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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities:    
Net income $ 34,773 $ 31,398
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 7,189 5,606
Amortization of loans and advances to financial advisors and other employees 13,931 14,268
Amortization of premium on available-for-sale securities 2,886 3,602
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 955 (259)
Amortization of intangible assets 1,329 1,064
Deferred income taxes 31,514 23,351
Excess tax benefits from stock-based compensation (12,438) (22,463)
Stock-based compensation 6,963 6,780
Gains on investments (7,952) (3,317)
Other, net (308) 633
Decrease/(increase) in operating assets:    
Cash segregated for regulatory purposes and restricted cash 299 996
Receivables:    
Brokerage clients (9,270) (6,756)
Brokers, dealers and clearing organizations 15,378 (77,388)
Securities purchased under agreements to resell (28,503) (90,616)
Loans originated as mortgages held for sale (356,192) (179,834)
Proceeds from mortgages held for sale 346,809 234,725
Trading securities owned, including those pledged (100,773) (117,240)
Loans and advances to financial advisors and other employees (25,203) (14,029)
Other assets (35,119) (11,265)
Increase/(decrease) in operating liabilities:    
Brokerage clients 45,431 (6,636)
Brokers, dealers and clearing organizations 13,590 (42,560)
Drafts (19,274) (17,962)
Trading securities sold, but not yet purchased 3,574 167,269
Other liabilities and accrued expenses (119,349) (151,611)
Net cash used in operating activities (189,760) (252,244)
Cash Flows from Investing Activities:    
Maturities, calls, sales, and principal paydowns on available-for-sale securities 63,783 71,512
Calls of held-to-maturity   500
Sale or maturity of investments 15,534 16,609
Sale of other real estate owned 75 228
Increase in bank loans, net (25,534) (7,604)
Payments for:    
Purchase of available-for-sale securities (192,536) (251,409)
Purchase of held-to-maturity securities (136,854) (11,264)
Purchase of investments (12,480) (12,369)
Purchase of fixed assets (3,902) (18,118)
Net cash (used in)/provided by investing activities (291,914) (211,915)
Cash Flows From Financing Activities:    
(Payments of)/proceeds from short-term borrowings from banks (12,000) 190,100
Proceeds from issuance of senior notes, net 170,291  
Increase in securities sold under agreements to repurchase 61,943 33,911
Increase in bank deposits, net 286,174 2,322
Increase in securities loaned 15,936 85,361
Excess tax benefits from stock-based compensation 12,438 22,463
Reissuance of treasury stock 6,783 2,093
Extinguishment of subordinated debt (1,639) (1,284)
Net cash provided by financing activities 539,926 334,966
Effect of exchange rate changes on cash 535 534
Increase/(decrease) in cash and cash equivalents 58,787 (128,659)
Cash and cash equivalents at beginning of period 167,671 253,529
Cash and cash equivalents at end of period 226,458 124,870
Supplemental disclosure of cash flow information:    
(Refunds net of taxes paid)/Cash paid for income taxes, net of refunds (885) 4,323
Cash paid for interest 6,712 5,982
Noncash investing and financing activities:    
Units, net of forfeitures $ 68,159 $ 84,193