Revenues from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

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

The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenue for the years ended December 31, 2023 and 2022 (in thousands):

	Year Ended December 31,
	2023		2022
Revenues from contracts with customers:
Commissions	$	673,597	$	710,589
Investment banking		731,255		971,485
Asset management		1,299,496		1,262,919
Other		5,281		5,834
Total revenue from contracts with customers		2,709,629		2,950,827
Other sources of revenue:
Interest		1,955,745		1,099,115
Principal transactions		490,440		529,033
Other		3,466		13,851
Total revenues	$	5,159,280	$	4,592,826

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 years ended December 31, 2023 and 2022 (in thousands):

	Year Ended December 31, 2023
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	444,949	$	228,648	$	—	$	673,597
Capital raising		16,680		248,987		—		265,667
Advisory		—		465,588		—		465,588
Investment banking		16,680		714,575		—		731,255
Asset management		1,299,361		135		—		1,299,496
Other		5,079		17		185		5,281
Total		1,766,069		943,375		185		2,709,629
Primary Geographic Region:
United States		1,766,069		741,283		185		2,507,537
United Kingdom		—		107,631		—		107,631
Canada		—		42,263		—		42,263
Other		—		52,198		—		52,198
	$	1,766,069	$	943,375	$	185	$	2,709,629

	Year Ended December 31, 2022
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	473,638	$	236,951	$	—	$	710,589
Capital raising		19,515		237,347		—		256,862
Advisory		—		714,623		—		714,623
Investment banking		19,515		951,970		—		971,485
Asset management		1,262,841		78		—		1,262,919
Other		5,569		—		265		5,834
Total		1,761,563		1,188,999		265		2,950,827
Primary Geographic Region:
United States		1,761,563		970,960		265		2,732,788
United Kingdom		—		148,690		—		148,690
Canada		—		33,718		—		33,718
Other		—		35,631		—		35,631
	$	1,761,563	$	1,188,999	$	265	$	2,950,827