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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company’s reportable segments offer different products and services and are managed separately, as different levels and types of expertise are required to effectively manage the segments’ transactions. Each segment is reviewed to determine the allocation of resources and to assess its performance. The Company’s principal operating activities are included in its Financial Advisory and Asset Management business segments as described in Note 1. In addition, as described in Note 1, the Company records selected other activities in its Corporate segment.
The Company’s segment information for the three month and six month periods ended June 30, 2023 and 2022 is prepared using the following methodology:
•Revenue and expenses directly associated with each segment are included in determining operating income.
•Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other factors.
•Segment assets are based on those directly associated with each segment, and include an allocation of certain assets relating to various segments, based on the most relevant measures applicable, including headcount, square footage and other factors.
The Company records other revenue, interest income and interest expense among the various segments based on the segment in which the underlying asset or liability is reported.
Each segment’s operating expenses include (i) compensation and benefits expenses incurred directly in support of the businesses and (ii) other operating expenses, which include directly incurred expenses for occupancy and equipment, marketing and business development, technology and information services, professional services, fund administration and outsourced services and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, human resources, legal, facilities management and senior management activities.
Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Financial AdvisoryNet Revenue$352,477 $407,885 $630,051 $798,100 
Operating Expenses439,445 316,574 768,180 614,832 
Operating Income (Loss)$(86,968)$91,311 $(138,129)$183,268 
Asset ManagementNet Revenue$288,313 $289,151 $572,357 $627,652 
Operating Expenses269,219 232,546 517,270 474,062 
Operating Income$19,094 $56,605 $55,087 $153,590 
CorporateNet Revenue (Loss)$2,324 $(57,490)$(16,858)$(91,314)
Operating Expenses (Credit)44,523 (35,412)47,097 (40,022)
Operating Loss$(42,199)$(22,078)$(63,955)$(51,292)
TotalNet Revenue$643,114 $639,546 $1,185,550 $1,334,438 
Operating Expenses753,187 513,708 1,332,547 1,048,872 
Operating Income (Loss)$(110,073)$125,838 $(146,997)$285,566 
As Of
June 30, 2023December 31, 2022
Total Assets
Financial Advisory$1,122,573 $1,099,921 
Asset Management844,830 978,083 
Corporate2,635,534 3,774,557 
Total$4,602,937 $5,852,561