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Revenue (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue recognized by the Company for the three and nine months ended September 30, 2018:

	For the Three Months Ended September 30, 2018				For the Nine Months Ended September 30, 2018
Investment Banking:
Advisory Fees	$	305,949			$	1,047,259
Underwriting Fees	11,440				62,784
Commissions and Related Fees	45,337				139,447
Total Investment Banking	$	362,726			$	1,249,490
Investment Management:
Asset Management and Administration Fees:
Wealth Management	$	11,560			$	33,826
Institutional Asset Management	1,118				2,777
Total Investment Management	$	12,678			$	36,603

Contract with Customer, Asset and Liability [Table Text Block]

The change in the Company’s contract assets and liabilities during the period primarily reflects timing differences between the Company’s performance and the client’s payment. The Company’s receivables, contract assets and deferred revenue (contract liabilities) for the nine months ended September 30, 2018 are as follows:

	Receivables (Current)(1)				Receivables (Long-term)(2)				Contract Assets (Current)(3)				Contract Assets (Long-term)(4)				Deferred Revenue (Current Contract Liabilities)(5)				Deferred Revenue (Long-term Contract Liabilities)(6)
Balance at January 1, 2018	$	184,993			$	34,008			$	—			$	—			$	3,147			$	1,834
Increase (Decrease)	47,263				19,728				46,960				3,869				7,011				(103		)
Balance at September 30, 2018	$	232,256			$	53,736			$	46,960			$	3,869			$	10,158			$	1,731

(1) Included in Accounts Receivable on the Unaudited Condensed Consolidated Statements of Financial Condition.

(2) Included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(3) Included in Other Current Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(4) Included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.

(5) Included in Other Current Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

(6) Included in Other Long-term Liabilities on the Unaudited Condensed Consolidated Statements of Financial Condition.

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130551-203045

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130545-203045

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- References

No definition available.

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