$

211,328

 

Corporate

 

Net Revenue (Loss)

 

$

(57,490

)

 

$

5,942

 

 

$

(91,314

)

 

$

147

 

 

 

Operating Expenses (Credit)

 

 

(35,412

)

 

 

18,479

 

 

 

(40,022

)

 

 

54,146

 

 

 

Operating Loss

 

$

(22,078

)

 

$

(12,537

)

 

$

(51,292

)

 

$

(53,999

)

Total

 

Net Revenue

 

$

639,546

 

 

$

823,137

 

 

$

1,334,438

 

 

$

1,483,244

 

 

 

Operating Expenses

 

 

513,708

 

 

 

656,876

 

 

 

1,048,872

 

 

 

1,182,693

 

 

 

Operating Income

 

$

125,838

 

 

$

166,261

 

 

$

285,566

 

 

$

300,551

 

 

 

 

As Of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Total Assets

 

 

 

 

 

 

 

 

Financial Advisory

 

$

1,199,214

 

 

$

1,239,964

 

Asset Management

 

 

910,142

 

 

 

1,128,549

 

Corporate

 

 

4,602,440

 

 

 

4,778,668

 

Total

 

$

6,711,796

 

 

$

7,147,181