Segment information (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of 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, 2023 and 2022. 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,
	2023		2022		2023		2022
Revenue
Private client (1)	$	193,254	$	178,614	$	597,920	$	473,932
Asset management (1)	20,830		24,870		66,987		76,302
Capital markets	94,576		90,947		264,440		247,272
Corporate/Other	4,007		(320)		11,189		(145)
Total	$	312,667	$	294,111	$	940,536	$	797,361
Pre-Tax Income (Loss)
Private client (1)	$	65,249	$	29,973	$	140,499	$	92,919
Asset management (1)	4,951		8,322		17,965		25,916
Capital markets	(15,254)		2,401		(44,782)		(14,368)
Corporate/Other	(33,359)		(33,458)		(84,744)		(89,185)
Total	$	21,587	$	7,238	$	28,938	$	15,282

(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.

Schedule of 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, 2023 and 2022 was:


(Expressed in thousands)
	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Americas	$	299,946	$	279,043	$	905,232	$	756,453
Europe/Middle East	12,114		13,975		33,082		36,426
Asia	607		1,093		2,222		4,482
Total	$	312,667	$	294,111	$	940,536	$	797,361