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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2016
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 months ended March 31, 2016 and 2015. 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,
 
2016
 
2015
Revenue
 
 
 
Private client (1)
$
127,544

 
$
139,932

Asset management (1)
22,974

 
24,461

Capital markets
61,065

 
72,166

Commercial mortgage banking
3,738

 
8,386

Corporate/Other
3,373

 
616

Total
$
218,694

 
$
245,561

Income (loss) before income tax provision (benefit)
 
 
 
Private client (1)
$
16,317

 
$
16,757

Asset management (1)
6,768

 
7,886

Capital markets
(6,798
)
 
6,735

Commercial mortgage banking
(657
)
 
4,037

Corporate/Other
(23,627
)
 
(25,564
)
Total
$
(7,997
)
 
$
9,851

(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, 2016 and 2015, was as follows:
(Expressed in thousands)
 
 
 
 
For the Three Months Ended March 31,
 
2016
 
2015
Americas
$
207,207

 
$
233,031

Europe/Middle East
10,592

 
10,972

Asia
895

 
1,558

Total
$
218,694

 
$
245,561