Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2024

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 three months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended March 31,
	2024		2023
Revenues from contracts with customers:
Commissions	$	185,476	$	169,550
Investment banking		213,949		211,879
Asset management		367,476		315,569
Other		1,236		1,227
Total revenue from contracts with customers		768,137		698,225
Other sources of revenue:
Interest		506,828		451,564
Principal transactions		139,014		115,522
Other		3,714		(3,520	)
Total revenues	$	1,417,693	$	1,261,791

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 months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended March 31, 2024
	Global Wealth Management		Institutional Group		Other		Total
Major Business Activity:
Commissions	$	121,217	$	64,259	$	—	$	185,476
Capital raising		4,280		90,417		—		94,697
Advisory		—		119,252		—		119,252
Investment banking		4,280		209,669		—		213,949
Asset management		367,450		26		—		367,476
Other		1,236		—		—		1,236
Total		494,183		273,954		—		768,137
Primary Geographic Region:
United States		494,183		223,450		—		717,633
United Kingdom		—		28,185		—		28,185
Canada		—		11,375		—		11,375
Other		—		10,944		—		10,944
	$	494,183	$	273,954	$	—	$	768,137

	Three Months Ended March 31, 2023
	Global Wealth Management		Institutional Group		Other		Total
Major Business Activity:
Commissions	$	110,191	$	59,359	$	—	$	169,550
Capital raising		4,158		56,658		—		60,816
Advisory		—		151,063		—		151,063
Investment banking		4,158		207,721		—		211,879
Asset management		315,537		32		—		315,569
Other		1,184		—		43		1,227
Total		431,070		267,112		43		698,225
Primary Geographic Region:
United States		431,070		210,877		43		641,990
United Kingdom		—		23,383		—		23,383
Canada		—		22,523		—		22,523
Other		—		10,329		—		10,329
	$	431,070	$	267,112	$	43	$	698,225