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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities      
Net Income $ 417,737 $ 285,223 $ 531,415
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration (33,682) (34,671) 16,458
Equity Method Investments, Including (Gains) Losses on Sales and Redemptions 7,385 (192) 3,038
Equity-Based and Other Deferred Compensation 569,734 515,381 467,339
Noncash Lease Expense 41,792 42,153 41,534
Depreciation, Amortization and Accretion, net (387) 2,388 28,651
Bad Debt Expense 2,334 5,559 5,513
Deferred Taxes 8,074 (2,894) (855)
Decrease (Increase) in Operating Assets:      
Investment Securities 30,839 11,635 (1,777)
Accounts Receivable (54,589) 11,273 (46,084)
Receivable from Employees and Related Parties (7,919) (3,758) 3,188
Other Assets 6,797 (4,759) (116,838)
(Decrease) Increase in Operating Liabilities:      
Accrued Compensation and Benefits 17,754 (325,732) (353,201)
Accounts Payable and Accrued Expenses 1,743 (966) (1,093)
Payables to Employees and Related Parties 5,446 (8,734) 12,642
Taxes Payable (643) (4,557) (11,138)
Other Liabilities (24,264) (29,395) (47,416)
Net Cash Provided by Operating Activities 988,151 457,954 531,376
Cash Flows From Investing Activities      
Investments Purchased (22) (37) (80)
Proceeds from Sale of Investments 18,113 0 18,300
Distributions of Private Equity Investments 0 105 238
Investment Securities:      
Proceeds from Sales and Maturities of Investment Securities 3,066,469 3,279,088 3,160,061
Purchases of Investment Securities (3,108,767) (3,313,200) (2,850,658)
Maturity of Certificates of Deposit 172,297 177,446 281,386
Purchase of Certificates of Deposit (185,420) (107,733) (272,757)
Purchase of Furniture, Equipment and Leasehold Improvements (30,101) (20,048) (23,187)
Net Cash Provided by (Used in) Investing Activities (67,431) 15,621 313,303
Cash Flows From Financing Activities      
Issuance of Noncontrolling Interests 85 733 300
Distributions to Noncontrolling Interests (30,848) (27,293) (45,548)
Payments Under Tax Receivable Agreement (11,427) (10,843) (10,944)
Payment of Notes Payable 0 0 (67,000)
Issuance of Notes Payable 0 0 67,000
Debt Issuance Costs and Make-Whole Amount 0 0 (1,826)
Purchase of Treasury Stock and Noncontrolling Interests (450,530) (391,964) (550,293)
Dividends (135,832) (127,864) (127,257)
Net Cash Provided by (Used in) Financing Activities (628,552) (557,231) (735,568)
Effect of Exchange Rate Changes on Cash (15,545) 17,017 (24,281)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 276,623 (66,639) 84,830
Cash, Cash Equivalents and Restricted Cash – Beginning of Period 605,484 672,123 587,293
Cash, Cash Equivalents and Restricted Cash – End of Period 882,107 605,484 672,123
SUPPLEMENTAL CASH FLOW DISCLOSURE      
Payments for Interest 16,214 16,181 16,857
Payments for Income Taxes 98,201 74,639 217,696
Accrued Dividends 16,159 17,054 15,236
Redemption of Luminis Interest 7,305 0 0
Settlement of Sale of Trilantic VI 0 0 9,188
Settlement of Contingent Consideration $ 0 $ 0 $ 1,083