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Revenues from Contracts with Customers (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2018 (in thousands):

		Three Months Ended September 30, 2018				Nine Months Ended September 30, 2018
Revenues from contracts with customers:
Commissions		$	158,016			$	490,693
Investment banking			169,012				506,437
Asset management and service fees			200,743				596,112
Other			4,394				11,908
Total revenue from contracts with customers			532,165				1,605,150
Other sources of revenue:
Interest			169,760				461,915
Principal transactions			83,152				269,918
Other			1,733				6,649
Total revenues		$	786,810			$	2,343,632

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 nine months ended September 30, 2018 (in thousands):

		Three Months Ended September 30, 2018 (1)
		Global Wealth Management				Institutional Group				Total
Major business activity:
Commissions		$	117,795			$	40,220			$	158,015
Investment banking - capital raising			7,722				85,553				93,275
Investment banking - advisory fees			—				75,717				75,717
Asset management			200,735				8				200,743
Other			4,394				—				4,394
Total			330,646				201,498				532,144
Primary Geographic Region:
United States			330,646				172,382				503,028
Europe			—				28,197				28,197
Other			—				919				919
		$	330,646			$	201,498			$	532,144

		Nine Months Ended September 30, 2018 (1)
		Global Wealth Management				Institutional Group				Total
Major business activity:
Commissions		$	355,129			$	135,563			$	490,692
Investment banking - capital raising			23,378				222,666				246,044
Investment banking - advisory fees			81				260,312				260,393
Asset management			596,081				31				596,112
Other			11,908				—				11,908
Total			986,577				618,572				1,605,149
Primary Geographic Region:
United States			986,577				522,147				1,508,724
Europe			—				92,029				92,029
Other			—				4,396				4,396
		$	986,577			$	618,572			$	1,605,149

⁽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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