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Condensed Consolidated Statements of Financial Condition - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 559,587 $ 484,989
Cash segregated under regulatory requirements 16,407 17,021
Financial instruments owned, at fair value 45,453 39,319
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers 1,175,253 559,680
Accrued commissions and other receivables, net 320,521 288,471
Loans, forgivable loans and other receivables from employees and partners, net 348,484 319,612
Fixed assets, net 176,399 183,478
Investments 35,718 38,575
Goodwill 500,797 486,585
Other intangible assets, net 196,532 192,783
Receivables from related parties 6,083 1,444
Other assets 477,024 463,014
Total assets 3,858,258 3,074,971
Liabilities, Redeemable Partnership Interest, and Equity    
Short-term borrowings 0 1,917
Accrued compensation 174,476 176,781
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 1,002,912 404,675
Payables to related parties 14,574 10,550
Accounts payable, accrued and other liabilities 627,194 683,104
Notes payable and other borrowings 1,183,443 1,049,217
Total liabilities 3,002,599 2,326,244
Commitments, contingencies and guarantees (Note 19)
Redeemable partnership interest 0 15,519
Stockholders’ equity:    
Additional paid-in capital 2,059,436 2,559,418
Treasury stock, at cost: 7,333 and 146,076 shares of Class A common stock at September 30, 2023 and December 31, 2022, respectively (40,335) (711,454)
Retained deficit (1,134,204) (1,138,066)
Accumulated other comprehensive income (loss) (45,819) (45,431)
Total stockholders’ equity 844,145 669,645
Noncontrolling interest in subsidiaries 11,514 63,563
Total equity 855,659 733,208
Total liabilities, redeemable partnership interest, and equity 3,858,258 3,074,971
Class A Common Stock    
Stockholders’ equity:    
Common stock value $ 3,972 $ 4,719
Common stock, shares issued (in shares) 397,201 471,934
Common stock, shares outstanding (in shares) 389,868 325,858
Class B Common Stock    
Stockholders’ equity:    
Common stock value $ 1,095 $ 459
Common stock, shares issued (in shares) 109,453 45,884
Common stock, shares outstanding (in shares) 109,453 45,884