Revenues from contracts with customers (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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 and six months ended June 30, 2020 and 2019:

(Expressed in thousands)	For the Three Months Ended June 30, 2020
	Reportable Segments
	Private Client		Asset Management		Capital Markets		Corporate/Other			Total
Revenue from contracts with customers:
Commissions from sales and trading	$	41,805	$	—	$	51,337	$	—		$	93,142
Mutual fund income	8,490		—		2		3			8,495
Advisory fees	58,465		17,507		—		10			75,982
Investment banking - capital markets	3,470		—		35,472		—			38,942
Investment banking - advisory	—		—		7,244		—			7,244
Bank deposit sweep income	7,122		—		—		—			7,122
Other	3,132		—		646		4			3,782
Total revenue from contracts with customers	122,484		17,507		94,701		17			234,709
Other sources of revenue:
Interest	5,134		5		1,027		54			6,220
Principal transactions, net	2,656		—		9,512		(104		)	12,064
Other	11,551		3		30		153			11,737
Total other sources of revenue	19,341		8		10,569		103			30,021
Total revenue	$	141,825	$	17,515	$	105,270	$	120		$	264,730

(Expressed in thousands)	For the Three Months Ended June 30, 2019
	Reportable Segments
	Private Client		Asset Management		Capital Markets		Corporate/Other			Total
Revenue from contracts with customers:
Commissions from sales and trading	$	37,026	$	—	$	33,736	$	4		$	70,766
Mutual fund income	10,124		1		1		4			10,130
Advisory fees	62,080		18,617		2		8			80,707
Investment banking - capital markets	4,262		—		14,699		—			18,961
Investment banking - advisory	—		—		13,045		—			13,045
Bank deposit sweep income	31,830		—		—		—			31,830
Other	3,526		—		522		1,537			5,585
Total revenue from contracts with customers	148,848		18,618		62,005		1,553			231,024
Other sources of revenue:
Interest	9,639		—		3,459		452			13,550
Principal transactions, net	538		—		6,312		(3,805		)	3,045
Other	2,903		4		43		366			3,316
Total other sources of revenue	13,080		4		9,814		(2,987		)	19,911
Total revenue	$	161,928	$	18,622	$	71,819	$	(1,434	)	$	250,935

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)	As of
	June 30, 2020		December 31, 2019
Contract assets (receivables):
Commission (1)	$	3,519	$	2,824
Mutual fund income (2)	6,168		6,746
Advisory fees (3)	1,129		1,594
Bank deposit sweep income (4)	790		3,454
Investment banking fees (5)	13,592		9,284
Other	4,671		4,986
Total contract assets	$	29,869	$	28,888
Deferred revenue (payables):
Investment banking fees (6)	$	659	$	408
IRA fees (7)	1,270		—
Total deferred revenue	$	1,929	$	408

(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.

(7) Fee received in advance on an annual basis.