Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers (Tables)

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

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



For the Three Months Ended June 30, 2019	Independent Advisory and Brokerage Services		Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	134,174	$	2,584	$	42,994	$	—		$	179,752
Advisory fees	124,104		1,889		—		—			125,993
Investment banking	149		11,390		—		—			11,539
Principal transactions	19		612		—		(30		)	601
Interest and dividends	645		251		—		432			1,328
Service fees	31,558		576		—		253			32,387
Other income	11,183		131		612		54			11,980
Total revenues	$	301,832	$	17,433	$	43,606	$	709		$	363,580



For the Three Months Ended June 30, 2018	Independent Advisory and Brokerage Services			Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	140,360		$	2,936	$	37,085	$	—		$	180,381
Advisory fees	120,690			1,892		—		56			122,638
Investment banking	313			12,085		—		(669		)	11,729
Principal transactions	(4		)	229		—		8			233
Interest and dividends	620			160		—		300			1,080
Service fees	26,772			619		—		194			27,585
Other income	10,720			199		840		2,351			14,110
Total revenues	$	299,471		$	18,120	$	37,925	$	2,240		$	357,756



For the Six Months Ended June 30, 2019	Independent Brokerage and Advisory Services		Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	263,045	$	5,074	$	78,562	$	—		$	346,681
Advisory fees	236,452		3,449		—		—			239,901
Investment banking	346		21,022		—		—			21,368
Principal transactions	12		1,640		—		(123		)	1,529
Interest and dividends	1,314		526		—		704			2,544
Service fees	62,919		1,165		—		506			64,590
Other income	20,732		368		1,213		109			22,422
Total revenues	$	584,820	$	33,244	$	79,775	$	1,196		$	699,035



For the Six Months Ended June 30, 2018	Independent Brokerage and Advisory Services		Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	270,105	$	6,149	$	67,413	$	—		$	343,667
Advisory fees	233,203		3,708		—		110			237,021
Investment banking	429		28,459		—		(669		)	28,219
Principal transactions	7		385		—		8			400
Interest and dividends	1,154		235		—		478			1,867
Service fees	50,912		1,187		—		388			52,487
Other income	19,190		311		1,572		2,406			23,479
Total revenues	$	575,000	$	40,434	$	68,985	$	2,721		$	687,140

Contract Balances

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



	As of June 30, 2019		As of December 31, 2018
Contract assets - Insurance trailing commissions	$	65,370	$	64,300
Contract liabilities - Insurance trailing commissions	32,166		31,854