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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Operating Information, Segment | Information concerning operations in these segments of business for the three and six months ended June 30, 2022 and 2021 is as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net revenues: (1) |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 697,980 |  |  | $ | 637,567 |  |  | $ | 1,379,705 |  |  | $ | 1,269,062 |
Institutional Group |  |  | 411,364 |  |  |  | 520,811 |  |  |  | 842,727 |  |  |  | 1,026,892 |
Other |  |  | (1,218 | ) |  |  | (5,242 | ) |  |  | 2,221 |  |  |  | (8,029 | )
|  | $ | 1,108,126 |  |  | $ | 1,153,136 |  |  | $ | 2,224,653 |  |  | $ | 2,287,925 |
Income/(loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Global Wealth Management |  | $ | 245,152 |  |  | $ | 227,305 |  |  | $ | 470,565 |  |  | $ | 450,536 |
Institutional Group |  |  | 72,992 |  |  |  | 141,494 |  |  |  | 169,620 |  |  |  | 258,682 |
Other |  |  | (99,603 | ) |  |  | (104,774 | ) |  |  | (194,535 | ) |  |  | (217,301 | )
|  | $ | 218,541 |  |  | $ | 264,025 |  |  | $ | 445,650 |  |  | $ | 491,917 |
(1) No individual client accounted for more than 10 percent of total net revenues for the three and six months ended June 30, 2022 and 2021.
Schedule of Information of Total Assets on Segment Basis | The following table presents our company’s total assets on a segment basis at June 30, 2022 and December 31, 2021 (in thousands):
|  | June 30, 2022 |  |  | December 31, 2021 |
Global Wealth Management |  | $ | 31,251,497 |  |  | $ | 28,219,800 |
Institutional Group |  |  | 4,724,955 |  |  |  | 5,151,841 |
Other |  |  | 499,989 |  |  |  | 678,074 |
|  | $ | 36,476,441 |  |  | $ | 34,049,715 |
Schedule of Net Revenues Earned on Major Geographical Areas | Revenues, classified by the major geographic areas in which they were earned for the three and six months ended June 30, 2022 and 2021, were as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
United States |  | $ | 1,042,369 |  |  | $ | 1,058,541 |  |  | $ | 2,097,471 |  |  | $ | 2,074,436 |
United Kingdom |  |  | 49,992 |  |  |  | 58,507 |  |  |  | 93,856 |  |  |  | 119,725 |
Canada |  |  | 5,933 |  |  |  | 24,656 |  |  |  | 13,384 |  |  |  | 67,012 |
Other |  |  | 9,832 |  |  |  | 11,432 |  |  |  | 19,942 |  |  |  | 26,752 |
|  | $ | 1,108,126 |  |  | $ | 1,153,136 |  |  | $ | 2,224,653 |  |  | $ | 2,287,925 |

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