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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule Of Financial Information About Business Segments | The following tables highlight certain financial information about each of the business segments for the three months ended September 30, 2024 and 2023:
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Three Months Ended September 30, 2024
Revenues | $ | 138,734 |  |  | $ | 126,836 |  |  | $ | 71,626 |  |  | $ | 184,607 |  |  | $ | 15,593 |  |  | $ | 537,396 |
Expenses | 115,097 |  |  | 70,152 |  |  | 37,851 |  |  | 114,118 |  |  | 18,440 |  |  | 355,658 |
Operating profit (loss) | $ | 23,637 |  |  | $ | 56,684 |  |  | $ | 33,775 |  |  | $ | 70,489 |  |  | $ | (2,847) |  |  | $ | 181,738 |
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Three Months Ended September 30, 2023
Revenues | $ | 119,664 |  |  | $ | 110,461 |  |  | $ | 70,479 |  |  | $ | 162,982 |  |  | $ | 13,173 |  |  | $ | 476,759 |
Expenses | 111,207 |  |  | 64,280 |  |  | 39,953 |  |  | 103,585 |  |  | 18,265 |  |  | 337,290 |
Operating profit (loss) | $ | 8,457 |  |  | $ | 46,181 |  |  | $ | 30,526 |  |  | $ | 59,397 |  |  | $ | (5,092) |  |  | $ | 139,469 |
The following tables highlight certain financial information about each of business segment for the nine months ended September 30, 2024 and 2023:
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Nine Months Ended September 30, 2024
Revenues | $ | 401,272 |  |  | $ | 370,141 |  |  | $ | 214,911 |  |  | $ | 537,128 |  |  | $ | 44,509 |  |  | $ | 1,567,961 |
Expenses | 339,961 |  |  | 206,063 |  |  | 116,386 |  |  | 334,955 |  |  | 55,403 |  |  | 1,052,768 |
Operating profit (loss) | $ | 61,311 |  |  | $ | 164,078 |  |  | $ | 98,525 |  |  | $ | 202,173 |  |  | $ | (10,894) |  |  | $ | 515,193 |
| Private Banks |  | Investment Advisors |  | Institutional Investors |  | Investment Managers |  | Investments In New Businesses |  | Total
| For the Nine Months Ended September 30, 2023
Revenues | $ | 372,980 |  |  | $ | 326,579 |  |  | $ | 219,914 |  |  | $ | 476,683 |  |  | $ | 38,779 |  |  | $ | 1,434,935 |
Expenses | 337,834 |  |  | 192,004 |  |  | 126,337 |  |  | 308,483 |  |  | 52,919 |  |  | 1,017,577 |
Operating profit (loss) | $ | 35,146 |  |  | $ | 134,575 |  |  | $ | 93,577 |  |  | $ | 168,200 |  |  | $ | (14,140) |  |  | $ | 417,358 |
Schedule of Reconciliation of Total Operating Profit Reported for Business Segments to Income from Operations in Consolidated Statements of Operations | A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the three months ended September 30, 2024 and 2023 is as follows:
| 2024 |  | 2023
Total operating profit from segments | $ | 181,738 |  |  | $ | 139,469 |
Corporate overhead expenses | (37,906) |  |  | (30,997) |
Income from operations | $ | 143,832 |  |  | $ | 108,472 |
A reconciliation of the total operating profit reported for the business segments to income from operations in the Consolidated Statements of Operations for the nine months ended September 30, 2024 and 2023:
| 2024 |  | 2023
Total operating profit from segments | $ | 515,193 |  |  | $ | 417,358 |
Corporate overhead expenses | (108,996) |  |  | (94,518) |
Income from operations | $ | 406,197 |  |  | $ | 322,840 |
Schedule of Additional Information Pertaining to Business Segments | The following tables provide additional information for the three months ended September 30, 2024 and 2023 pertaining to the business segments:
| Capital Expenditures (1) |  | Depreciation
| 2024 |  | 2023 |  | 2024 |  | 2023
Private Banks | $ | 2,764 |  |  | $ | 7,580 |  |  | $ | 2,620 |  |  | $ | 5,565 |
Investment Advisors | 1,092 |  |  | 3,545 |  |  | 2,254 |  |  | 540 |
Institutional Investors | 740 |  |  | 390 |  |  | 614 |  |  | 338 |
Investment Managers | 7,196 |  |  | 2,804 |  |  | 1,659 |  |  | 2,227 |
Investments in New Businesses | 124 |  |  | 262 |  |  | 186 |  |  | 280 |
Total from business segments | $ | 11,916 |  |  | $ | 14,581 |  |  | $ | 7,333 |  |  | $ | 8,950 |
Corporate overhead | 222 |  |  | 307 |  |  | 1,008 |  |  | 247 |
| $ | 12,138 |  |  | $ | 14,888 |  |  | $ | 8,341 |  |  | $ | 9,197 |
(1) Capital expenditures include additions to property and equipment and capitalized software.
| Amortization
| 2024 |  | 2023
Private Banks | $ | 5,147 |  |  | $ | 4,852 |
Investment Advisors | 2,169 |  |  | 1,933 |
Institutional Investors | 1,851 |  |  | 1,834 |
Investment Managers | 80 |  |  | 209 |
Investments in New Businesses | 1,096 |  |  | 895 |
Total from business segments | $ | 10,343 |  |  | $ | 9,723 |
Corporate overhead | 70 |  |  | 74 |
| $ | 10,413 |  |  | $ | 9,797 |
The following tables provide additional information for the nine months ended September 30, 2024 and 2023:
| Capital Expenditures (2) |  | Depreciation
| 2024 |  | 2023 |  | 2024 |  | 2023
Private Banks | $ | 13,782 |  |  | $ | 24,652 |  |  | $ | 8,356 |  |  | $ | 16,370 |
Investment Advisors | 6,244 |  |  | 11,499 |  |  | 6,625 |  |  | 1,557 |
Institutional Investors | 2,589 |  |  | 1,495 |  |  | 1,816 |  |  | 922 |
Investment Managers | 21,260 |  |  | 9,962 |  |  | 4,874 |  |  | 6,268 |
Investments in New Businesses | 713 |  |  | 806 |  |  | 528 |  |  | 735 |
Total from business segments | $ | 44,588 |  |  | $ | 48,414 |  |  | $ | 22,199 |  |  | $ | 25,852 |
Corporate Overhead | 1,029 |  |  | 1,284 |  |  | 2,898 |  |  | 657 |
| $ | 45,617 |  |  | $ | 49,698 |  |  | $ | 25,097 |  |  | $ | 26,509 |
(2) Capital expenditures include additions to property and equipment and capitalized software.
| Amortization
| 2024 |  | 2023
Private Banks | $ | 15,347 |  |  | $ | 14,216 |
Investment Advisors | 6,439 |  |  | 5,698 |
Institutional Investors | 5,619 |  |  | 5,486 |
Investment Managers | 161 |  |  | 566 |
Investments in New Businesses | 3,461 |  |  | 2,685 |
Total from business segments | $ | 31,027 |  |  | $ | 28,651 |
Corporate Overhead | 257 |  |  | 200 |
| $ | 31,284 |  |  | $ | 28,851 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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