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Revenue from contracts with customers (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

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, 2022 and 2021:

(Expressed in thousands)			For the Year Ended December 31, 2022
			Reportable Segments
			Private Client						Asset Management						Capital Markets						Corporate/Other						Total
Revenues from contracts with customers:
Commissions from sales and trading			$	159,441					$	—					$	179,694					$	40					$	339,175
Mutual fund income			31,173						—						8						26						31,207
Advisory fees			326,240						99,224						117						34						425,615
Investment banking - capital markets			9,352						—						33,481						—						42,833
Investment banking - advisory			127						—						84,569						—						84,696
Bank deposit sweep income			104,558						—						—						—						104,558
Other			16,451						—						2,113						510						19,074
Total revenues from contracts with customers			647,342						99,224						299,982						610						1,047,158
Other sources of revenue:
Interest			51,866						—						7,453						1,394						60,713
Principal transactions, net			(4,013)						—						29,610						(4,566)						21,031
Other			(19,515)						18						776						760						(17,961)
Total other sources of revenue			28,338						18						37,839						(2,412)						63,783
Total revenue			$	675,680					$	99,242					$	337,821					$	(1,802)					$	1,110,941

(Expressed in thousands)			For the Year Ended December 31, 2021
			Reportable Segments
			Private Client						Asset Management						Capital Markets						Corporate/Other						Total
Revenues from contracts with customers:
Commissions from sales and trading			$	181,073					$	—					$	183,778					$	9					$	364,860
Mutual fund income			36,651						—						8						88						36,747
Advisory fees			346,559						104,584						3						51						451,197
Investment banking - capital markets			24,965						—						215,902						—						240,867
Investment banking - advisory			250						—						194,753						—						195,003
Bank deposit sweep income			15,557						—						—						—						15,557
Other			13,382						—						1,198						58						14,638
Total revenues from contracts with customers			618,437						104,584						595,642						206						1,318,869
Other sources of revenue:
Interest			29,290						—						6,990						202						36,482
Principal transactions, net			3,195						—						22,598						(1,809)						23,984
Other			14,138						14						474						74						14,700
Total other sources of revenue			46,623						14						30,062						(1,533)						75,166
Total revenue			$	665,060					$	104,598					$	625,704					$	(1,327)					$	1,394,035

Schedule of 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 consolidated balance sheet:

(Expressed in thousands)			As of
			December 31, 2022						December 31, 2021
Contract assets (receivables):
Commission (1)			$	3,533					$	2,886
Mutual fund income (2)			4,993						6,205
Advisory fees (3)			5,368						4,546
Bank deposit sweep income (4)			9,057						595
Investment banking fees (5)			5,136						17,765
Other			4,686						5,195
Total contract assets			$	32,773					$	37,192
Deferred revenue (payables):
Investment banking fees (6)			$	900					$	235
Total deferred revenue			$	900					$	235

(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 fees earned but not yet received, including certain receivables.

(6) Retainer fees and fees earned from certain advisory transactions where the performance

obligations have not yet been satisfied.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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X

- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- References

No definition available.

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