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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule Of Financial Information About Business Segments
The following tables highlight certain financial information about each of the business segments for the three months ended September 30, 2021 and 2020:
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Three Months Ended September 30, 2021
Revenues$123,018 $124,768 $85,759 $147,412 $4,365 $485,322 
Expenses116,679 62,107 41,643 89,594 12,820 322,843 
Operating profit (loss)$6,339 $62,661 $44,116 $57,818 $(8,455)$162,479 
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Three Months Ended September 30, 2020
Revenues$114,792 $103,189 $79,583 $123,846 $3,517 $424,927 
Expenses113,066 51,519 37,812 79,838 13,315 295,550 
Operating profit (loss)$1,726 $51,670 $41,771 $44,008 $(9,798)$129,377 
The following tables highlight certain financial information about each of business segment for the nine months ended September 30, 2021 and 2020:
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Nine Months Ended September 30, 2021
Revenues$364,302 $357,458 $255,957 $426,639 $12,303 $1,416,659 
Expenses345,057 176,267 122,696 257,609 39,855 941,484 
Operating profit (loss)$19,245 $181,191 $133,261 $169,030 $(27,552)$475,175 
Private
Banks
Investment
Advisors
Institutional
Investors
Investment
Managers
Investments
In New
Businesses
Total
 For the Nine Months Ended September 30, 2020
Revenues$335,739 $299,218 $235,309 $359,815 $10,254 $1,240,335 
Expenses331,442 154,100 113,016 228,795 37,691 865,044 
Operating profit (loss)$4,297 $145,118 $122,293 $131,020 $(27,437)$375,291 
Reconciliation Of Total Operating Profit Reported For Business Segments To Income From Operations In Consolidated Statements Of Operations
A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the three months ended September 30, 2021 and 2020 is as follows:
20212020
Total operating profit from segments$162,479 $129,377 
Corporate overhead expenses(21,354)(18,040)
Income from operations$141,125 $111,337 
A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the nine months ended September 30, 2021 and 2020:
20212020
Total operating profit from segments$475,175 $375,291 
Corporate overhead expenses(65,192)(53,414)
Income from operations$409,983 $321,877 
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
The following tables provide additional information for the three months ended September 30, 2021 and 2020 pertaining to the business segments:
 Capital Expenditures (1)Depreciation
 2021202020212020
Private Banks$6,173 $7,652 $4,980 $4,222 
Investment Advisors2,896 3,234 499 1,255 
Institutional Investors720 698 271 298 
Investment Managers3,722 2,776 2,428 1,818 
Investments in New Businesses336 144 60 97 
Total from business segments$13,847 $14,504 $8,238 $7,690 
Corporate overhead419 274 170 255 
$14,266 $14,778 $8,408 $7,945 
(1) Capital expenditures include additions to property and equipment and capitalized software.
 Amortization
 20212020
Private Banks$8,526 $7,505 
Investment Advisors3,014 2,683 
Institutional Investors427 426 
Investment Managers2,451 2,343 
Investments in New Businesses185 186 
Total from business segments$14,603 $13,143 
Corporate overhead71 57 
$14,674 $13,200 
The following tables provide additional information for the nine months ended September 30, 2021 and 2020:
 Capital Expenditures (1)Depreciation
 2021202020212020
Private Banks$20,596 $24,211 $13,290 $12,069 
Investment Advisors8,784 12,427 3,205 3,578 
Institutional Investors2,115 3,085 982 901 
Investment Managers8,726 19,067 6,508 5,499 
Investments in New Businesses788 894 306 243 
Total from business segments$41,009 $59,684 $24,291 $22,290 
Corporate Overhead997 2,069 850 768 
$42,006 $61,753 $25,141 $23,058 
(1) Capital expenditures include additions to property and equipment and capitalized software.
 Amortization
 20212020
Private Banks$25,735 $22,390 
Investment Advisors8,550 7,999 
Institutional Investors1,280 1,280 
Investment Managers7,375 7,020 
Investments in New Businesses555 556 
Total from business segments$43,495 $39,245 
Corporate Overhead254 172 
$43,749 $39,417