Revenue from contracts with customers (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

The following presents the Company's revenue from contracts with customers disaggregated by major business activity and other sources of revenue for the years ended December 31, 2021 and 2020:


(Expressed in thousands)	For the Year Ended December 31, 2021
	Reportable Segments
	Private Client		Asset Management		Capital Markets		Corporate/Other		Total
Revenues from contracts with customers:
Commissions from sales and trading	$	181,073	$	—	$	183,778	$	9	$	364,860
Mutual fund income	36,651		—		8		88		36,747
Advisory fees	346,559		104,584		3		51		451,197
Investment banking - capital markets	24,965		—		215,902		—		240,867
Investment banking - advisory	250		—		194,753		—		195,003
Bank deposit sweep income	15,557		—		—		—		15,557
Other	13,382		—		1,198		58		14,638
Total revenues from contracts with customers	618,437		104,584		595,642		206		1,318,869
Other sources of revenue:
Interest	29,290		—		6,990		202		36,482
Principal transactions, net	3,195		—		22,598		(1,809)		23,984
Other	14,138		14		474		74		14,700
Total other sources of revenue	46,623		14		30,062		(1,533)		75,166
Total revenue	$	665,060	$	104,598	$	625,704	$	(1,327)	$	1,394,035


(Expressed in thousands)	For the Year Ended December 31, 2020
	Reportable Segments
	Private Client		Asset Management		Capital Markets		Corporate/Other		Total
Revenues from contracts with customers:
Commissions from sales and trading	$	174,346	$	—	$	185,542	$	29	$	359,917
Mutual fund income	35,101		3		9		67		35,180
Advisory fees	326,858		128,258		2		143		455,261
Investment banking - capital markets	16,093		—		123,670		—		139,763
Investment banking - advisory	—		2,000		80,535		—		82,535
Bank deposit sweep income	34,829		—		—		—		34,829
Other	14,316		—		2,485		127		16,928
Total revenues from contracts with customers	601,543		130,261		392,243		366		1,124,413
Other sources of revenue:
Interest	25,148		—		7,749		580		33,477
Principal transactions, net	3,300		—		26,306		(1,732)		27,874
Other	12,092		13		454		344		12,903
Total other sources of revenue	40,540		13		34,509		(808)		74,254
Total revenue	$	642,083	$	130,274	$	426,752	$	(442)	$	1,198,667

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 consolidated balance sheet:


(Expressed in thousands)	As of
	December 31, 2021		December 31, 2020
Contract assets (receivables):
Commission (1)	$	2,886	$	3,107
Mutual fund income (2)	6,205		5,989
Advisory fees (3)	4,546		1,590
Bank deposit sweep income (4)	595		687
Investment banking fees (5)	17,765		16,119
Other	5,195		3,324
Total contract assets	$	37,192	$	30,816
Deferred revenue (payables):
Investment banking fees (6)	$	235	$	613

Total deferred revenue	$	235	$	613

(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.