Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers (Tables)

Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

In the following table, revenue is disaggregated by service line and segment:



For the Three Months Ended March 31, 2019	Independent Advisory and Brokerage Services			Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	128,871		$	2,490	$	35,568	$	—		$	166,929
Advisory fees	112,348			1,560		—		—			113,908
Investment banking	197			9,632		—		—			9,829
Principal transactions	(7		)	1,028		—		(93		)	928
Interest and dividends	669			275		—		272			1,216
Service fees	31,361			589		—		253			32,203
Other income	9,549			237		601		55			10,442
Total revenues	$	282,988		$	15,811	$	36,169	$	487		$	335,455



For the Three Months Ended March 31, 2018	Independent Advisory and Brokerage Services		Ladenburg		Insurance Brokerage		Corporate		Total
Commissions	$	129,745	$	3,213	$	30,328	$	—	$	163,286
Advisory fees	112,513		1,816		—		54		114,383
Investment banking	116		16,374		—		—		16,490
Principal transactions	11		156		—		—		167
Interest and dividends	534		75		—		178		787
Service fees	24,140		568		—		194		24,902
Other income	8,470		112		732		55		9,369
Total revenues	$	275,529	$	22,314	$	31,060	$	481	$	329,384

Contract Balances

The following table provides information about contract assets and contract liabilities from contracts with customers. Estimated trailing commissions are included in other receivables, net while estimated expenses on trailing commissions are included in commissions and fees payable on the condensed consolidated statement of financial condition:



	As of March 31, 2019		As of December 31, 2018
Contract assets - Insurance trailing commissions	$	63,718	$	64,300
Contract liabilities - Insurance trailing commissions	31,510		31,854