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Business Segment Information (Tables)

9 Months Ended

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

X

- 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.

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Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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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.

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