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Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2023

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 revenue for the three months ended March 31, 2023 and 2022 (in thousands):


		Three Months Ended March 31,
		2023				2022
Revenues from contracts with customers:
Commissions		$	169,550			$	195,909
Investment banking			211,879				254,846
Asset management			315,569				341,636
Other			1,227				2,175
Total revenue from contracts with customers			698,225				794,566
Other sources of revenue:
Interest			451,564				165,435
Principal transactions			115,522				159,270
Other			(3,520	)			6,713
Total revenues		$	1,261,791			$	1,125,984

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, 2023 and 2022 (in thousands):


		Three Months Ended March 31, 2023 (1)
		Global Wealth Management				Institutional Group				Other				Total
Major Business Activity:
Commissions		$	110,191			$	59,359			$	—			$	169,550
Capital raising			4,158				56,658				—				60,816
Advisory			—				151,063				—				151,063
Investment banking			4,158				207,721				—				211,879
Asset management			315,537				32				—				315,569
Other			1,184				—				43				1,227
Total			431,070				267,112				43				698,225
Primary Geographic Region:
United States			431,070				210,877				43				641,990
United Kingdom			—				23,383				—				23,383
Canada			—				22,523				—				22,523
Other			—				10,329				—				10,329
		$	431,070			$	267,112			$	43			$	698,225


		Three Months Ended March 31, 2022 (1)
		Global Wealth Management				Institutional Group				Other				Total
Major Business Activity:
Commissions		$	130,776			$	65,133			$	—			$	195,909
Capital raising			5,147				68,303				—				73,450
Advisory			—				181,396				—				181,396
Investment banking			5,147				249,699				—				254,846
Asset management			341,613				23				—				341,636
Other			2,122				—				53				2,175
Total			479,658				314,855				53				794,566
Primary Geographic Region:
United States			479,658				262,586				53				742,297
United Kingdom			—				34,308				—				34,308
Canada			—				9,341				—				9,341
Other			—				8,620				—				8,620
		$	479,658			$	314,855			$	53			$	794,566

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