Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers (Tables)

Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 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 September 30, 2019	Independent Advisory and Brokerage Services		Ladenburg			Insurance Brokerage		Corporate			Total
Commissions	$	133,904	$	2,087		$	44,404	$	—		$	180,395
Advisory fees	130,464		2,299			—		—			132,763
Investment banking	238		18,454			—		—			18,692
Principal transactions	7		(237		)	—		(28		)	(258		)
Interest and dividends	650		263			—		561			1,474
Service fees	30,318		551			—		268			31,137
Other income	9,623		102			510		94			10,329
Total revenues	$	305,204	$	23,519		$	44,914	$	895		$	374,532



For the Three Months Ended September 30, 2018	Independent Advisory and Brokerage Services			Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	137,054		$	2,590	$	32,464	$	—		$	172,108
Advisory fees	122,848			1,644		—		58			124,550
Investment banking	129			10,038		—		(185		)	9,982
Principal transactions	(2		)	48		—		(1		)	45
Interest and dividends	700			185		—		549			1,434
Service fees	27,868			635		—		199			28,702
Other income	11,418			40		496		100			12,054
Total revenues	$	300,015		$	15,180	$	32,960	$	720		$	348,875



For the Nine Months Ended September 30, 2019	Independent Brokerage and Advisory Services		Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	396,949	$	7,161	$	122,966	$	—		$	527,076
Advisory fees	366,916		5,748		—		—			372,664
Investment banking	584		39,476		—		—			40,060
Principal transactions	19		1,403		—		(151		)	1,271
Interest and dividends	1,964		789		—		1,265			4,018
Service fees	93,237		1,716		—		774			95,727
Other income	30,355		470		1,723		203			32,751
Total revenues	$	890,024	$	56,763	$	124,689	$	2,091		$	1,073,567



For the Nine Months Ended September 30, 2018	Independent Brokerage and Advisory Services		Ladenburg		Insurance Brokerage		Corporate			Total
Commissions	$	407,159	$	8,739	$	99,877	$	—		$	515,775
Advisory fees	356,051		5,352		—		168			361,571
Investment banking	558		38,497		—		(854		)	38,201
Principal transactions	5		433		—		7			445
Interest and dividends	1,854		420		—		1,027			3,301
Service fees	78,780		1,822		—		587			81,189
Other income	30,608		351		2,068		2,506			35,533
Total revenues	$	875,015	$	55,614	$	101,945	$	3,441		$	1,036,015

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 September 30, 2019		As of December 31, 2018
Contract assets - Insurance trailing commissions	$	67,290	$	64,300
Contract liabilities - Insurance trailing commissions	32,630		31,854