v3.26.1
Fair Value Measurements - Financial Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Assets      
Restricted cash $ 225,765 $ 225,298 $ 112,458
Securities owned — trading 84,862 76,108  
Fair Value, Recurring      
Assets      
Restricted cash 127,227 127,585  
Securities owned — trading 84,862 76,108  
Other assets 1,458,051 1,471,620  
Total assets at fair value 2,571,547 2,601,024  
Other liabilities:      
Securities sold, but not yet purchased 94 174  
Total other liabilities 504,492 495,895  
Total liabilities at fair value 504,492 495,895  
Fair Value, Recurring | Level 1      
Assets      
Restricted cash 127,227 127,585  
Securities owned — trading 84,257 76,093  
Other assets 1,456,241 1,469,197  
Total assets at fair value 2,569,132 2,598,586  
Other liabilities:      
Securities sold, but not yet purchased 94 174  
Total other liabilities 370,215 371,857  
Total liabilities at fair value 370,215 371,857  
Fair Value, Recurring | Level 2      
Assets      
Restricted cash 0 0  
Securities owned — trading 605 15  
Other assets 1,810 2,423  
Total assets at fair value 2,415 2,438  
Other liabilities:      
Securities sold, but not yet purchased 0 0  
Total other liabilities 0 0  
Total liabilities at fair value 0 0  
Fair Value, Recurring | Level 3      
Assets      
Restricted cash 0 0  
Securities owned — trading 0 0  
Other assets 0 0  
Total assets at fair value 0 0  
Other liabilities:      
Securities sold, but not yet purchased 0 0  
Total other liabilities 134,277 124,038  
Total liabilities at fair value 134,277 124,038  
Equity securities | Fair Value, Recurring      
Other liabilities:      
Securities sold, but not yet purchased 94 174  
Equity securities | Fair Value, Recurring | Level 1      
Other liabilities:      
Securities sold, but not yet purchased 94 174  
Equity securities | Fair Value, Recurring | Level 2      
Other liabilities:      
Securities sold, but not yet purchased 0 0  
Equity securities | Fair Value, Recurring | Level 3      
Other liabilities:      
Securities sold, but not yet purchased 0 0  
Cash equivalents | Fair Value, Recurring      
Assets      
Cash equivalents 104,892 104,377  
Cash equivalents | Fair Value, Recurring | Level 1      
Assets      
Cash equivalents 104,892 104,377  
Cash equivalents | Fair Value, Recurring | Level 2      
Assets      
Cash equivalents 0 0  
Cash equivalents | Fair Value, Recurring | Level 3      
Assets      
Cash equivalents 0 0  
Cash equivalents segregated under federal or other regulations | Fair Value, Recurring      
Assets      
Cash equivalents 796,515    
Cash equivalents segregated under federal or other regulations | Fair Value, Recurring | Federal Or Other Regulations      
Assets      
Cash equivalents   821,334  
Cash equivalents segregated under federal or other regulations | Fair Value, Recurring | Level 1 | Federal Or Other Regulations      
Assets      
Cash equivalents 796,515 821,334  
Cash equivalents segregated under federal or other regulations | Fair Value, Recurring | Level 2 | Federal Or Other Regulations      
Assets      
Cash equivalents 0 0  
Cash equivalents segregated under federal or other regulations | Fair Value, Recurring | Level 3 | Federal Or Other Regulations      
Assets      
Cash equivalents 0 0  
Mutual funds      
Assets      
Securities owned — trading 39,683 40,029  
Mutual funds | Fair Value, Recurring      
Assets      
Securities owned — trading 42,417 40,029  
Mutual funds | Fair Value, Recurring | Level 1      
Assets      
Securities owned — trading 42,417 40,029  
Mutual funds | Fair Value, Recurring | Level 2      
Assets      
Securities owned — trading 0 0  
Mutual funds | Fair Value, Recurring | Level 3      
Assets      
Securities owned — trading 0 0  
U.S. treasury obligations | Fair Value, Recurring      
Assets      
Securities owned — trading 39,683 33,559  
U.S. treasury obligations | Fair Value, Recurring | Level 1      
Assets      
Securities owned — trading 39,683 33,559  
U.S. treasury obligations | Fair Value, Recurring | Level 2      
Assets      
Securities owned — trading 0 0  
U.S. treasury obligations | Fair Value, Recurring | Level 3      
Assets      
Securities owned — trading 0 0  
Equity securities      
Assets      
Securities owned — trading 2,157 2,505  
Equity securities | Fair Value, Recurring      
Assets      
Securities owned — trading 2,157 2,505  
Equity securities | Fair Value, Recurring | Level 1      
Assets      
Securities owned — trading 2,157 2,505  
Equity securities | Fair Value, Recurring | Level 2      
Assets      
Securities owned — trading 0 0  
Equity securities | Fair Value, Recurring | Level 3      
Assets      
Securities owned — trading 0 0  
Debt securities      
Assets      
Securities owned — trading 605 15  
Debt securities | Fair Value, Recurring      
Assets      
Securities owned — trading 605 15  
Debt securities | Fair Value, Recurring | Level 1      
Assets      
Securities owned — trading 0 0  
Debt securities | Fair Value, Recurring | Level 2      
Assets      
Securities owned — trading 605 15  
Debt securities | Fair Value, Recurring | Level 3      
Assets      
Securities owned — trading 0 0  
Deferred compensation plan | Fair Value, Recurring      
Assets      
Other assets 1,086,120 1,097,514  
Deferred compensation plan | Fair Value, Recurring | Level 1      
Assets      
Other assets 1,086,120 1,097,514  
Deferred compensation plan | Fair Value, Recurring | Level 2      
Assets      
Other assets 0 0  
Deferred compensation plan | Fair Value, Recurring | Level 3      
Assets      
Other assets 0 0  
Fractional shares — investment | Fair Value, Recurring      
Assets      
Other assets 370,121 371,683  
Other liabilities:      
Obligations 370,121 371,683  
Fractional shares — investment | Fair Value, Recurring | Level 1      
Assets      
Other assets 370,121 371,683  
Other liabilities:      
Obligations 370,121 371,683  
Fractional shares — investment | Fair Value, Recurring | Level 2      
Assets      
Other assets 0 0  
Other liabilities:      
Obligations 0 0  
Fractional shares — investment | Fair Value, Recurring | Level 3      
Assets      
Other assets 0 0  
Other liabilities:      
Obligations 0 0  
Other investments | Fair Value, Recurring      
Assets      
Other assets 1,810 2,423  
Other investments | Fair Value, Recurring | Level 1      
Assets      
Other assets 0 0  
Other investments | Fair Value, Recurring | Level 2      
Assets      
Other assets 1,810 2,423  
Other investments | Fair Value, Recurring | Level 3      
Assets      
Other assets 0 0  
Contingent consideration | Fair Value, Recurring      
Other liabilities:      
Obligations 134,277 124,038  
Contingent consideration | Fair Value, Recurring | Level 1      
Other liabilities:      
Obligations 0 0  
Contingent consideration | Fair Value, Recurring | Level 2      
Other liabilities:      
Obligations 0 0  
Contingent consideration | Fair Value, Recurring | Level 3      
Other liabilities:      
Obligations $ 134,277 $ 124,038