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Revenues from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2018

Revenue From Contract With Customer [Abstract]

Schedule of Total Revenues Separated between Revenues from Contracts with Customers and Other Sources of Revenues

The following table presents the Company’s total revenues separated between revenues from contracts with customers and other sources of revenues for the three and six months ended June 30, 2018 (in thousands):

		Three Months Ended June 30, 2018				Six Months Ended June 30, 2018
Revenues from contracts with customers:
Commissions		$	166,902			$	332,677
Investment banking			161,063				337,425
Asset management and service fees			199,568				395,369
Other			3,796				7,514
Total revenue from contracts with customers			531,329				1,072,985
Other sources of revenue:
Interest			154,421				292,155
Principal transactions			88,984				186,766
Other			5,277				4,916
Total revenues		$	780,011			$	1,556,822

Revenues from Contracts with Customers Disaggregated by Major Business Activity and Primary Geographic Regions

The following tables present the Company’s revenues from contracts with customers by reportable segment disaggregated by major business activity and primary geographic regions for the three and six months ended June 30, 2018 (in thousands):

		Three Months Ended June 30, 2018 (1)
		Global Wealth Management				Institutional Group				Total
Major business activity:
Commissions		$	118,129			$	48,773			$	166,902
Investment banking - capital raising			7,968				66,112				74,080
Investment banking - advisory fees			81				86,922				87,003
Asset management			199,557				11				199,568
Other			3,796				—				3,796
Total			329,531				201,818				531,349
Primary Geographic Region:
United States			329,531				173,415				502,946
Europe			—				25,953				25,953
Other			—				2,450				2,450
		$	329,531			$	201,818			$	531,349

		Six Months Ended June 30, 2018 (1)
		Global Wealth Management				Institutional Group				Total
Major business activity:
Commissions		$	237,334			$	95,343			$	332,677
Investment banking - capital raising			15,656				137,113				152,769
Investment banking - advisory fees			81				184,595				184,676
Asset management			395,346				23				395,369
Other			7,514				—				7,514
Total			655,931				417,074				1,073,005
Primary Geographic Region:
United States			655,931				349,765				1,005,696
Europe			—				63,832				63,832
Other			—				3,477				3,477
		$	655,931			$	417,074			$	1,073,005

⁽¹⁾  Excludes revenue included in the Other segment.

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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- Definition

Tabular disclosure of revenue by reporting categories or types of financial instruments, including derivatives but excluding dividends and interests, from trading for own account by broker dealers.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=35711157&loc=d3e42567-110969

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