Revenues from contracts with customers (Tables)

3 Months Ended

Mar. 31, 2022

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 ended March 31, 2022 and 2021:

(Expressed in thousands)	For the Three Months Ended March 31, 2022
	Reportable Segments
	Private Client		Asset Management		Capital Markets		Corporate/Other		Total
Revenue from contracts with customers:
Commissions from sales and trading	$	43,355	$	—	$	46,636	$	11	$	90,002
Mutual fund and insurance income	8,322		—		5		(8)		8,319
Advisory fees	88,527		27,113		117		9		115,766
Investment banking - capital markets	3,306		—		13,224		—		16,530
Investment banking - advisory	35		—		21,905		—		21,940
Bank deposit sweep income	4,354		—				—		4,354
Other	2,837		—		318		122		3,277
Total revenue from contracts with customers	150,736		27,113		82,205		134		260,188
Other sources of revenue:
Interest	8,147		—		1,293		77		9,517
Principal transactions, net	(1,933)		—		1,516		2,781		2,364
Other	(6,103)		4		37		21		(6,041)
Total other sources of revenue	111		4		2,846		2,879		5,840
Total revenue	$	150,847	$	27,117	$	85,051	$	3,013	$	266,028

(Expressed in thousands)	For the Three Months Ended March 31, 2021
	Reportable Segments
	Private Client		Asset Management		Capital Markets		Corporate/Other		Total
Revenue from contracts with customers:
Commissions from sales and trading	$	48,398	$	—	$	55,800	$	(3)	$	104,195
Mutual fund and insurance income	9,198		—		2		76		9,276
Advisory fees	80,254		24,227		3		12		104,496
Investment banking - capital markets	8,510		—		80,069		—		88,579
Investment banking - advisory	—		—		35,922		—		35,922
Bank deposit sweep income	4,008		—		—		—		4,008
Other	3,120		—		559		14		3,693
Total revenue from contracts with customers	153,488		24,227		172,355		99		350,169
Other sources of revenue:
Interest	6,476		—		2,152		38		8,666
Principal transactions, net	630		—		8,954		1,281		10,865
Other	3,429		3		138		12		3,582
Total other sources of revenue	10,535		3		11,244		1,331		23,113
Total revenue	$	164,023	$	24,230	$	183,599	$	1,430	$	373,282

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
	March 31, 2022		December 31, 2021
Contract assets (receivables):
Commission (1)	$	7,562	$	2,886
Mutual fund income (2)	6,137		6,205
Advisory fees (3)	3,785		4,546
Bank deposit sweep income (4)	1,188		595
Investment banking fees (5)	6,376		17,765
Other	2,945		5,195
Total contract assets	$	27,993	$	37,192
Deferred revenue (payables):
Investment banking fees (6)	$	180	$	235
Total deferred revenue	$	180	$	235

(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 received from certain advisory transactions where the performance

obligations have not yet been satisfied.