Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

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 nine months ended September 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 September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Revenue
Private client (1)	$	141,097	$	152,054	$	424,340	$	477,509
Asset management (1)	20,632		18,368		57,423		53,576
Capital markets	114,289		64,068		295,101		206,848
Corporate/Other	241		303		(1,105)		(435)
Total	$	276,259	$	234,793	$	775,759	$	737,498
Pre-Tax Income (Loss)
Private client (1)	$	25,764	$	35,251	$	83,482	$	121,501
Asset management (1)	6,426		4,932		14,714		12,492
Capital markets	19,369		(6,385)		41,548		(10,833)
Corporate/Other	(29,841)		(27,302)		(84,539)		(83,221)
Total	$	21,718	$	6,496	$	55,205	$	39,939

(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, 2020 and 2019 was:


(Expressed in thousands)
	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Americas	$	265,606	$	227,001	$	735,504	$	712,864
Europe/Middle East	9,152		7,257		35,276		22,592
Asia	1,501		535		4,979		2,042
Total	$	276,259	$	234,793	$	775,759	$	737,498