Segment Information (Tables)

9 Months Ended

Sep. 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 nine months ended September 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 September 30,						For the Nine Months Ended September 30,
	2015			2014			2015			2014
Revenue
Private client (1)	$	122,324		$	142,606		$	396,039		$	435,770
Asset management (1)	23,849			24,801			73,654			74,443
Capital markets	60,585			71,226			202,282			221,324
Commercial mortgage banking	6,058			6,349			25,413			18,179
Corporate/Other	720			(303		)	637			(180		)
Total	$	213,536		$	244,679		$	698,025		$	749,536
Income (loss) before income tax provision (benefit)
Private client (1)	$	14,905		$	18,898		$	45,064		$	36,766
Asset management (1)	7,563			8,264			23,250			24,300
Capital markets	(2,016		)	5,699			8,342			23,965
Commercial mortgage banking	1,046			1,815			8,814			7,269
Corporate/Other	(23,025		)	(23,780		)	(74,516		)	(76,159		)
Total	$	(1,527	)	$	10,896		$	10,954		$	16,141

(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 nine months ended September 30, 2015 and 2014, was as follows:

(Expressed in thousands)
	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2015		2014		2015		2014
United States	$	204,031	$	234,317	$	666,779	$	711,529
United Kingdom/Israel	8,715		9,106		28,019		32,983
China	790		1,256		3,227		5,024
Total	$	213,536	$	244,679	$	698,025	$	749,536