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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule Of Operating Information, Segment

Information on reportable segments and reconciliation to consolidated net income available to common shareholders for the three and nine months ended September 30, 2025 and 2024 is as follows (in thousands):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Global Wealth Management
Net revenues		$	907,440			$	827,116			$	2,603,630			$	2,418,751
Compensation and benefits			441,626				403,205				1,284,159				1,185,682
Non-compensation operating expenses			123,164				122,208				544,360				341,445
Income before income taxes		$	342,650			$	301,703			$	775,111			$	891,624
Institutional Group
Net revenues			500,435				372,401				1,305,143				1,114,498
Compensation and benefits			297,106				224,556				807,388				679,341
Non-compensation operating expenses			114,038				106,048				319,993				307,438
Income before income taxes		$	89,291			$	41,797			$	177,762			$	127,719
Other
Net revenues			21,521				25,151				60,378				72,389
Compensation and benefits			101,088				90,304				255,429				255,456
Non-compensation operating expenses			66,328				61,689				194,592				174,033
Loss before income taxes		$	(145,895	)		$	(126,842	)		$	(389,643	)		$	(357,100	)
Consolidated
Net revenues (1)		$	1,429,396			$	1,224,668			$	3,969,151			$	3,605,638
Compensation and benefits			839,820				718,065				2,346,976				2,120,479
Non-compensation operating expenses			303,530				289,945				1,058,945				822,916
Income from operations before income tax expense		$	286,046			$	216,658			$	563,230			$	662,243

(1)No individual client accounted for more than 10 percent of total net revenues for the three and nine months ended September 30, 2025 and 2024.

Schedule Of Information Of Total Assets On Segment Basis

The following table presents our company’s total assets on a segment basis at September 30, 2025 and December 31, 2024 (in thousands):

		September 30, 2025				December 31, 2024
Global Wealth Management		$	36,152,186			$	34,894,973
Institutional Group			5,309,424				4,788,640
Other			225,750				211,927
		$	41,687,360			$	39,895,540

Schedule Of Net Revenues Earned On Major Geographical Areas

Net revenues, classified by the major geographic areas in which they were earned for the three and nine months ended September 30, 2025 and 2024, were as follows (in thousands):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
United States		$	1,349,681			$	1,167,463			$	3,753,964			$	3,415,635
United Kingdom			48,260				32,945				138,838				113,168
Canada			15,079				9,309				40,649				31,539
Other			16,376				14,951				35,700				45,296
		$	1,429,396			$	1,224,668			$	3,969,151			$	3,605,638

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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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