Revenues from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Total Revenues Broken Out by Revenues from Contracts with Customers and Other Sources of Revenues

The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenue for the three and six months ended June 30, 2022 and 2021 (in thousands):

	Three Months Ended June 30,
	2022			2021
Revenues from contracts with customers:
Commissions	$	186,681		$	195,579
Investment banking		271,075			376,443
Asset management		331,264			295,869
Interest		8,732			6,286
Other		1,533			8,357
Total revenue from contracts with customers		799,285			882,534
Other sources of revenue:
Interest		204,022			127,305
Principal transactions		125,603			152,597
Other		(3,450	)		4,878
Total revenues	$	1,125,460		$	1,167,314

	Six Months Ended June 30,
	2022		2021
Revenues from contracts with customers:
Commissions	$	382,590	$	409,193
Investment banking		525,921		715,731
Asset management		672,900		574,016
Interest		15,644		12,377
Other		3,708		25,239
Total revenue from contracts with customers		1,600,763		1,736,556
Other sources of revenue:
Interest		362,545		248,754
Principal transactions		284,873		317,603
Other		3,263		13,630
Total revenues	$	2,251,444	$	2,316,543

Revenues from Contracts with Customers Disaggregated by Major Business Activity and Primary Geographic Regions

The following tables present the Company’s revenues from contracts with customers by reportable segment disaggregated by major business activity and primary geographic regions for the three and six months ended June 30, 2022 and 2021 (in thousands):

	Three Months Ended June 30, 2022 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major Business Activity:
Commissions	$	122,004	$	64,677	$	—	$	186,681
Capital raising		5,056		66,463		—		71,519
Advisory		—		199,556		—		199,556
Investment banking		5,056		266,019		—		271,075
Asset management		331,243		21		—		331,264
Interest		8,600		132		—		8,732
Other		1,472		—		61		1,533
Total		468,375		330,849		61		799,285
Primary Geographic Region:
United States		468,375		277,565		61		746,001
United Kingdom		—		37,047		—		37,047
Canada		—		7,824		—		7,824
Other		—		8,413		—		8,413
	$	468,375	$	330,849	$	61	$	799,285

(1) Excludes revenues not derived from contracts with customers included in the Other segment.

	Three Months Ended June 30, 2021 (1)
	Global Wealth Management		Institutional Group		Other			Total
Major Business Activity:
Commissions	$	139,653	$	55,926	$	—		$	195,579
Capital raising		11,898		157,880		—			169,778
Advisory		—		206,665		—			206,665
Investment banking		11,898		364,545		—			376,443
Asset management		295,847		22		—			295,869
Interest		6,246		40		—			6,286
Other		8,422		—		(65	)		8,357
Total		462,066		420,533		(65	)		882,534
Primary Geographic Region:
United States		462,066		344,495		(65	)		806,496
United Kingdom		—		45,824		—			45,824
Canada		—		21,350		—			21,350
Other		—		8,864		—			8,864
	$	462,066	$	420,533	$	(65	)	$	882,534

	Six Months Ended June 30, 2022 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	252,780	$	129,810	$	—	$	382,590
Capital raising		10,203		134,766		—		144,969
Advisory		—		380,952		—		380,952
Investment banking		10,203		515,718		—		525,921
Asset management		672,856		44		—		672,900
Interest		15,464		180		—		15,644
Other		3,594		—		114		3,708
Total		954,897		645,752		114		1,600,763
Primary Geographic Region:
United States		954,897		540,162		114		1,495,173
United Kingdom		—		71,355		—		71,355
Canada		—		17,202		—		17,202
Other		—		17,033		—		17,033
	$	954,897	$	645,752	$	114	$	1,600,763

	Six Months Ended June 30, 2021 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	287,158	$	122,035	$	—	$	409,193
Capital raising		25,447		353,137		—		378,584
Advisory		—		337,147		—		337,147
Investment banking		25,447		690,284		—		715,731
Asset management		573,956		60		—		574,016
Interest		12,302		75		—		12,377
Other		23,346		—		1,893		25,239
Total		922,209		812,454		1,893		1,736,556
Primary Geographic Region:
United States		922,209		648,345		1,893		1,572,447
United Kingdom		—		91,215		—		91,215
Canada		—		51,129		—		51,129
Other		—		21,765		—		21,765
	$	922,209	$	812,454	$	1,893	$	1,736,556

(1) Excludes revenues not derived from contracts with customers included in the Other segment.