v3.25.1
FEE AND COMMISSION INCOME AND EXPENSE - Fee and commission income and expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Schedule of Fee and Commission income [Line Items]      
Brokerage services $ 430,136 $ 333,383 $ 286,732
Commission income from payment processing 28,711 41,659 6,385
Agency fee income 15,616 15,872 87
Bank services 13,336 25,180 17,964
Underwriting and market-making services 11,210 18,801 11,948
Other fee and commission income 6,017 5,438 4,099
Fee and commission income (including $4,725, $65,972 and $199,235 from related parties) 505,026 440,333 327,215
Agency fee expense 284,055 103,020 22,807
Brokerage services 19,846 16,587 25,582
Bank services 20,064 18,121 12,272
Exchange services 1,776 3,302 2,631
Central Depository services 707 446 364
Other commission expenses 19,626 12,875 2,004
Total fee and commission expense 346,074 154,351 65,660
Brokerage      
Schedule of Fee and Commission income [Line Items]      
Brokerage services 430,136 333,383 286,732
Commission income from payment processing 0 0 0
Agency fee income 0 0 0
Bank services 0 0 0
Underwriting and market-making services 11,210 18,801 11,948
Other fee and commission income 493 297 390
Fee and commission income (including $4,725, $65,972 and $199,235 from related parties) 441,839 352,481 299,070
Agency fee expense 0 0 0
Brokerage services 19,846 16,506 25,551
Bank services 4,806 2,538 3,175
Exchange services 1,546 3,133 2,413
Central Depository services 706 446 364
Other commission expenses 2,376 2,117 1,623
Total fee and commission expense 29,280 24,740 33,126
Banking      
Schedule of Fee and Commission income [Line Items]      
Brokerage services 0 0 0
Commission income from payment processing 0 0 0
Agency fee income 0 108 0
Bank services 13,336 25,180 17,964
Underwriting and market-making services 0 0 0
Other fee and commission income 1,353 948 244
Fee and commission income (including $4,725, $65,972 and $199,235 from related parties) 14,689 26,236 18,208
Agency fee expense 36 0 0
Brokerage services 0 2 0
Bank services 14,419 13,217 9,097
Exchange services 0 0 0
Central Depository services 0 0 0
Other commission expenses 107 0 0
Total fee and commission expense 14,562 13,219 9,097
Insurance      
Schedule of Fee and Commission income [Line Items]      
Brokerage services 0 0 0
Commission income from payment processing 0 0 0
Agency fee income 0 296 87
Bank services 0 0 0
Underwriting and market-making services 0 0 0
Other fee and commission income 0 0 41
Fee and commission income (including $4,725, $65,972 and $199,235 from related parties) 0 296 128
Agency fee expense 284,019 103,020 22,807
Brokerage services 0 3 17
Bank services 538 208 0
Exchange services 0 0 0
Central Depository services 1 0 0
Other commission expenses 22 115 0
Total fee and commission expense 284,580 103,346 22,824
Other      
Schedule of Fee and Commission income [Line Items]      
Brokerage services 0 0 0
Commission income from payment processing 28,711 41,659 6,385
Agency fee income 15,616 15,468 0
Bank services 0 0 0
Underwriting and market-making services 0 0 0
Other fee and commission income 4,171 4,193 3,424
Fee and commission income (including $4,725, $65,972 and $199,235 from related parties) 48,498 61,320 9,809
Agency fee expense 0 0 0
Brokerage services 0 76 14
Bank services 301 2,158 0
Exchange services 230 169 218
Central Depository services 0 0 0
Other commission expenses 17,121 10,643 381
Total fee and commission expense $ 17,652 $ 13,046 $ 613