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Current Expected Credit Losses (CECL) (Tables)

9 Months Ended

Sep. 30, 2022

Credit Loss [Abstract]

Schedule of Current Expected Credit Losses

During the three and nine months ended September 30, 2022 and 2021, the Company recorded increases in the CECL reserve as follows (in millions):

			Accrued commissions and other receivables, net						Loans, forgivable loans and other receivables from employees and partners, net						Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, July 1, 2022			$	4.8					$	3.3					$	6.9					$	15.0
Current-period provision for expected credit losses			(0.2)						(0.1)						0.1						(0.2)
Ending balance, September 30, 2022			$	4.6					$	3.2					$	7.0					$	14.8

			Accrued commissions and other receivables, net						Loans, forgivable loans and other receivables from employees and partners, net						Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, January 1, 2022			$	0.7					$	1.7					$	—					$	2.4
Current-period provision for expected credit losses			3.9						1.5						7.0						12.4
Ending balance, September 30, 2022			$	4.6					$	3.2					$	7.0					$	14.8

			Accrued commissions and other receivables, net						Loans, forgivable loans and other receivables from employees and partners, net						Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, July 1, 2021			$	1.0					$	1.7					$	—					$	2.7
Current-period provision for expected credit losses			(0.1)						—						—						(0.1)
Ending balance, September 30, 2021			$	0.9					$	1.7					$	—					$	2.6

			Accrued commissions and other receivables, net						Loans, forgivable loans and other receivables from employees and partners, net						Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, January 1, 2021			$	1.0					$	1.6					$	—					$	2.6
Current-period provision for expected credit losses			(0.1)						0.1						—						—
Ending balance, September 30, 2021			$	0.9					$	1.7					$	—					$	2.6

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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X

- References

No definition available.

+ Details

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