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Segment Operating Results (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Information Regarding Operations By Segment
The following information presents each segment's contribution.
 For the Three Months Ended September 30, For the Nine Months Ended September 30,
 2024202320242023
Investment Banking & Equities
Net Revenues(1)
$712,775 $552,641 $1,944,513 $1,589,698 
Operating Expenses589,083 479,429 1,638,289 1,356,853 
Other Expenses7,305 — 7,305 2,921 
Operating Income116,387 73,212 298,919 229,924 
Income from Equity Method Investments207 180 1,042 394 
Pre-Tax Income $116,594 $73,392 $299,961 $230,318 
Identifiable Segment Assets$3,432,220 $3,068,495 $3,432,220 $3,068,495 
Investment Management
Net Revenues(1)
$21,447 $17,579 $59,748 $52,084 
Operating Expenses15,841 13,965 44,311 40,562 
Operating Income5,606 3,614 15,437 11,522 
Income from Equity Method Investments865 1,484 4,212 4,280 
Pre-Tax Income$6,471 $5,098 $19,649 $15,802 
Identifiable Segment Assets$135,327 $157,303 $135,327 $157,303 
Total
Net Revenues(1)
$734,222 $570,220 $2,004,261 $1,641,782 
Operating Expenses604,924 493,394 1,682,600 1,397,415 
Other Expenses7,305 — 7,305 2,921 
Operating Income121,993 76,826 314,356 241,446 
Income from Equity Method Investments1,072 1,664 5,254 4,674 
Pre-Tax Income$123,065 $78,490 $319,610 $246,120 
Identifiable Segment Assets$3,567,547 $3,225,798 $3,567,547 $3,225,798 
(1)Net Revenues include Other Revenue, net, allocated to the segments as follows:
 For the Three Months Ended September 30, For the Nine Months Ended September 30,
 2024202320242023
Investment Banking & Equities(A)
$21,104 $5,729 $66,802 $46,472 
Investment Management892 275 1,294 2,247 
Total Other Revenue, net$21,996 $6,004 $68,096 $48,719 
(A)Other Revenue, net, from the Investment Banking & Equities segment includes interest expense on the Notes Payable and lines of credit of $4,198 and $12,575 for the three and nine months ended September 30, 2024, respectively, and $4,184 and $12,536 for the three and nine months ended September 30, 2023, 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 September 30, For the Nine Months Ended September 30,
 2024202320242023
Net Revenues:(1)
United States$502,176 $417,553 $1,491,922 $1,156,979 
Europe and Other209,222 145,065 442,905 425,137 
Latin America828 1,598 1,338 10,947 
Total$712,226 $564,216 $1,936,165 $1,593,063 
(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:
September 30, 2024December 31, 2023
Total Assets:
United States$2,986,676 $3,146,756 
Europe and Other580,871 556,542 
Total$3,567,547 $3,703,298