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Condensed 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 $ 43,078 $ 30,389
Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities:    
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration (1,916) (2,964)
Equity Method Investments 6,024 4,115
Equity-Based and Other Deferred Compensation 57,640 63,802
Depreciation, Amortization and Accretion 8,339 8,126
Bad Debt Expense 716 317
Deferred Taxes 10,883 (3,633)
Decrease (Increase) in Operating Assets:    
Marketable Securities 203 133
Financial Instruments Owned and Pledged as Collateral at Fair Value (20,006) 42,901
Securities Purchased Under Agreements to Resell 19,063 (4,022)
Accounts Receivable (17,169) (28,910)
Receivable from Employees and Related Parties (222) (4,920)
Other Assets (32,721) (3,163)
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (90,898) (62,331)
Accounts Payable and Accrued Expenses 7,498 2,966
Securities Sold Under Agreements to Repurchase 925 (38,908)
Payables to Employees and Related Parties (3,606) 4,213
Taxes Payable (475) (11,879)
Other Liabilities (30) (1,865)
Net Cash Provided by (Used in) Operating Activities (12,674) (5,633)
Cash Flows From Investing Activities    
Investments Purchased (8,107) (1,274)
Distributions of Private Equity Investments 108 154
Marketable Securities:    
Proceeds from Sales and Maturities 20,839 23,062
Purchases (11,743) (21,055)
Cash Acquired from Acquisitions 0 170
Purchase of Furniture, Equipment and Leasehold Improvements (5,971) (1,540)
Net Cash Provided by (Used in) Investing Activities (4,874) (483)
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 49 2,750
Distributions to Noncontrolling Interests (6,414) (11,527)
Short-Term Borrowing 50,000 0
Repayment of Short-Term Borrowing (50,000) 0
Purchase of Treasury Stock and Noncontrolling Interests (94,459) (87,875)
Excess Tax Benefits Associated with Equity-Based Awards 29,460 6,581
Dividends - Class A Stockholders (17,878) (14,121)
Net Cash Provided by (Used in) Financing Activities (89,242) (104,192)
Effect of Exchange Rate Changes on Cash 1,433 (1,688)
Net Increase (Decrease) in Cash and Cash Equivalents (105,357) (111,996)
Cash and Cash Equivalents-Beginning of Period 298,453 259,431
Cash and Cash Equivalents-End of Period 193,096 147,435
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 6,400 5,616
Payments for Income Taxes 7,740 33,986
Furniture, Equipment and Leasehold Improvements Accrued 595 637
Increase (Decrease) in Fair Value of Redeemable Noncontrolling Interest 3,530 (921)
Dividend Equivalents Issued 3,096 3,041
Notes Exchanged for Equity in Subsidiary 0 1,042
Settlement of Contingent Consideration 7,232 1,000
Receipt of Marketable Securities in Settlement of Accounts Receivable 63 1,772
Commitment to Purchase Noncontrolling Interest 0 7,890
Purchase of Noncontrolling Interest 7,100 0
Contingent Consideration Accrued 2,243 0
Reclassification to Noncontrolling Interest $ 27,477 $ 0