Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

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 months ended March 31, 2014 and 2013. 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 March 31,
	2014			2013
Revenue
Private client division *	$	147,820		$	143,369
Asset management *		24,610			20,956
Capital markets		77,881			65,131
Commercial mortgage banking		4,872			8,066
Corporate/Other		(15	)		1,624

Total	$	255,168		$	239,146

Income (loss) before income taxes
Private client division *	$	10,308		$	17,327
Asset management *		7,683			6,543
Capital markets		11,184			3,533
Commercial mortgage banking		1,849			2,878
Corporate/Other		(25,915	)		(23,568	)

Total	$	5,109		$	6,713

*	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 months ended March 31, 2014 and 2013, was as follows:


(Expressed in thousands)
	For the Three Months Ended March 31,
	2014		2013
United States	$	239,912	$	228,693
Europe/Middle East		13,837		8,403
Asia		1,003		825
South America		416		1,225

Total	$	255,168	$	239,146

- Definition

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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