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Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Reported Revenue and Profit Before Income Taxes

The table below presents information about the reported revenue and net income before taxes of the Company for the three and nine months ended September 30, 2013 and 2012. 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)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2013				2012				2013				2012
Revenue
Private client division *		$	144,316			$	133,798			$	430,963			$	406,530
Asset management *			21,488				19,812				64,450				58,848
Capital markets			68,460				68,587				201,495				209,477
Commercial mortgage banking			9,314				8,738				26,857				27,726
Corporate/Other			(202	)			903				2,587				616
Total		$	243,376			$	231,838			$	726,352			$	703,197
Income (loss) before income taxes
Private client division *		$	15,088			$	11,825			$	48,113			$	39,557
Asset management *			6,387				4,129				20,332				13,225
Capital markets			4,301				3,474				8,806				4,479
Commercial mortgage banking			2,823				3,155				7,977				11,985
Corporate/Other			(20,436	)			(17,325	)			(64,678	)			(62,638	)
Total		$	8,163			$	5,258			$	20,550			$	6,608

* Asset management fees are allocated 22.5% to the Asset Management and 77.5% to the Private Client Divisions.

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, 2013 and 2012, was as follows:

(Expressed in thousands)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2013				2012				2013				2012
United States		$	231,777			$	222,226			$	693,251			$	670,339
Europe/Middle East			9,210				7,475				26,930				26,155
Asia			1,309				332				2,843				633
South America			1,080				1,805				3,328				6,070
Total		$	243,376			$	231,838			$	726,352			$	703,197

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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