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Current Expected Credit Losses (CECL) (Tables)

9 Months Ended

Sep. 30, 2023

Credit Loss [Abstract]

Schedule of Current Expected Credit Losses

During the three and nine months ended September 30, 2023 and 2022, the Company recorded changes 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, 2023			$	5.1					$	2.4					$	11.0					$	18.5
Current-period provision for expected credit losses			(0.2)						(0.2)						2.0						1.6
Ending balance, September 30, 2023			$	4.9					$	2.2					$	13.0					$	20.1

			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, 2023			$	5.4					$	2.5					$	7.0					$	14.9
Current-period provision for expected credit losses			$	(0.5)					$	(0.3)					$	6.0					$	5.2
Ending balance, September 30, 2023			$	4.9					$	2.2					$	13.0					$	20.1

			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

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B

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X

- References

No definition available.

+ Details

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