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Prior Periods Financial Statement Revisions - Summary of Revision of Consolidated Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:                          
Consolidated net income (loss) $ (12,744) $ 9,904 $ 39,273 $ 20,169 $ (33,475) $ (1,553) $ 22,307 $ 84,974 $ 59,442 $ 69,346 $ 56,602 $ 72,253 $ 286,610
Less: Consolidated net income from discontinued operations, net of tax                         (178,462)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:                          
Employee loan amortization and reserves on employee loans                     67,032 35,650 16,460
Equity-based compensation and allocations of net income to limited partnership units and FPUs                     183,545 170,625 200,057
Loss (gains) on other investments                     431 (18,163) (43,113)
Deferred tax provision (benefit)       2,686         2,622 6,798 (16,549) (4,196) (23,737)
Consolidated net income (loss), adjusted for non-cash and non-operating items       107,658         213,261 298,498 395,296 338,157 325,895
Decrease (increase) in operating assets:                          
Accrued commissions receivable, net       (60,582)         50,660 91,814 44,389 (22,287) (108,851)
Other assets       (7,928)         2,116 (15,099) (20,070) 5,239 (25,343)
Increase (decrease) in operating liabilities:                          
Accrued compensation                     13,752 (7,231) (49,853)
Accounts payable, accrued and other liabilities       (44,770)         (78,249) (39,488) 57,791 (17,878) 51,003
Repurchase agreements                       (986) 986
Payables to broker-dealers, clearing organizations, customers and related broker-dealers                     (235,605) (353,313) 167,443
Other                     2,730 (5,682) 4,445
Net cash provided by (used in) operating activities                     304,263 239,062 (67,345)
CASH FLOWS FROM INVESTING ACTIVITIES:                          
Net cash provided by (used in) investing activities                     (77,592) (40,602) 9,236
CASH FLOWS FROM FINANCING ACTIVITIES:                          
Net cash provided by (used in) financing activities                     (13,101) 18,246 50,888
Net cash provided by (used in) operating activities from discontinued operations                     0 0 (748,231)
Net cash provided by (used in) investing activities from discontinued operations                     0 0 18,347
Net cash provided by (used in) financing activities from discontinued operations                     0 0 367,931
Effect of exchange rate changes on Cash and cash equivalents, and Cash segregated under regulatory requirements       (13,496)         (14,286) (6,197) 993 2,630 (10,838)
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements       21,248         50,886 100,419 214,563 219,336 (380,012)
Cash and cash equivalents, and Cash segregated under regulatory requirements at beginning of period 736,533 687,000 657,362 636,114       416,778 636,114 636,114 636,114 416,778 796,790
Cash and cash equivalents, and Cash segregated under regulatory requirements at end of period 850,677 736,533 687,000 657,362 636,114       687,000 736,533 850,677 636,114 416,778
As Reported [Member]                          
CASH FLOWS FROM OPERATING ACTIVITIES:                          
Consolidated net income (loss)   24,930 39,559 21,032 (26,556) $ 2,560 $ 21,765 87,174 60,591 85,521   84,943 279,866
Less: Consolidated net income from discontinued operations, net of tax                         (176,169)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:                          
Employee loan amortization and reserves on employee loans                         13,015
Equity-based compensation and allocations of net income to limited partnership units and FPUs                       165,612 205,070
Loss (gains) on other investments                       (22,785) (38,491)
Deferred tax provision (benefit)       786         722 (1,202)   (1,803) (22,635)
Consolidated net income (loss), adjusted for non-cash and non-operating items       106,621         212,363 306,673   343,605 324,291
Decrease (increase) in operating assets:                          
Accrued commissions receivable, net       (59,682)         51,560 92,714   (12,418)  
Other assets       7,698         8,924 (14,782)   3,784 (30,924)
Reverse repurchase agreements                         986
Increase (decrease) in operating liabilities:                          
Accrued compensation                       (4,131) (52,953)
Accounts payable, accrued and other liabilities       (60,259)         (85,059) (48,880)   (34,840) 63,214
Payables to broker-dealers, clearing organizations, customers and related broker-dealers                         165,517
Net cash provided by (used in) operating activities                       239,062 (67,345)
CASH FLOWS FROM INVESTING ACTIVITIES:                          
Net cash provided by (used in) investing activities                       (40,602) 9,236
CASH FLOWS FROM FINANCING ACTIVITIES:                          
Net cash provided by (used in) financing activities                       18,246 50,888
Net cash provided by (used in) operating activities from discontinued operations                         (748,231)
Net cash provided by (used in) investing activities from discontinued operations                         18,347
Net cash provided by (used in) financing activities from discontinued operations                         367,931
Effect of exchange rate changes on Cash and cash equivalents, and Cash segregated under regulatory requirements       (13,496)         (14,286) (6,197)   2,630 (10,838)
Net increase (decrease) in Cash and cash equivalents, and Cash segregated under regulatory requirements       21,248         50,886 100,419   219,336 (380,012)
Cash and cash equivalents, and Cash segregated under regulatory requirements at beginning of period $ 736,533 687,000 657,362 636,114       $ 416,778 636,114 636,114 $ 636,114 416,778 796,790
Cash and cash equivalents, and Cash segregated under regulatory requirements at end of period   $ 736,533 $ 687,000 $ 657,362 $ 636,114       $ 687,000 $ 736,533   636,114 416,778
Adjustments [Member]                          
CASH FLOWS FROM OPERATING ACTIVITIES:                          
Consolidated net income (loss)                       (12,690) 6,744
Less: Consolidated net income from discontinued operations, net of tax                         (2,293)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:                          
Employee loan amortization and reserves on employee loans                         3,445
Equity-based compensation and allocations of net income to limited partnership units and FPUs                       5,013 (5,013)
Loss (gains) on other investments                       4,622 (4,622)
Deferred tax provision (benefit)                       (2,393) (1,102)
Consolidated net income (loss), adjusted for non-cash and non-operating items                       (5,448) 1,604
Decrease (increase) in operating assets:                          
Accrued commissions receivable, net                       (9,869)  
Other assets                       1,455 5,581
Reverse repurchase agreements                         (986)
Increase (decrease) in operating liabilities:                          
Accrued compensation                       (3,100) 3,100
Accounts payable, accrued and other liabilities                       $ 16,962 (12,211)
Repurchase agreements                         986
Payables to broker-dealers, clearing organizations, customers and related broker-dealers                         1,926
Other                         $ 4,445