Revenues from contracts with customers (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

The following presents the Company's revenue from contracts with customers disaggregated by major business activity and other sources of revenue for the three months ended March 31, 2019:



(Expressed in thousands)
	Reportable Segments
	Private Client		Asset Management			Capital Markets		Corporate/Other			Total
Revenues from contracts with customers:
Commissions from sales and trading	$	37,477	$	—		$	32,316	$	2		$	69,795
Mutual fund income	9,614		(6		)	1		5			9,614
Advisory fees	57,044		16,589			5		9			73,647
Investment banking - capital markets	2,749		—			8,593		—			11,342
Investment banking - advisory	—		—			16,701		—			16,701
Bank deposit sweep income	33,968		—			—		—			33,968
Other	3,278		—			319		256			3,853
Total revenues from contracts with customers	144,130		16,583			57,935		272			218,920
Other sources of revenue:
Interest	9,408		—			2,835		484			12,727
Principal transactions, net	1,684		—			10,157		(403		)	11,438
Other	8,305		3			34		343			8,685
Total other sources of revenue	19,397		3			13,026		424			32,850
Total revenue	$	163,527	$	16,586		$	70,961	$	696		$	251,770

Contract with Customer, Asset and Liability

The following presents the Company's contract assets and deferred revenue balances from contracts with customers, which are included in other assets and other liabilities, respectively, on the condensed consolidated balance sheet:



(Expressed in thousands)
	Ending Balance at March 31, 2019		Opening Balance at January 1, 2019
Contract assets (receivables):
Commission ⁽¹⁾	$	3,201	$	3,738
Mutual fund income ⁽²⁾	6,674		7,241
Advisory fees ⁽³⁾	863		1,214
Bank deposit sweep income ⁽⁴⁾	4,521		4,622
Investment banking fees ⁽⁵⁾	7,610		3,996
Other	3,341		2,869
Total contract assets	$	26,210	$	23,680
Deferred revenue (payables):
Investment banking fees ⁽⁶⁾	$	415	$	318
IRA fees	2,000		—
Total deferred revenue	$	2,415	$	318


(1)	Commission recorded on trade date but not yet settled.


(2)	Mutual fund income earned but not yet received.


(3)	Management and performance fees earned but not yet received.


(4)	Fees earned from FDIC-insured bank deposit program but not yet received.


(5)	Underwriting revenue and advisory fees earned but not yet received.


(6)	Retainer fees and fees earned from certain advisory transactions where the performance obligations

have not yet been satisfied.