Annual report pursuant to Section 13 and 15(d)

Revenue from Contracts with Customers (Tables)

Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

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