v3.26.3
Segment Reporting - Summary of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Jun. 30, 2026
Mar. 31, 2026
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]                
Net commissions and fees $ 775,081     $ 739,552     $ 2,460,712 $ 2,256,537
Fiduciary investment income 14,882     15,025     41,127 43,376
Total revenue 789,963     754,577     2,501,839 2,299,913
General and administrative expense 106,977     117,589     334,381 330,698
Change in contingent consideration (10,658)     11,968     34,187 (2,833)
Interest income (1,400)     (1,700)     (4,200) (6,300)
Income from equity method investments (11,840)     (4,957)     (24,410) (15,050)
Other non-operating income (784)     (402)     (1,520) (636)
Income tax expense (benefit) 8,140     (2,797)     36,998 65,659
NET INCOME 88,048 $ 108,381 $ 40,597 62,603 $ 124,705 $ (4,389) 237,026 182,919
Reporting Segment                
Segment Reporting [Line Items]                
Net commissions and fees 775,081     739,552     2,460,712 2,256,537
Fiduciary investment income 14,882     15,025     41,127 43,376
Total revenue 789,963     754,577     2,501,839 2,299,913
Compensation-related expense 443,373     417,217     1,400,151 1,268,059
General and administrative expense 102,144     101,827     298,306 287,414
Other segment items 45,668     38,979     146,925 131,220
Depreciation and amortization 68,608     73,795     206,530 213,975
Change in contingent consideration (10,658)     11,968     34,187 (2,833)
Interest income (1,381)     (1,749)     (4,180) (6,334)
Interest expense 58,645     58,093     171,826 175,520
Income from equity method investments (11,840)     (4,957)     (24,410) (15,050)
Other non-operating income (784)     (402)     (1,520) (636)
Income tax expense (benefit) $ 8,140     $ (2,797)     $ 36,998 $ 65,659