Annual report pursuant to Section 13 and 15(d)

Revenue from Contracts with Customers (Tables)

v3.20.1
Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
In the following tables, revenue is disaggregated by service line and segment:

For the Year Ended December 31, 2019
 
Independent Advisory and Brokerage Services
 
Ladenburg
 
Insurance Brokerage
 
Corporate
 
Total
Commissions
 
$
531,503

 
$
9,407

 
$
183,695

 
$

 
$
724,605

Advisory fees
 
502,699

 
7,910

 

 

 
510,609

Investment banking
 
961

 
53,082

 

 

 
54,043

Principal transactions
 
26

 
1,257

 

 
169

 
1,452

Interest and dividends
 
2,551

 
1,023

 

 
1,715

 
5,289

Service fees
 
128,546

 
2,328

 

 
1,155

 
132,029

Other income
 
38,040

 
516

 
2,516

 
203

 
41,275

Total revenues
 
$
1,204,326

 
$
75,523

 
$
186,211

 
$
3,242

 
$
1,469,302






For the Year Ended December 31, 2018
 
Independent Advisory and Brokerage Services
 
Ladenburg
 
Insurance Brokerage
 
Corporate
 
Total
Commissions
 
$
540,523

 
$
11,468

 
$
144,340

 
$

 
$
696,331

Advisory fees
 
467,044

 
7,170

 

 
209

 
474,423

Investment banking
 
947

 
56,163

 

 
(854
)
 
56,256

Principal transactions
 
22

 
(524
)
 

 
174

 
(328
)
Interest and dividends
 
2,566

 
839

 

 
1,566

 
4,971

Service fees
 
116,047

 
2,495

 

 
888

 
119,430

Other income
 
33,894

 
483

 
2,787

 
2,889

 
40,053

Total revenues
 
$
1,161,043

 
$
78,094

 
$
147,127

 
$
4,872

 
$
1,391,136

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, net while estimated expenses on trailing commissions are included in commissions and fees payable on the consolidated statements of financial condition:

 
 
As of December 31, 2019
 
As of December 31, 2018
Contract assets - Insurance trailing commissions
 
$
73,782

 
$
64,300

Contract liabilities - Insurance trailing commissions
 
35,977

 
31,854