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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2020
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 months ended March 31, 2020 and 2019. 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,
 
2020
 
2019
Revenue
 
 
 
Private client (1)
$
141,418

 
$
163,527

Asset management (1)
19,276

 
16,586

Capital markets
75,542

 
70,961

Corporate/Other
(1,466
)
 
696

Total
$
234,770

 
$
251,770

Income (loss) before income taxes
 
 
 
Private client (1)
$
33,369

 
$
42,834

Asset management (1)
4,305

 
2,242

Capital markets
(143
)
 
(2,647
)
Corporate/Other
(27,308
)
 
(26,377
)
Total
$
10,223

 
$
16,052

(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 months ended March 31, 2020 and 2019 was:
(Expressed in thousands)
 
 
 
 
For the Three Months Ended March 31,
 
2020
 
2019
Americas
$
220,805

 
$
243,399

Europe/Middle East
12,367

 
7,669

Asia
1,598

 
702

Total
$
234,770

 
$
251,770