Revenues From Contracts With Customers (Tables)

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Schedule of Total Revenues Separated between 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 revenues for the years ended December 31, 2020 and 2019 (in thousands):

	Year Ended December 31,
	2020		2019
Revenues from contracts with customers:
Commissions	$	760,627	$	667,494
Investment banking		952,308		817,421
Asset management and service fees		917,424		848,035
Other		48,529		19,287
Total revenue from contracts with customers		2,678,888		2,352,237
Other sources of revenue:
Interest		523,832		724,882
Principal transactions		588,303		404,751
Other		26,816		33,091
Total revenues	$	3,817,839	$	3,514,961

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, 2020 and 2019 (in thousands):

	Year Ended December 31, 2020
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	513,247	$	247,380	$	—	$	760,627
Capital raising (1)		36,005		488,152		—		524,157
Advisory fees (1)		19		428,132		—		428,151
Investment banking		36,024		916,284		—		952,308
Asset management		917,353		71		—		917,424
Other		45,438		—		3,091		48,529
Total		1,512,062		1,163,735		3,091		2,678,888
Primary Geographic Region:
United States		1,512,062		940,272		3,091		2,455,425
United Kingdom		—		143,960		—		143,960
Other		—		79,503		—		79,503
	$	1,512,062	$	1,163,735	$	3,091	$	2,678,888

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

	Year Ended December 31, 2019
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	477,401	$	190,093	$	—	$	667,494
Capital raising		37,915		331,527		—		369,442
Advisory fees		—		447,979		—		447,979
Investment banking		37,915		779,506		—		817,421
Asset management		847,977		58		—		848,035
Other		16,437		—		2,850		19,287
Total		1,379,730		969,657		2,850		2,352,237
Primary Geographic Region:
United States		1,379,730		822,758		2,850		2,205,338
United Kingdom		—		135,529		—		135,529
Other		—		11,370		—		11,370
	$	1,379,730	$	969,657	$	2,850	$	2,352,237