We currently operate through the following three business segments: Global Wealth Management, Institutional Group, and various corporate activities combined in the Other segment.

Our Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Private Client Group includes branch offices and independent contractor offices of our broker-dealer subsidiaries located throughout the United States. These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance, as well as offering banking products to their clients through our bank subsidiaries, which provide residential, consumer, and commercial lending, as well as FDIC-insured deposit accounts to customers of our broker-dealer subsidiaries and to the general public.

The Institutional Group segment includes institutional sales and trading. It provides securities brokerage, trading, and research services to institutions, with an emphasis on the sale of equity and fixed income products. This segment also includes the management of and participation in underwritings for both corporate and public finance (exclusive of sales credits generated through the private client group, which are included in the Global Wealth Management segment), merger and acquisition, and financial advisory services.

The Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments held, amortization of stock-based awards, and all unallocated overhead cost associated with the execution of orders; processing of securities transactions; custody of client securities; receipt, identification, and delivery of funds and securities; compliance with regulatory and legal requirements; internal financial accounting and controls; and general administration and acquisition charges.

Information concerning operations in these segments of business for the three months ended March 31, 2019 and 2018 is as follows (in thousands):

	Three Months Ended March 31,
	2019			2018
Net revenues: ⁽¹⁾
Global Wealth Management	$	510,610		$	485,575
Institutional Group		261,286			270,078
Other		(1,476	)		(5,295	)
	$	770,420		$	750,358
Income/(loss) before income taxes:
Global Wealth Management	$	194,490		$	176,771
Institutional Group		32,204			44,570
Other		(88,885	)		(101,787	)
	$	137,809		$	119,554

⁽¹⁾	No individual client accounted for more than 10 percent of total net revenues for the three months ended March 31, 2019 or 2018.

The following table presents our company’s total assets on a segment basis at March 31, 2019 and December 31, 2018 (in thousands):

	March 31, 2019		December 31, 2018
Global Wealth Management	$	20,350,939	$	21,040,224
Institutional Group		3,567,420		3,238,617
Other		265,200		240,757
	$	24,183,559	$	24,519,598

We have operations in the United States, United Kingdom, and Europe. The Company’s foreign operations are conducted through its wholly owned subsidiary, SNEL. Substantially all long-lived assets are located in the United States.

Revenues, classified by the major geographic areas in which they are earned for the three months ended March 31, 2019 and 2018, were as follows (in thousands):

	Three Months Ended March 31,
	2019		2018
United States	$	741,230	$	706,068
United Kingdom		26,390		41,558
Other		2,800		2,732
	$	770,420	$	750,358