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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities    
Net Income $ 418,223 $ 262,951
Adjustments to Reconcile Net Income to Net Cash Provided by (Used In) Operating Activities:    
Net (Gains) Losses on Investments, Investment Securities and Contingent Consideration (20,253) (30,153)
Equity Method Investments, Including (Gains) Losses on Sales and Redemptions (88) 7,461
Equity-Based and Other Deferred Compensation 507,958 432,511
Noncash Lease Expense 37,262 31,638
Depreciation, Amortization and Accretion, net 3,767 415
Bad Debt Expense 4,815 2,133
Deferred Taxes (9,220) (1,199)
Decrease (Increase) in Operating Assets:    
Investment Securities 15,763 24,116
Accounts Receivable (99,474) (41,705)
Receivable from Employees and Related Parties (4,644) (6,624)
Other Assets (52,008) (46,650)
(Decrease) Increase in Operating Liabilities:    
Accrued Compensation and Benefits (274,712) (329,246)
Accounts Payable and Accrued Expenses 9,033 8,355
Payables to Employees and Related Parties 11,620 3,372
Taxes Payable 1,952 (3,501)
Other Liabilities (100,997) (12,107)
Net Cash Provided by Operating Activities 448,997 301,767
Cash Flows From Investing Activities    
Investments Purchased (1,000) 0
Proceeds from Sale of Investments 0 18,113
Distributions of Private Equity Investments 1,270 0
Investment Securities:    
Proceeds from Sales and Maturities of Investment Securities 2,127,208 2,286,413
Purchases of Investment Securities (2,080,001) (2,069,022)
Maturity of Certificates of Deposit 106,781 129,081
Purchase of Certificates of Deposit (177,348) (168,685)
Purchase of Furniture, Equipment and Leasehold Improvements (65,140) (16,769)
Net Cash Provided by (Used in) Investing Activities (88,230) 179,131
Cash Flows From Financing Activities    
Issuance of Noncontrolling Interests 1,331 85
Distributions to Noncontrolling Interests (22,141) (24,633)
Payments Under Tax Receivable Agreement (597) (607)
Payment of Notes Payable (38,000) 0
Issuance of Notes Payable 250,000 0
Debt Issuance Costs (342) 0
Purchase of Treasury Stock and Noncontrolling Interests (487,550) (420,514)
Dividends (111,914) (104,982)
Net Cash Provided by (Used in) Financing Activities (409,213) (550,651)
Effect of Exchange Rate Changes on Cash 27,930 6,298
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (20,516) (63,455)
Cash, Cash Equivalents and Restricted Cash – Beginning of Period 882,107 605,484
Cash, Cash Equivalents and Restricted Cash – End of Period 861,591 542,029
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for Interest 10,352 9,886
Payments for Income Taxes 77,756 76,434
Accrued Dividends 11,633 12,145
Redemption of Luminis Interest $ 0 $ 7,305