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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Reported Revenue and Profit Before Income Taxes
The table below presents information about the reported revenue and income (loss) before income taxes from continuing operations of the Company for the years ended December 31, 2017, 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 Year Ended December 31,
 
2017
 
2016
 
2015
Revenue
 
 
 
 
 
Private client (1)
$
592,753

 
$
504,192

 
$
521,526

Asset management (1)
89,896

 
92,852

 
97,121

Capital markets
231,632

 
254,933

 
279,589

Corporate/Other
6,057

 
5,802

 
(435
)
Total
$
920,338

 
$
857,779

 
$
897,801

Income (loss) before income taxes
 
 
 
 
 
Private client (1)
$
128,840

 
$
66,072

 
$
59,016

Asset management (1)
26,685

 
31,412

 
33,133

Capital markets
(39,978
)
 
(17,713
)
 
5,167

Corporate/Other
(95,811
)
 
(101,663
)
 
(99,744
)
Total
$
19,736

 
$
(21,892
)
 
$
(2,428
)
(1)
Clients investing in the OAM advisory program are charged fees based on the value of assets under management. Advisory fees were 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 years ended December 31, 2017, 2016 and 2015 was as follows:
(Expressed in thousands)
 
 
 
 
 
 
Year Ended December 31,
 
2017
 
2016
 
2015
Americas
$
880,602

 
$
815,231

 
$
853,221

Europe/Middle East
36,364

 
39,048

 
40,603

Asia
3,372

 
3,500

 
3,977

Total
$
920,338

 
$
857,779

 
$
897,801