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Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Reported Revenue and Profit Before Income Taxes

The table below presents information about the reported revenue and net income (loss) before taxes of the Company for the years ended December 31, 2013, 2012 and 2011. 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)
		Year Ended December 31,
		2013				2012				2011
Revenue
Private client division *		$	600,071			$	550,797			$	541,365
Asset management *			102,214				84,160				71,052
Capital markets			281,377				283,139				322,147
Commercial mortgage banking			34,144				35,682				28,923
Corporate/Other			1,908				(1,166	)			(4,495	)
Total		$	1,019,714			$	952,612			$	958,992
Income (loss) before income taxes
Private client division *		$	65,924			$	53,487			$	59,070
Asset management *			40,951				25,436				20,759
Capital markets			6,968				(15,324	)			12,996
Commercial mortgage banking			11,413				15,267				11,428
Corporate/Other			(81,347	)			(79,393	)			(86,405	)
Total		$	43,909			$	(527	)		$	17,848

* 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 years ended December 31, 2013, 2012 and 2011 was as follows:

(Expressed in thousands)
		Year Ended December,
		2013				2012				2011
United States		$	974,260			$	908,870			$	909,661
Europe/Middle East			36,516				34,913				36,363
Asia			4,949				1,131				3,797
South America			3,989				7,698				9,171
Total		$	1,019,714			$	952,612			$	958,992

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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