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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule Of Operating Information, Segment | Information on reportable segments and reconciliation to consolidated net income available to common shareholders for the years ended December 31, 2024, 2023, and 2022, is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Global Wealth Management |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 3,283,960 |  |  | $ | 3,049,962 |  |  | $ | 2,825,866 |
Compensation and benefits |  |  | 1,605,148 |  |  |  | 1,415,210 |  |  |  | 1,368,576 |
Non-compensation operating expenses |  |  | 470,870 |  |  |  | 418,930 |  |  |  | 389,719 |
Operating income |  | $ | 1,207,942 |  |  | $ | 1,215,822 |  |  | $ | 1,067,571 |
Institutional Group |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 1,592,833 |  |  | $ | 1,226,317 |  |  | $ | 1,536,017 |
Compensation and benefits |  |  | 959,602 |  |  |  | 841,671 |  |  |  | 929,606 |
Non-compensation operating expenses |  |  | 409,831 |  |  |  | 382,546 |  |  |  | 352,279 |
Operating income |  | $ | 223,400 |  |  | $ | 2,100 |  |  | $ | 254,132 |
Other |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 93,527 |  |  | $ | 72,665 |  |  | $ | 29,556 |
Compensation and benefits |  |  | 351,479 |  |  |  | 297,700 |  |  |  | 288,050 |
Non-compensation operating expenses |  |  | 244,946 |  |  |  | 286,195 |  |  |  | 178,093 |
Operating loss |  | $ | (502,898 | ) |  | $ | (511,230 | ) |  | $ | (436,587 | )
Consolidated |  |  |  |  |  |  |  |  |
Net revenues (1) |  | $ | 4,970,320 |  |  | $ | 4,348,944 |  |  | $ | 4,391,439 |
Compensation and benefits |  |  | 2,916,229 |  |  |  | 2,554,581 |  |  |  | 2,586,232 |
Non-compensation operating expenses |  |  | 1,125,647 |  |  |  | 1,087,671 |  |  |  | 920,091 |
Operating income |  | $ | 928,444 |  |  | $ | 706,692 |  |  | $ | 885,116 |
(1) No individual client accounted for more than 10 percent of total net revenues for the years ended December 31, 2024, 2023, and 2022.
Schedule Of Information Of Total Assets On Segment Basis | The following table presents our company’s total assets on a segment basis at December 31, 2024 and 2023 (in thousands):
|  | December 31, |
|  | 2024 |  |  | 2023 |
Global Wealth Management |  | $ | 34,894,973 |  |  | $ | 32,773,613 |
Institutional Group |  |  | 4,788,640 |  |  |  | 4,564,058 |
Other |  |  | 211,927 |  |  |  | 389,789 |
|  | $ | 39,895,540 |  |  | $ | 37,727,460 |
Schedule Of Net Revenues Earned On Major Geographical Areas | Revenues, classified by the major geographic areas in which they were earned for the years ended December 31, 2024, 2023, and 2022, were as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
United States |  | $ | 4,705,379 |  |  | $ | 4,095,476 |  |  | $ | 4,125,563 |
United Kingdom |  |  | 158,810 |  |  |  | 152,125 |  |  |  | 192,985 |
Canada |  |  | 40,536 |  |  |  | 40,034 |  |  |  | 29,268 |
Other |  |  | 65,595 |  |  |  | 61,309 |  |  |  | 43,623 |
|  | $ | 4,970,320 |  |  | $ | 4,348,944 |  |  | $ | 4,391,439 |

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