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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | The following table presents revenue recognized by the Company for the years ended December 31, 2019 and 2018:
| For the Years Ended December 31,
| 2019 |  | 2018
Investment Banking: |  |  |
Advisory Fees | $ | 1,653,585 |  |  | $ | 1,743,473 |
Underwriting Fees | 89,681 |  |  | 71,691 |
Commissions and Related Fees | 189,506 |  |  | 200,015 |
Total Investment Banking | $ | 1,932,772 |  |  | $ | 2,015,179 |
Investment Management: |  |  |
Asset Management and Administration Fees: |  |  |
Wealth Management | $ | 48,083 |  |  | $ | 44,875 |
Institutional Asset Management | 2,528 |  |  | 3,371 |
Total Investment Management | $ | 50,611 |  |  | $ | 48,246 |
Contract with Customer, Asset and Liability [Table Text Block] | The change in the Company’s contract assets and liabilities during the periods 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 years ended December 31, 2019 and 2018 are as follows:
| For the Year Ended December 31, 2019
| Receivables (Current)(1) |  | Receivables (Long-term)(2) |  | Contract Assets (Current)(3) |  | Contract Assets (Long-term)(2) |  | Deferred Revenue (Current Contract Liabilities)(4) |  | Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2019 | $ | 309,075 |  |  | $ | 60,948 |  |  | $ | 2,833 |  |  | $ | 541 |  |  | $ | 4,016 |  |  | $ | 1,731 |
Increase (Decrease) | (12,720 | ) |  | 2,606 |  |  | 28,692 |  |  | 1,963 |  |  | (1,524 | ) |  | (1,116 | )
Balance at December 31, 2019 | $ | 296,355 |  |  | $ | 63,554 |  |  | $ | 31,525 |  |  | $ | 2,504 |  |  | $ | 2,492 |  |  | $ | 615 |
| For the Year Ended December 31, 2018
| Receivables (Current)(1) |  | Receivables (Long-term)(2) |  | Contract Assets (Current)(3) |  | Contract Assets (Long-term)(2) |  | Deferred Revenue (Current Contract Liabilities)(4) |  | Deferred Revenue (Long-term Contract Liabilities)(5)
Balance at January 1, 2018 | $ | 184,993 |  |  | $ | 34,008 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,147 |  |  | $ | 1,834 |
Increase (Decrease) | 124,082 |  |  | 26,940 |  |  | 2,833 |  |  | 541 |  |  | 869 |  |  | (103 | )
Balance at December 31, 2018 | $ | 309,075 |  |  | $ | 60,948 |  |  | $ | 2,833 |  |  | $ | 541 |  |  | $ | 4,016 |  |  | $ | 1,731 |
(1) | Included in Accounts Receivable on the Consolidated Statements of Financial Condition.
(2) | Included in Other Assets on the Consolidated Statements of Financial Condition.
(3) | Included in Other Current Assets on the Consolidated Statements of Financial Condition.
(4) | Included in Other Current Liabilities on the Consolidated Statements of Financial Condition.
(5) Included in Other Long-term Liabilities on the Consolidated Statements of Financial Condition.

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