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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net income $ 90,983 $ 44,054
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 14,306 16,610
Amortization of loans and advances to financial advisors and other employees 32,580 31,004
Amortization of premium/(accretion of discount) on investment portfolio 3,118 1,568
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 4,692 3,451
Amortization of intangible assets 8,204 2,827
Deferred income taxes 25,377 9,484
Excess tax benefits from stock-based compensation (17,208) (9,313)
Stock-based compensation 47,087 88,083
(Gains)/losses on investments (4,945) 620
Other net 2,158 269
Decrease/(increase) in operating assets:    
Cash segregated for regulatory purposes and restricted cash 4,265 127,997
Receivables:    
Brokerage clients (27,219) (64,477)
Brokers, dealers and clearing organizations (354,142) (387,739)
Securities purchased under agreements to resell 2,866 33,472
Loans originated as held for sale (490,705) (836,888)
Proceeds from mortgages held for sale 472,609 890,865
Trading securities owned, including those pledged (226,505) 142,728
Loans and advances to financial advisors and other employees (37,632) (31,974)
Other assets (14,521) (890)
Increase/(decrease) in operating liabilities, net of liabilities assumed:    
Brokerage clients 4,769 (7,035)
Brokers, dealers and clearing organizations 46,634 37,147
Drafts (6,161) (33,582)
Financial instruments sold, but not yet purchased 204,129 110,235
Other liabilities and accrued expenses (180,887) (78,652)
Net cash provided by/(used in) operating activities (396,148) 89,864
Cash Flows from Investing Activities:    
Maturities, calls, sales, and principal paydowns of available-for-sale 245,570 307,424
Calls on held-to-maturity securities 46,240 31,418
Sale or maturity of investments 33,737 49,135
Sale of other real estate owned 131 200
Increase in bank loans, net (357,654) (167,216)
Payments for:    
Purchase of available-for-sale securities (132,703) (1,017,693)
Purchase of held-to-maturity securities (7,959) (16,438)
Purchase of investments (37,116) (68,523)
Purchase of fixed assets (12,107) (13,305)
Acquisitions (7,922) (165,104)
Net cash used in investing activities (229,783) (1,060,102)
Cash Flows from Financing Activities:    
Proceeds from short-term borrowings from banks 312,300 202,000
Increase/(decrease) in securities sold under agreements to repurchase 25,771 19,939
Increase in bank deposits, net (9,667) 660,917
Increase in securities loaned (15,003) 63,645
Excess tax benefits from stock-based compensation 17,208 9,313
Issuance of common stock for stock option exercises 114 15
Repurchase of common stock   (13,670)
Reissuance of treasury stock   509
Repayment of non-recourse debt   (5,968)
Extinguishment of subordinated debt (3,131) (2,187)
Net cash provided by financing activities 327,592 934,513
Effect of exchange rate changes on cash 2,069 (1,290)
Increase/(decrease) in cash and cash equivalents (296,270) (37,015)
Cash and cash equivalents at beginning of period 716,560 403,941
Cash and cash equivalents at end of period 420,290 366,926
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 31,594 8,635
Cash paid for interest 16,968 22,326
Noncash investing and financing activities:    
Stock units granted, net of forfeitures 116,475 160,386
Issuance of common stock for acquisitions   $ 265,918