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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated net income (loss) $ 97,431 $ 51,116 $ 81,729
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:      
Fixed asset depreciation and intangible asset amortization 22,318 19,503  
Amortization of mortgage servicing rights, net 17,999 13,937  
Employee loan amortization and reserves on employee loans 7,578 7,663  
Equity-based compensation and allocations of net income to limited partnership units and FPUs 57,998 70,716  
Deferred compensation expense 2,379 3,777  
Gain on originated mortgage servicing rights (6,389) (28,806)  
Unrealized losses (gains) on loans held for sale (15,126) (2,102)  
Loan originations - loans held for sale (1,410,690) (1,842,357)  
Loan sales - loans held for sale 822,812 2,139,634  
Losses (gains) on equity method investments (5,801) (237)  
Amortization of discount (premium) on notes payable (255) (369)  
Unrealized (gain) loss on marketable securities (8,090) (4,725)  
Impairment of fixed assets, intangible assets and investments 56 1,424  
Deferred tax provision (benefit) 579 4,587  
Realized losses (gains) on marketable securities (3,336) (1,222)  
Change in estimated acquisition earn-out payables (506) (1,042)  
Loss (gain) on other investments (21,210)    
Other   (617)  
Consolidated net income (loss), adjusted for non-cash and non-operating items (442,253) 430,880  
Decrease (increase) in operating assets:      
Reverse repurchase agreements   54,659  
Securities owned (56,350) 1,269  
Securities borrowed (309)    
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers (661,863) (1,168,166)  
Accrued commissions and other receivables, net (94,204) (22,306)  
Loans, forgivable loans and other receivables from employees and partners, net (40,876) (17,479)  
Receivables from related parties (3,301) (3,325)  
Other assets (17,463) (6,422)  
Increase (decrease) in operating liabilities:      
Repurchase agreements 985 4,869  
Securities loaned (109,778) 87,293  
Accrued compensation (23,916) (54,946)  
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 612,283 1,138,003  
Payables to related parties 4,694 (10,775)  
Accounts payable, accrued and other liabilities (384) (9,263)  
Net cash provided by (used in) operating activities (832,735) 424,291  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of fixed assets (9,970) (9,977)  
Capitalization of software development costs (11,221) (4,704)  
Purchase of equity and cost method investments (7,678) (521)  
Proceeds from equity method investments 1,814    
Payments for acquisitions, net of cash and restricted cash acquired   14,436  
Purchase of mortgage servicing rights (509)    
Proceeds from sale of marketable securities 123,541 7,829  
Capitalization of trademarks, patent defense and registration costs   (124)  
Net cash (used in) provided by investing activities 95,977 6,939  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of notes payable and other borrowings (274,311) (1,753)  
Proceeds from warehouse notes payable 1,410,690 1,842,357  
Repayments on warehouse notes payable (820,651) (1,879,963)  
Advances from related parties   241,000  
Repayments to related parties   (483,000)  
Earnings distributions (51,225) (36,158)  
Redemption and repurchase of limited partnership interests (1,732) (14,183)  
Dividends to stockholders (55,576) (45,124)  
Repurchase of Class A common stock   (6,120)  
Cancellation of restricted stock units in satisfaction of withholding tax requirements   (52)  
Proceeds from issuance of Class A common stock, net of costs 246,704    
Loan from related parties 180,000    
Payments on acquisitions earn-outs (5,062) (10,153)  
Net cash (used in) provided by financing activities 628,837 (393,149)  
Effect of exchange rate changes on cash and cash equivalents and Cash segregated under regulatory requirements 3,870 2,127  
Net (decrease) increase in cash and cash equivalents and Cash segregated under regulatory requirements (104,051) 40,208  
Cash and cash equivalents and Cash segregated under regulatory requirements at beginning of period 796,790 593,435 593,435
Cash and cash equivalents and Cash segregated under regulatory requirements at end of period 692,739 633,643 $ 796,790
Supplemental cash information:      
Cash paid during the period for taxes 12,959 5,824  
Cash paid during the period for interest 24,269 15,979  
Supplemental non-cash information:      
Issuance of Class A common stock upon exchange of limited partnership interests 40,754 35,592  
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions $ 4,027 $ 4,635