Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

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 of the Company for the three and nine months ended September 30, 2019 and 2018. 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 September 30,						For the Nine Months Ended September 30,
	2019			2018			2019			2018
Revenue
Private client (1)	$	152,054		$	158,083		$	477,509		$	468,730
Asset management (1)	18,368			17,870			53,576			53,220
Capital markets	64,068			68,130			206,848			197,865
Corporate/Other	303			(6,269		)	(435		)	(4,915		)
Total	$	234,793		$	237,814		$	737,498		$	714,900
Income (loss) before income taxes
Private client (1)	$	35,251		$	37,608		$	121,501		$	111,283
Asset management (1)	4,932			4,127			12,492			11,803
Capital markets	(6,385		)	(2,076		)	(10,833		)	(8,332		)
Corporate/Other	(27,302		)	(32,505		)	(83,221		)	(85,462		)
Total	$	6,496		$	7,154		$	39,939		$	29,292

(1) Clients investing in the OAM advisory program are charged fees based on the value of AUM.

Advisory fees are allocated 10.0% to the Asset Management and 90.0% 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, 2019 and 2018 was as follows:

(Expressed in thousands)
	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
Americas	$	227,001	$	230,486	$	712,864	$	690,569
Europe/Middle East	7,257		6,500		22,592		21,245
Asia	535		828		2,042		3,086
Total	$	234,793	$	237,814	$	737,498	$	714,900