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Revenues From Contracts With Customers (Tables)
12 Months Ended
Dec. 31, 2021
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 years ended December 31, 2021 and 2020 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Revenues from contracts with customers:

 

 

 

 

 

 

Commissions

 

$

809,500

 

 

$

760,627

 

Investment banking

 

 

1,565,381

 

 

 

952,308

 

Asset management

 

 

1,206,516

 

 

 

917,424

 

Other

 

 

34,239

 

 

 

48,529

 

Total revenue from contracts with customers

 

 

3,615,636

 

 

 

2,678,888

 

Other sources of revenue:

 

 

 

 

 

 

Interest

 

 

548,400

 

 

 

523,832

 

Principal transactions

 

 

581,164

 

 

 

588,303

 

Other

 

 

37,886

 

 

 

26,816

 

Total revenues

 

$

4,783,086

 

 

$

3,817,839

 

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 years ended December 31, 2021 and 2020 (in thousands):

 

 

Year Ended December 31, 2021

 

 

 

Global Wealth Management

 

 

Institutional Group

 

 

Other

 

 

Total

 

Major business activity:

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

567,491

 

 

$

242,009

 

 

$

 

 

$

809,500

 

Capital raising (1)

 

 

48,210

 

 

 

661,088

 

 

 

 

 

 

709,298

 

Advisory (1)

 

 

 

 

 

856,083

 

 

 

 

 

 

856,083

 

Investment banking

 

 

48,210

 

 

 

1,517,171

 

 

 

 

 

 

1,565,381

 

Asset management

 

 

1,206,406

 

 

 

110

 

 

 

 

 

 

1,206,516

 

Other

 

 

32,414

 

 

 

 

 

 

1,825

 

 

 

34,239

 

Total

 

 

1,854,521

 

 

 

1,759,290

 

 

 

1,825

 

 

 

3,615,636

 

Primary Geographic Region:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

1,854,521

 

 

 

1,433,213

 

 

 

1,825

 

 

 

3,289,559

 

United Kingdom

 

 

 

 

 

188,984

 

 

 

 

 

 

188,984

 

Canada

 

 

 

 

 

93,068

 

 

 

 

 

 

93,068

 

Other

 

 

 

 

 

44,025

 

 

 

 

 

 

44,025

 

 

 

$

1,854,521

 

 

$

1,759,290

 

 

$

1,825

 

 

$

3,615,636

 

 

 

 

Year Ended December 31, 2020

 

 

 

Global Wealth Management

 

 

Institutional Group

 

 

Other

 

 

Total

 

Major business activity:

 

 

 

 

 

 

 

 

 

 

 

 

Commissions

 

$

513,247

 

 

$

247,380

 

 

$

 

 

$

760,627

 

Capital raising (1)

 

 

36,005

 

 

 

488,152

 

 

 

 

 

 

524,157

 

Advisory (1)

 

 

19

 

 

 

428,132

 

 

 

 

 

 

428,151

 

Investment banking

 

 

36,024

 

 

 

916,284

 

 

 

 

 

 

952,308

 

Asset management

 

 

917,353

 

 

 

71

 

 

 

 

 

 

917,424

 

Other

 

 

45,438

 

 

 

 

 

 

3,091

 

 

 

48,529

 

Total

 

 

1,512,062

 

 

 

1,163,735

 

 

 

3,091

 

 

 

2,678,888

 

Primary Geographic Region:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

1,512,062

 

 

 

940,272

 

 

 

3,091

 

 

 

2,455,425

 

United Kingdom

 

 

 

 

 

143,960

 

 

 

 

 

 

143,960

 

Canada

 

 

 

 

 

40,446

 

 

 

 

 

 

40,446

 

Other

 

 

 

 

 

39,057

 

 

 

 

 

 

39,057

 

 

 

$

1,512,062

 

 

$

1,163,735

 

 

$

3,091

 

 

$

2,678,888

 

(1) Excludes revenues not derived from contracts with customers in the Other segment.