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Revenues from contracts with customers (Tables) | 9 Months Ended
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Sep. 30, 2018
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 and nine months ended September 30, 2018:
(Expressed in thousands) | For the Three Months Ended September 30, 2018
| Reportable Segments
| Private Client |  | Asset Management |  | Capital Markets |  | Corporate/Other |  | Total
Revenues from contracts with customers: |  |  |  |  |  |  |  |  |
Commissions from sales and trading | $ | 36,553 |  |  | $ | — |  |  | $ | 31,807 |  |  | $ | 10 |  |  | $ | 68,370 |
Mutual fund income | 11,059 |  |  | 240 |  |  | 4 |  |  | 5 |  |  | 11,308 |
Advisory fees | 60,516 |  |  | 17,627 |  |  | 3 |  |  | 8 |  |  | 78,154 |
Investment banking - capital markets | 2,733 |  |  | — |  |  | 15,806 |  |  | — |  |  | 18,539 |
Investment banking - advisory | — |  |  | — |  |  | 9,789 |  |  | — |  |  | 9,789 |
Bank deposit sweep income | 30,053 |  |  | — |  |  | — |  |  | — |  |  | 30,053 |
Other | 3,654 |  |  | 3 |  |  | 318 |  |  | 40 |  |  | 4,015 |
Total revenues from contracts with customers | 144,568 |  |  | 17,870 |  |  | 57,727 |  |  | 63 |  |  | 220,228 |
Other sources of revenue: |  |  |  |  |  |  |  |  |
Interest | 9,469 |  |  | — |  |  | 3,678 |  |  | 256 |  |  | 13,403 |
Principal transactions, net | 675 |  |  | — |  |  | 6,423 |  |  | (7,114 | ) |  | (16 | )
Other | 3,371 |  |  | — |  |  | 302 |  |  | 526 |  |  | 4,199 |
Total other sources of revenue | 13,515 |  |  | — |  |  | 10,403 |  |  | (6,332 | ) |  | 17,586 |
Total revenue | $ | 158,083 |  |  | $ | 17,870 |  |  | $ | 68,130 |  |  | $ | (6,269 | ) |  | $ | 237,814 |
(Expressed in thousands) | For the Nine Months Ended September 30, 2018
| Reportable Segments
| Private Client |  | Asset Management |  | Capital Markets |  | Corporate/Other |  | Total
Revenues from contracts with customers: |  |  |  |  |  |  |  |  |
Commissions from sales and trading | $ | 115,924 |  |  | $ | — |  |  | $ | 96,826 |  |  | $ | 87 |  |  | $ | 212,837 |
Mutual fund income | 32,327 |  |  | 745 |  |  | 11 |  |  | 15 |  |  | 33,098 |
Advisory fees | 180,426 |  |  | 52,465 |  |  | 57 |  |  | 24 |  |  | 232,972 |
Investment banking - capital markets | 10,572 |  |  | — |  |  | 46,398 |  |  | — |  |  | 56,970 |
Investment banking - advisory | — |  |  | — |  |  | 27,472 |  |  | — |  |  | 27,472 |
Bank deposit sweep income | 84,203 |  |  | — |  |  | — |  |  | — |  |  | 84,203 |
Other | 11,359 |  |  | 9 |  |  | 750 |  |  | (6 | ) |  | 12,112 |
Total revenues from contracts with customers | 434,811 |  |  | 53,219 |  |  | 171,514 |  |  | 120 |  |  | 659,664 |
Other sources of revenue: |  |  |  |  |  |  |  |  |
Interest | 27,820 |  |  | 1 |  |  | 10,146 |  |  | 719 |  |  | 38,686 |
Principal transactions, net | 807 |  |  | — |  |  | 15,804 |  |  | (7,501 | ) |  | 9,110 |
Other | 5,292 |  |  | — |  |  | 401 |  |  | 1,747 |  |  | 7,440 |
Total other sources of revenue | 33,919 |  |  | 1 |  |  | 26,351 |  |  | (5,035 | ) |  | 55,236 |
Total revenue | $ | 468,730 |  |  | $ | 53,220 |  |  | $ | 197,865 |  |  | $ | (4,915 | ) |  | $ | 714,900 |
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 condensed consolidated balance sheet:
(Expressed in thousands) |  |  |
| Ending Balance at September 30, 2018 |  | Opening Balance at January 1, 2018
Contract assets (receivables): |  |  |
Commission (1) | $ | 2,867 |  |  | $ | 2,007 |
Mutual fund income (2) | 7,364 |  |  | 7,779 |
Advisory fees (3) | 681 |  |  | 1,460 |
Bank deposit sweep income (4) | 3,849 |  |  | 3,459 |
Investment banking fees (5) | 5,601 |  |  | 3,926 |
Other | 3,290 |  |  | — |
Total contract assets | $ | 23,652 |  |  | $ | 18,631 |
Deferred revenue (payables): |  |  |
Investment banking fees | $ | 407 |  |  | $ | — |
IRA fees | 762 |  |  | — |
Total deferred revenue | $ | 1,169 |  |  | $ | — |
(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 fee earned but not yet received.

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