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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operating Activities    
Net Income $ 13,392 $ 8,378
Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities:    
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration 1,000 (1,477)
Equity Method Investments 6,736 4,660
Equity-Based and Other Deferred Compensation 27,870 32,310
Depreciation, Amortization and Accretion 4,305 4,006
Bad Debt Expense (72) 181
Deferred Taxes 7,325 (4,881)
Decrease (Increase) in Operating Assets:    
Marketable Securities 99 11
Financial Instruments Owned and Pledged as Collateral at Fair Value (1,932) 70,707
Securities Purchased Under Agreements to Resell (1,437) (9,085)
Accounts Receivable (5,835) 10,835
Receivable from Employees and Related Parties (2,036) (5,078)
Other Assets (22,728) (3,348)
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (139,299) (116,305)
Accounts Payable and Accrued Expenses (2,135) (1,919)
Securities Sold Under Agreements to Repurchase 3,339 (61,794)
Payables to Employees and Related Parties (4,883) 2,800
Taxes Payable (2,521) (14,193)
Other Liabilities 2,375 (676)
Net Cash Provided by (Used In) Operating Activities (116,437) (84,868)
Cash Flows From Investing Activities    
Investments Purchased (90) (892)
Distributions of Private Equity Investments 108 14
Marketable Securities:    
Proceeds from Sales and Maturities 9,175 6,895
Purchases (6,738) (3,933)
Cash Acquired from Acquisitions 0 170
Purchase of Furniture, Equipment and Leasehold Improvements (1,501) (471)
Net Cash Provided by Investing Activities 954 1,783
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 45 0
Distributions to Noncontrolling Interests (1,615) (7,260)
Short-Term Borrowing 25,000 0
Repayment of Short-Term Borrowing (25,000) 0
Purchase of Treasury Stock and Noncontrolling Interests (63,363) (29,687)
Excess Tax Benefits Associated with Equity-Based Awards 15,282 5,453
Dividends - Class A Stockholders (8,845) (7,115)
Net Cash Provided by (Used in) Financing Activities (58,496) (38,609)
Effect of Exchange Rate Changes on Cash (410) (703)
Net Increase (Decrease) in Cash and Cash Equivalents (174,389) (122,397)
Cash and Cash Equivalents-Beginning of Period 298,453 259,431
Cash and Cash Equivalents-End of Period 124,064 137,034
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 4,378 4,434
Payments for Income Taxes 4,553 23,065
Furniture, Equipment and Leasehold Improvements Accrued 120 504
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest 3,530 (568)
Dividend Equivalents Issued 1,561 1,530
Notes Exchanged for Equity in Subsidiary 0 1,042
Receipt of Marketable Securities in Settlement of Accounts Receivable 63 0
Contingent Consideration Accrued $ 817 $ 0