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Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Schedule of Total Revenues Broken Out by Revenues from Contracts with Customers and Other Sources of Revenues

The following table presents the Company’s total revenues broken out by revenues from contracts with customers and other sources of revenues for the three months ended March 31, 2020 and 2019 (in thousands):

		Three Months Ended March 31,
		2020				2019
Revenues from contracts with customers:
Commissions		$	211,098			$	155,449
Investment banking			179,468				161,840
Asset management and service fees			237,775				195,267
Other			4,767				3,782
Total revenue from contracts with customers			633,108				516,338
Other sources of revenue:
Interest			161,177				191,071
Principal transactions			138,666				104,032
Other			4,440				8,427
Total revenues		$	937,391			$	819,868

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 months ended March 31, 2020 and 2019 (in thousands):

		Three Months Ended March 31, 2020 (1)
		Global Wealth Management				Institutional Group				Other				Total
Major business activity:
Commissions (1)		$	136,897			$	74,198			$	3			$	211,098
Capital raising			10,314				93,082				—				103,396
Advisory fees			19				76,053				—				76,072
Investment banking			10,333				169,135				—				179,468
Asset management			237,760				15				—				237,775
Other			4,001				—				766				4,767
Total			388,991				243,348				769				633,108
Primary Geographic Region:
United States			388,991				198,043				769				587,803
United Kingdom			—				30,763				—				30,763
Other			—				14,542				—				14,542
		$	388,991			$	243,348			$	769			$	633,108

		Three Months Ended March 31, 2019 (1)
		Global Wealth Management				Institutional Group				Other				Total
Major business activity:
Commissions		$	109,927			$	45,522			$	—			$	155,449
Capital raising (1)			8,223				48,722				—				56,945
Advisory fees (1)			—				104,895				—				104,895
Investment banking			8,223				153,617				—				161,840
Asset management			195,253				14				—				195,267
Other			2,455				—				1,327				3,782
Total			315,858				199,153				1,327				516,338
Primary Geographic Region:
United States			315,858				176,740				1,327				493,925
United Kingdom			—				21,103				—				21,103
Other			—				1,310				—				1,310
		$	315,858			$	199,153			$	1,327			$	516,338

⁽¹⁾ Excludes revenues not derived from contracts with customers 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://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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X

- 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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