Revenues from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Schedule of Total Revenues Broken Out by 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 three and six months ended June 30, 2021 and 2020 (in thousands):

	Three Months Ended June 30,
	2021		2020
Revenues from contracts with customers:
Commissions	$	195,579	$	177,028
Investment banking		376,443		217,035
Asset management and service fees		295,869		198,939
Other		8,357		12,312
Total revenue from contracts with customers		876,248		605,314
Other sources of revenue:
Interest		133,591		128,368
Principal transactions		152,597		166,017
Other		4,878		9,202
Total revenues	$	1,167,314	$	908,901

	Six Months Ended June 30,
	2021		2020
Revenues from contracts with customers:
Commissions	$	409,193	$	388,126
Investment banking		715,731		396,503
Asset management and service fees		574,016		436,714
Other		25,239		17,079
Total revenue from contracts with customers		1,724,179		1,238,422
Other sources of revenue:
Interest		261,131		289,545
Principal transactions		317,603		304,683
Other		13,630		13,642
Total revenues	$	2,316,543	$	1,846,292

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 and six months ended June 30, 2021 and 2020 (in thousands):

	Three Months Ended June 30, 2021 (1)
	Global Wealth Management		Institutional Group		Other			Total
Major business activity:
Commissions	$	139,653	$	55,926	$	—		$	195,579
Capital raising		11,898		157,880		—			169,778
Advisory fees		—		206,665		—			206,665
Investment banking		11,898		364,545		—			376,443
Asset management		295,847		22		—			295,869
Other		8,422		—		(65	)		8,357
Total		455,820		420,493		(65	)		876,248
Primary Geographic Region:
United States		455,820		344,494		(65	)		800,249
United Kingdom		—		45,824		—			45,824
Canada		—		21,311		—			21,311
Other		—		8,864		—			8,864
	$	455,820	$	420,493	$	(65	)	$	876,248

	Three Months Ended June 30, 2020 (1)
	Global Wealth Management		Institutional Group		Other			Total
Major business activity:
Commissions	$	116,156	$	60,875	$	(3	)	$	177,028
Capital raising		8,016		111,181		—			119,197
Advisory fees		—		97,838		—			97,838
Investment banking		8,016		209,019		—			217,035
Asset management		198,921		18		—			198,939
Other		11,568		—		744			12,312
Total		334,661		269,912		741			605,314
Primary Geographic Region:
United States		334,661		202,144		741			537,546
United Kingdom		—		48,331		—			48,331
Canada		—		10,884		—			10,884
Other		—		8,553		—			8,553
	$	334,661	$	269,912	$	741		$	605,314

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

	Six Months Ended June 30, 2021 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	287,158	$	122,035	$	—	$	409,193
Capital raising		25,447		353,137		—		378,584
Advisory fees		—		337,147		—		337,147
Investment banking		25,447		690,284		—		715,731
Asset management		573,956		60		—		574,016
Other		23,346		—		1,893		25,239
Total		909,907		812,379		1,893		1,724,179
Primary Geographic Region:
United States		909,907		648,342		1,893		1,560,142
United Kingdom		—		91,215		—		91,215
Canada		—		51,057		—		51,057
Other		—		21,765		—		21,765
	$	909,907	$	812,379	$	1,893	$	1,724,179

	Six Months Ended June 30, 2020 (1)
	Global Wealth Management		Institutional Group		Other		Total
Major business activity:
Commissions	$	253,053	$	135,073	$	—	$	388,126
Capital raising		18,330		204,263		—		222,593
Advisory fees		19		173,891		—		173,910
Investment banking		18,349		378,154		—		396,503
Asset management		436,681		33		—		436,714
Other		15,569		—		1,510		17,079
Total		723,652		513,260		1,510		1,238,422
Primary Geographic Region:
United States		723,652		400,187		1,510		1,125,349
United Kingdom		—		79,094		—		79,094
Canada		—		16,107		—		16,107
Other		—		17,872		—		17,872
	$	723,652	$	513,260	$	1,510	$	1,238,422

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