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Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net income/(loss)$ 57,118,000$ (39,487,000)
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:  
Amortization of loans and advances to financial advisors and other employees42,262,00035,486,000
Amortization of premium on available-for-sale securities9,201,0005,349,000
Provision for loan losses and allowance for loans and advances to financial advisors and other employees986,000(916,000)
Amortization of intangible assets3,588,000 
Deferred income taxes23,777,000(60,586,000)
Stock-based compensation19,562,000183,602,000
Excess tax benefits from stock-based compensation(25,188,000)(14,280,000)
Gain on the sale of investments(60,000)(1,234,000)
Other, net1,156,000(5,881,000)
Decrease/(increase) in operating assets:  
Cash segregated for regulatory purposes and restricted cash5,985,000 
Receivables:  
Brokerage clients(49,174,000)(120,389,000)
Brokers, dealers and clearing organizations11,757,00073,327,000
Securities purchased under agreements to resell2,613,000(11,221,000)
Trading securities owned, including those pledged(82,274,000)(176,664,000)
Loans originated as mortgages held for sale(638,596,000)(761,075,000)
Proceeds from mortgages held for sale608,853,000715,151,000
Loans and advances to financial advisors and other employees(30,265,000)(29,362,000)
Other assets(37,058,000)32,851,000
Increase/(decrease) in operating liabilities:  
Brokerage clients29,207,0003,656,000
Brokers, dealers and clearing organizations(63,977,000)72,098,000
Drafts(27,871,000)40,923,000
Trading securities sold, but not yet purchased72,050,000(5,983,000)
Other liabilities and accrued expenses(82,110,000)(3,061,000)
Net cash (used in)/provided by operating activities(129,334,000)(46,251,000)
Investing Activities:  
Maturities, calls and principal paydowns on available-for-sale securities535,499,000150,931,000
Maturities, calls and principal paydowns on held-to-maturity securities800,000 
Sale or maturity of investments74,437,00079,195,000
Sale of bank branch 13,905,000
Sale of bank foreclosed assets held for sale808,0002,096,000
Increase in bank loans, net(178,275,000)(27,531,000)
Payments for:  
Purchase of available-for-sale securities(868,769,000)(395,646,000)
Purchase of held-to-maturity securities(80,115,000)(42,931,000)
Purchase of investments(71,991,000)(98,794,000)
Purchase of fixed assets(32,561,000)(21,886,000)
Purchase of bank foreclosed assets held for sale(225,000) 
Acquisitions (500,000)
Net cash used in investing activities(620,392,000)(341,161,000)
Financing Activities:  
Net proceeds from short-term borrowings from banks201,000,000116,300,000
Decrease in securities sold under agreements to repurchase(56,790,000)(23,588,000)
Increase in bank deposits, net497,195,000346,393,000
Increase in securities loaned92,518,00086,091,000
Excess tax benefits from stock-based compensation25,188,00014,280,000
Issuance of common stock 865,000
Repurchase of common stock(48,505,000)(91,769,000)
Reissuance of treasury stock2,755,0002,055,000
EarlyRepayment Of Senior Debt (23,000,000)
Payment of Federal Home Loan Bank advances (2,000,000)
Extinguishment of subordinated debt(1,284,000)(1,840,000)
Net cash provided by financing activities712,077,000423,787,000
Effect of exchange rate changes on cash(1,261,000)8,689,000
(Decrease)/increase in cash and cash equivalents(38,910,000)45,064,000
Cash and cash equivalents at beginning of period253,529,000161,820,000
Cash and cash equivalents at end of period214,619,000206,884,000
Supplemental disclosure of cash flow information:  
Cash paid for interest18,880,0008,539,000
Cash paid for income taxes, net of refunds5,618,00051,896,000
Noncash investing and financing activities:  
CommonStockIssuanceTWPG 271,285,000
Units, net of forfeitures$ 119,530,000$ 137,158,000