Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2022

Revenue Recognition and Deferred Revenue [Abstract]

Revenue from Contract with Customer

Revenue from Contracts with Customers For the three months ended March 31, 2022 and 2021, the following tables presents revenues from contracts with customers disaggregated by fee type and segment.

		Three Months Ended March 31,
		2022		2021
		(dollars in thousands)
Revenue from contracts with customers		Operating Company
Investment banking
Underwriting fees		$	17,583	$	154,304
Strategic/financial advisory fees		58,789		73,555
Placement and sales agent fees		22,584		72,544
Expense reimbursements from clients		2,586		4,431
	Total investment banking revenue	101,542		304,834
Brokerage
Commissions		152,483		159,681
Trade conversion revenue		7,410		6,241
Equity research fees		6,203		4,593
	Total brokerage revenue from customers	166,096		170,515
Management fees		16,555		25,499
Incentive income		633		2,258
Total revenue from contracts with customers - Op Co		$	284,826	$	503,106
		Asset Company
Management fees		214		243
Incentive income		—		—
Total revenue from contracts with customers - Asset Co		214		243
Total revenue from contracts with customers		$	285,040	$	503,349