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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Reported Revenue and Profit Before Income Taxes

The table below presents information about the reported revenue and pre-tax income (loss) of the Company for the three and nine months ended September 30, 2021 and 2020. 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 September 30,												For the Nine Months Ended September 30,
			2021						2020						2021						2020
Revenue
Private client (1)			$	160,864					$	141,097					$	491,750					$	424,340
Asset management (1)			26,894						20,632						76,668						57,423
Capital markets			128,585						114,289						460,129						295,101
Corporate/Other			(1,001)						241						370						(1,105)
Total			$	315,342					$	276,259					$	1,028,917					$	775,759
Pre-Tax Income (Loss)
Private client (1)			$	37,426					$	25,764					$	83,362					$	83,482
Asset management (1)			9,412						6,426						25,603						14,714
Capital markets			17,888						19,369						107,252						41,548
Corporate/Other			(27,332)						(29,841)						(83,528)						(84,539)
Total			$	37,394					$	21,718					$	132,689					$	55,205

(1)Clients investing in the OAM advisory program are charged fees based on the value of AUM.

Advisory fees are allocated 10.0% to the Asset Management and 90.0% to the Private Client

segments.

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, 2021 and 2020 was:

(Expressed in thousands)
			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2021						2020						2021						2020
Americas			$	304,726					$	265,606					$	987,918					$	735,504
Europe/Middle East			9,051						9,152						36,962						35,276
Asia			1,565						1,501						4,037						4,979
Total			$	315,342					$	276,259					$	1,028,917					$	775,759

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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