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Segment Operating Results (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Information Regarding Operations By Segment
The following information presents each segment's contribution.
 For the Three Months Ended June 30, For the Six Months Ended June 30,
 2023202220232022
Investment Banking & Equities
Net Revenues(1)
$482,246 $615,250 $1,037,057 $1,319,551 
Operating Expenses428,344 470,540 877,424 971,112 
Other Expenses— 532 2,921 532 
Operating Income53,902 144,178 156,712 347,907 
Income from Equity Method Investments143 164 214 538 
Pre-Tax Income $54,045 $144,342 $156,926 $348,445 
Identifiable Segment Assets$2,900,384 $2,859,302 $2,900,384 $2,859,302 
Investment Management
Net Revenues(1)
$17,173 $15,667 $34,505 $34,220 
Operating Expenses13,359 13,663 26,597 26,581 
Operating Income3,814 2,004 7,908 7,639 
Income from Equity Method Investments1,399 2,110 2,796 4,248 
Pre-Tax Income$5,213 $4,114 $10,704 $11,887 
Identifiable Segment Assets$151,060 $152,186 $151,060 $152,186 
Total
Net Revenues(1)
$499,419 $630,917 $1,071,562 $1,353,771 
Operating Expenses441,703 484,203 904,021 997,693 
Other Expenses— 532 2,921 532 
Operating Income57,716 146,182 164,620 355,546 
Income from Equity Method Investments1,542 2,274 3,010 4,786 
Pre-Tax Income$59,258 $148,456 $167,630 $360,332 
Identifiable Segment Assets$3,051,444 $3,011,488 $3,051,444 $3,011,488 
(1)Net Revenues include Other Revenue, net, allocated to the segments as follows:
 For the Three Months Ended June 30, For the Six Months Ended June 30,
 2023202220232022
Investment Banking & Equities(A)
$19,442 $(26,996)$40,743 $(34,463)
Investment Management598 (301)1,972 1,137 
Total Other Revenue, net$20,040 $(27,297)$42,715 $(33,326)
(A)Other Revenue, net, from the Investment Banking & Equities segment includes interest expense on the Notes Payable and lines of credit of $4,181 and $8,352 for the three and six months ended June 30, 2023, respectively, and $4,258 and $8,508 for the three and six months ended June 30, 2022, respectively.
Revenues Derived from Clients by Geographical Areas
The Company's revenues were derived from clients located and managed in the following geographical areas:
 For the Three Months Ended June 30, For the Six Months Ended June 30,
 2023202220232022
Net Revenues:(1)
United States$344,238 $423,189 $739,426 $1,033,920 
Europe and Other127,545 234,968 280,072 347,033 
Latin America7,596 57 9,349 6,144 
Total$479,379 $658,214 $1,028,847 $1,387,097 
(1)Excludes Other Revenue, Including Interest and Investments, and Interest Expense.
Assets by Geographic Areas
The Company's total assets are located in the following geographical areas:
June 30, 2023December 31, 2022
Total Assets:
United States$2,588,041 $2,902,153 
Europe and Other463,403 718,770 
Total$3,051,444 $3,620,923