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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Revenues from Contracts with Customers | Revenue from contracts with customers by the Company's five reportable operating segments and the All Other category during the three and nine months ended September 30, 2024 and 2023 was as follows:
| Capital Markets Segment |  | Wealth Management Segment |  |  |  | Financial Consulting Segment |  | Communications Segment |  | Consumer Products Segment |  | All Other |  | Total
Revenues for the three months ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate finance, consulting and investment banking fees | $ | 21,316 |  |  | $ | — |  |  |  |  | $ | 23,941 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 45,257 |
Wealth and asset management fees | 1,252 |  |  | 45,757 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 47,009 |
Commissions, fees and reimbursed expenses | 5,568 |  |  | 1,618 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,186 |
Subscription services | — |  |  | — |  |  |  |  | — |  |  | 65,041 |  |  | — |  |  | — |  |  | 65,041 |
Sale of goods | — |  |  | — |  |  |  |  | — |  |  | 1,318 |  |  | 49,793 |  |  | 4,137 |  |  | 55,248 |
Advertising and other | — |  |  | — |  |  |  |  | — |  |  | 1,200 |  |  | — |  |  | 28,506 |  |  | 29,706 |
Total revenues from contracts with customers | 28,136 |  |  | 47,375 |  |  |  |  | 23,941 |  |  | 67,559 |  |  | 49,793 |  |  | 32,643 |  |  | 249,447 |
Trading (loss) income | (1,908) |  |  | 670 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,238) |
Fair value adjustments on loans | (71,477) |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (71,477) |
Interest income - loans | 11,251 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,251 |
Interest income - securities lending | 7,007 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,007 |
Other | 2,301 |  |  | 2,014 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,315 |
Total revenues | $ | (24,690) |  |  | $ | 50,059 |  |  |  |  | $ | 23,941 |  |  | $ | 67,559 |  |  | $ | 49,793 |  |  | $ | 32,643 |  |  | $ | 199,305 |
| Capital Markets Segment |  | Wealth Management Segment |  |  |  | Financial Consulting Segment |  | Communications Segment |  | Consumer Products Segment |  | All Other |  | Total
Revenues for the three months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate finance, consulting and investment banking fees | $ | 67,429 |  |  | $ | — |  |  |  |  | $ | 20,225 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 87,654 |
Wealth and asset management fees | 1,958 |  |  | 47,333 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 49,291 |
Commissions, fees and reimbursed expenses | 7,495 |  |  | 1,669 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,164 |
Subscription services | — |  |  | — |  |  |  |  | — |  |  | 80,713 |  |  | — |  |  | — |  |  | 80,713 |
Sale of goods | — |  |  | — |  |  |  |  | — |  |  | 1,638 |  |  | 58,391 |  |  | — |  |  | 60,029 |
Advertising and other | — |  |  | — |  |  |  |  | — |  |  | 1,442 |  |  | — |  |  | 9,928 |  |  | 11,370 |
Total revenues from contracts with customers | 76,882 |  |  | 49,002 |  |  |  |  | 20,225 |  |  | 83,793 |  |  | 58,391 |  |  | 9,928 |  |  | 298,221 |
Trading (loss) income | (10,217) |  |  | 490 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,727) |
Fair value adjustments on loans | (860) |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (860) |
Interest income - loans | 27,397 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27,397 |
Interest income - securities lending | 42,333 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 42,333 |
Other | 4,031 |  |  | 1,873 |  |  |  |  |  |  | — |  |  | — |  |  | — |  |  | 5,904 |
Total revenues | $ | 139,566 |  |  | $ | 51,365 |  |  |  |  | $ | 20,225 |  |  | $ | 83,793 |  |  | $ | 58,391 |  |  | $ | 9,928 |  |  | $ | 363,268 |
| Capital Markets Segment |  | Wealth Management Segment |  |  |  | Financial Consulting Segment |  | Communications Segment |  | Consumer Products Segment |  | All Other |  | Total
Revenues for the nine months ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate finance, consulting and investment banking fees | $ | 111,560 |  |  | $ | — |  |  |  |  | $ | 69,383 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 180,943 |
Wealth and asset management fees | 3,677 |  |  | 137,986 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 141,663 |
Commissions, fees and reimbursed expenses | 18,852 |  |  | 8,236 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27,088 |
Subscription services | — |  |  | — |  |  |  |  | — |  |  | 221,168 |  |  | — |  |  | — |  |  | 221,168 |
Service contract revenues | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Sale of goods | — |  |  | — |  |  |  |  | — |  |  | 4,079 |  |  | 152,739 |  |  | 7,436 |  |  | 164,254 |
Advertising and other | — |  |  | — |  |  |  |  | — |  |  | 3,887 |  |  | — |  |  | 75,329 |  |  | 79,216 |
Total revenues from contracts with customers | 134,089 |  |  | 146,222 |  |  |  |  | 69,383 |  |  | 229,134 |  |  | 152,739 |  |  | 82,765 |  |  | 814,332 |
Trading (loss) income | (52,787) |  |  | 2,561 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (50,226) |
Fair value adjustments on loans | (259,260) |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (259,260) |
Interest income - loans | 51,894 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 51,894 |
Interest income - securities lending | 69,614 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 69,614 |
Other | 6,937 |  |  | 3,931 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,868 |
Total revenues | $ | (49,513) |  |  | $ | 152,714 |  |  |  |  | $ | 69,383 |  |  | $ | 229,134 |  |  | $ | 152,739 |  |  | $ | 82,765 |  |  | $ | 637,222 |
| Capital Markets Segment |  | Wealth Management Segment |  |  |  | Financial Consulting Segment |  | Communications Segment |  | Consumer Products Segment |  | All Other |  | Total
Revenues for the nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate finance, consulting and investment banking fees | $ | 137,305 |  |  | $ | — |  |  |  |  | $ | 52,325 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 189,630 |
Wealth and asset management fees | 3,880 |  |  | 135,092 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 138,972 |
Commissions, fees and reimbursed expenses | 24,659 |  |  | 8,604 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 33,263 |
Subscription services | — |  |  | — |  |  |  |  | — |  |  | 245,903 |  |  | — |  |  | — |  |  | 245,903 |
Sale of goods | — |  |  | — |  |  |  |  | — |  |  | 5,145 |  |  | 179,156 |  |  | — |  |  | 184,301 |
Advertising and other | — |  |  | — |  |  |  |  | — |  |  | 4,620 |  |  | — |  |  | 28,870 |  |  | 33,490 |
Total revenues from contracts with customers | 165,844 |  |  | 143,696 |  |  |  |  | 52,325 |  |  | 255,668 |  |  | 179,156 |  |  | 28,870 |  |  | 825,559 |
Trading (loss) income | 29,488 |  |  | 2,235 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 31,723 |
Fair value adjustments on loans | 51,623 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 51,623 |
Interest income - loans | 102,535 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 102,535 |
Interest income - securities lending | 119,580 |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 119,580 |
Other | 17,959 |  |  | 2,964 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20,923 |
Total revenues | $ | 487,029 |  |  | $ | 148,895 |  |  |  |  | $ | 52,325 |  |  | $ | 255,668 |  |  | $ | 179,156 |  |  | $ | 28,870 |  |  | $ | 1,151,943 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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