Current Expected Credit Losses (CECL) (Tables)

6 Months Ended

Jun. 30, 2026

Credit Loss [Abstract]

Schedule of Current Expected Credit Losses

During the three and six months ended June 30, 2026 and 2025, the Company recorded changes in the allowance for credit losses as follows (in millions):


			Accrued commissions and other receivables, net												Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, April 1, 2026			$	6.3											$	17.8					$	24.1
Current-period provision for expected credit losses			0.8												0.3						1.1

Ending balance, June 30, 2026			$	7.1											$	18.1					$	25.2


			Accrued commissions and other receivables, net												Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, January 1, 2026			$	6.2											$	18.0					$	24.2
Current-period provision for expected credit losses			0.9												0.1						1.0

Ending balance, June 30, 2026			$	7.1											$	18.1					$	25.2


			Accrued commissions and other receivables, net												Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, April 1, 2025			$	6.2											$	22.1					$	28.3
Current-period provision for expected credit losses			0.9												—						0.9
Release for allowance for expected credit losses			—												(4.0)						(4.0)
Ending balance, June 30, 2025			$	7.1											$	18.1					$	25.2


			Accrued commissions and other receivables, net												Receivables from broker-dealers, clearing organizations, customers and related broker-dealers						Total
Beginning balance, January 1, 2025			$	6.2											$	21.0					$	27.2
Current-period provision for expected credit losses			0.9												1.1						2.0
Release for allowance for expected credit losses			—												(4.0)						(4.0)
Ending balance, June 30, 2025			$	7.1											$	18.1					$	25.2