Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

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 and six months ended June 30, 2015 and 2014. The information on total assets 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 June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
Revenue
Private client (1)	$	133,783		$	145,344		$	273,715		$	293,164
Asset management (1)	25,344			25,032			49,805			49,642
Capital markets	69,531			72,217			141,697			150,098
Commercial mortgage banking	10,969			6,958			19,355			11,830
Corporate/Other	(699		)	138			(83		)	123
Total	$	238,928		$	249,689		$	484,489		$	504,857
Income (loss) before income tax provision
Private client (1)	$	13,402		$	7,560		$	30,159		$	17,868
Asset management (1)	7,801			8,353			15,687			16,036
Capital markets	3,623			7,082			10,358			18,266
Commercial mortgage banking	3,731			3,605			7,768			5,454
Corporate/Other	(25,927		)	(26,464		)	(51,491		)	(52,379		)
Total	$	2,630		$	136		$	12,481		$	5,245

(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 and six months ended June 30, 2015 and 2014, was as follows:

(Expressed in thousands)
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2015		2014		2015		2014
United States	$	229,717	$	236,884	$	462,748	$	477,212
United Kingdom/Israel	8,332		10,040		19,304		23,877
China	879		2,765		2,437		3,768
Total	$	238,928	$	249,689	$	484,489	$	504,857