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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | 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 years ended December 31, 2019 and 2018:
(Expressed in thousands) | For the Year Ended December 31, 2019
| Reportable Segments
| Private Client |  | Asset Management |  | Capital Markets |  | Corporate/Other |  | Total
Revenues from contracts with customers: |  |  |  |  |  |  |  |  |
Commissions from sales and trading | $ | 148,661 |  |  | $ | — |  |  | $ | 131,380 |  |  | $ | 28 |  |  | $ | 280,069 |
Mutual fund income | 40,025 |  |  | — |  |  | 3 |  |  | 17 |  |  | 40,045 |
Advisory fees | 264,839 |  |  | 88,748 |  |  | 10 |  |  | 74 |  |  | 353,671 |
Investment banking - capital markets | 13,528 |  |  | — |  |  | 59,251 |  |  | — |  |  | 72,779 |
Investment banking - advisory | — |  |  | — |  |  | 53,432 |  |  | — |  |  | 53,432 |
Bank deposit sweep income | 117,422 |  |  | — |  |  | — |  |  | — |  |  | 117,422 |
Other | 13,288 |  |  | 5 |  |  | 1,713 |  |  | 2,398 |  |  | 17,404 |
Total revenues from contracts with customers | 597,763 |  |  | 88,753 |  |  | 245,789 |  |  | 2,517 |  |  | 934,822 |
Other sources of revenue: |  |  |  |  |  |  |  |  |
Interest | 35,809 |  |  | — |  |  | 13,302 |  |  | 1,612 |  |  | 50,723 |
Principal transactions, net | 3,341 |  |  | — |  |  | 31,621 |  |  | (4,868 | ) |  | 30,094 |
Other | 16,496 |  |  | 2 |  |  | 118 |  |  | 1,124 |  |  | 17,740 |
Total other sources of revenue | 55,646 |  |  | 2 |  |  | 45,041 |  |  | (2,132 | ) |  | 98,557 |
Total revenue | $ | 653,409 |  |  | $ | 88,755 |  |  | $ | 290,830 |  |  | $ | 385 |  |  | $ | 1,033,379 |
Contract with Customer, Asset and Liability [Table Text Block] | Contract Balances The timing of the Company's revenue recognition may differ from the timing of payment by its customers. The Company records receivables when revenue is recognized prior to payment and it has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had receivables related to revenue from contracts with customers of $28.9 million and $23.7 million at December 31, 2019 and January 1, 2019, respectively. The Company had no significant impairments related to these receivables during the years ended December 31, 2019 and 2018. 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 consolidated balance sheet:
(Expressed in thousands) |  |  |
| Ending Balance at December 31, 2019 |  | Opening Balance at January 1, 2019
Contract assets (receivables): |  |  |
Commission (1) | $ | 2,824 |  |  | $ | 3,738 |
Mutual fund income (2) | 6,746 |  |  | 7,241 |
Advisory fees (3) | 1,594 |  |  | 1,214 |
Bank deposit sweep income (4) | 3,454 |  |  | 4,622 |
Investment banking fees (5) | 9,284 |  |  | 3,996 |
Other | 4,986 |  |  | 2,869 |
Total contract assets | $ | 28,888 |  |  | $ | 23,680 |
Deferred revenue (payables): |  |  |
Investment banking fees (6) | $ | 408 |  |  | $ | 318 |
(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. (6) Retainer fees and fees earned from certain advisory transactions where the performance obligations have not yet been satisfied.

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- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
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