Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2021

Revenue Recognition and Deferred Revenue [Abstract]

Revenue from External Customers by Products and Services

For the three months ended March 31, 2021 and 2020, the following tables presents revenues from contracts with customers disaggregated by fee type and segment.

		Three Months Ended March 31,
		2021		2020
		(dollars in thousands)
Revenue from contracts with customers		Operating Company
Investment banking
Underwriting fees		$	154,304	$	63,270
Strategic/financial advisory fees		73,555		21,996
Placement and sales agent fees		72,544		17,596
Expense reimbursements from clients		4,431		2,166
	Total investment banking revenue	304,834		105,028
Brokerage
Commissions		161,792		132,208
Trade conversion revenue		4,130		4,639
Equity research fees		4,593		4,005
	Total brokerage revenue from customers	170,515		140,852
Management fees		25,499		11,346
Incentive income		2,258		—
Total revenue from contracts with customers - Op Co		$	503,106	$	257,226
		Asset Company
Management fees		243		258
Incentive income		—		—
Total revenue from contracts with customers - Asset Co		243		258
Total revenue from contracts with customers		$	503,349	$	257,484