Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Reported Revenue and Profit Before Income Taxes

The table below presents information about the reported revenue and net income before taxes of the Company for the three months ended March 31, 2015 and 2014. Asset information by reportable segment is not reported, since the Company does not produce such information for internal use by the chief operating decision maker.



(Expressed in thousands)
	For the Three Months Ended March 31,
	2015			2014
Revenue
Private client ⁽¹⁾	$	139,932		$	147,820
Asset management ⁽¹⁾	24,461			24,610
Capital markets	72,166			77,881
Commercial mortgage banking	8,386			4,872
Corporate/Other	616			(15		)
Total	$	245,561		$	255,168
Income (loss) before income tax provision
Private client ⁽¹⁾	$	16,757		$	10,308
Asset management ⁽¹⁾	7,886			7,683
Capital markets	6,735			11,184
Commercial mortgage banking	4,037			1,849
Corporate/Other	(25,564		)	(25,915		)
Total	$	9,851		$	5,109

(1) Asset management fees are allocated 22.5% to the Asset Management and 77.5% to the Private Client segments.

Revenue Classified by Major Geographic Areas

Revenue, classified by the major geographic areas in which it was earned for the three months ended March 31, 2015 and 2014, was as follows:



(Expressed in thousands)
	For the Three Months Ended March 31,
	2015		2014
United States	$	233,031	$	240,328
United Kingdom/Israel	10,972		13,837
China	1,558		1,003
Total	$	245,561	$	255,168

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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