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Fair Value Measurements for Operating Entities and Consolidated Funds - Carrying Value Disclosures (Details) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Cash and cash equivalents $ 1,057,123,000 $ 645,169,000 $ 539,733,000
Cash collateral pledged 48,996,000 110,743,000 110,666,000
Segregated Cash 177,693,000 185,141,000 139,152,000
Securities Purchased under Agreements to Resell 0 191,000  
Securities borrowed 2,169,056,000 1,908,187,000  
Loans Receivable, Net 3,479,000 7,682,000  
Cash and cash equivalents, Consolidated Funds 426,000 417,000 $ 946,000
Securities Sold under Agreements to Repurchase 53,839,000 5,036,000  
Securities sold under agreements to repurchase, Fair value 56,121,000 5,544,000  
Securities Loaned 3,352,456,000 2,476,414,000  
Convertible debt 0 80,808,000 [1]  
Long-term Debt [2] 479,503,000 383,067,000  
Convertible Debt      
Unamortized discount   6,700,000  
Notes Payable, Other Payables      
Unamortized discount 1,400,000    
Debt Instrument, Unamortized Premium 300,000 400,000  
Level 1      
Cash and cash equivalents, Fair Value 1,057,123,000 645,169,000  
Segregated cash fair value disclosures 177,693,000 185,141,000  
Cash and cash equivalents, Consolidated Funds, Fair Value 426,000 417,000  
Level 2      
Cash collateral pledged, Fair Value 48,996,000 110,743,000  
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure 0 204,000  
Securities Borrowed, Fair Value Disclosure 2,169,056,000 1,908,187,000  
Securities sold under agreements to repurchase, Fair value 56,121,000 5,544,000  
Securities loaned, fair value disclosure 3,352,456,000 2,476,414,000  
Convertible debt, Fair Value 0 135,444,000 [3]  
Notes payable and other debt, Fair Value [4] 515,708,000 405,840,000  
Level 3      
Loans Receivable, Fair Value Disclosure [5] $ 3,479,000 $ 7,682,000  
[1] The carrying amount of the convertible debt includes an unamortized discount of $6.7 million as of December 31, 2020.
[2] The carrying amount of the notes payable and other debt includes an unamortized discount and unamortized premium of $1.4 million and $0.3 million as of September 30, 2021, respectively and unamortized premium of $0.4 million as of December 31, 2020.
[3] The convertible debt includes the conversion option and is based on the last broker quote available.
[4] Notes payable and other debt are based on the last broker quote available.
[5] The fair market value of level 3 loans is calculated using discounted cash flows where applicable.