Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Reported Revenue and Profit Before Income Taxes

The table below presents information about the reported revenue and pre-tax income (loss) of the Company for the three and six months ended June 30, 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 June 30,						For the Six Months Ended June 30,
	2020			2019			2020			2019
Revenue
Private client (1)	$	141,825		$	161,928		$	283,243		$	325,455
Asset management (1)	17,515			18,622			36,791			35,208
Capital markets	105,270			71,819			180,812			142,780
Corporate/Other	120			(1,434		)	(1,346		)	(738		)
Total	$	264,730		$	250,935		$	499,500		$	502,705
Pre-Tax Income (Loss)
Private client (1)	$	24,349		$	43,416		$	57,718		$	86,250
Asset management (1)	3,983			5,318			8,288			7,560
Capital markets	22,322			(1,801		)	22,179			(4,448		)
Corporate/Other	(27,390		)	(29,542		)	(54,698		)	(55,919		)
Total	$	23,264		$	17,391		$	33,487		$	33,443

(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 six months ended June 30, 2020 and 2019 was:

(Expressed in thousands)
	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2020		2019		2020		2019
Americas	$	249,093	$	242,464	$	469,898	$	485,863
Europe/Middle East	13,757		7,666		26,124		15,335
Asia	1,880		805		3,478		1,507
Total	$	264,730	$	250,935	$	499,500	$	502,705