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Revenues from contracts with customers (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of 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 months ended March 31, 2023 and 2022:

(Expressed in thousands)			For the Three Months Ended March 31, 2023
			Reportable Segments
			Private Client						Asset Management						Capital Markets						Corporate/Other						Total
Revenue from contracts with customers:
Commissions from sales and trading			$	38,924					$	—					$	40,047					$	6					$	78,977
Mutual fund and insurance income			7,712						—						4						4						7,720
Advisory fees			76,583						23,954						—						7						100,544
Investment banking - capital markets			1,787						—						8,241						—						10,028
Investment banking - advisory			—						—						27,937						—						27,937
Bank deposit sweep income			48,909						—						—						—						48,909
Other			3,993						—						506						97						4,596
Total revenue from contracts with customers			177,908						23,954						76,735						114						278,711
Other sources of revenue:
Interest			20,579						—						3,029						1,333						24,941
Principal transactions, net			1,049						—						10,404						2,037						13,490
Other			3,885						5						114						533						4,537
Total other sources of revenue			25,513						5						13,547						3,903						42,968
Total revenue			$	203,421					$	23,959					$	90,282					$	4,017					$	321,679

(Expressed in thousands)			For the Three Months Ended March 31, 2022
			Reportable Segments
			Private Client						Asset Management						Capital Markets						Corporate/Other						Total
Revenue from contracts with customers:
Commissions from sales and trading			$	43,355					$	—					$	46,636					$	11					$	90,002
Mutual fund and insurance income			8,322						—						5						(8)						8,319
Advisory fees			88,527						27,113						117						9						115,766
Investment banking - capital markets			3,306						—						13,224						—						16,530
Investment banking - advisory			35						—						21,905						—						21,940
Bank deposit sweep income			4,354						—												—						4,354
Other			2,837						—						318						122						3,277
Total revenue from contracts with customers			150,736						27,113						82,205						134						260,188
Other sources of revenue:
Interest			8,147						—						1,293						77						9,517
Principal transactions, net			(1,933)						—						1,516						2,781						2,364
Other			(6,103)						4						37						21						(6,041)
Total other sources of revenue			111						4						2,846						2,879						5,840
Total revenue			$	150,847					$	27,117					$	85,051					$	3,013					$	266,028

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 condensed consolidated balance sheet:

(Expressed in thousands)			As of
			March 31, 2023						December 31, 2022
Contract assets (receivables):
Commission (1)			$	3,475					$	3,533
Mutual fund income (2)			5,225						4,993
Advisory fees (3)			7,084						5,368
Bank deposit sweep income (4)			7,182						9,057
Investment banking fees (5)			180						5,136
Other			5,427						4,686
Total contract assets			$	28,573					$	32,773
Deferred revenue (payables):
Investment banking fees (6)			$	945					$	900
IRA fees (7)			756						—
Total deferred revenue			$	1,701					$	900

(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 received from certain advisory transactions where the performance

obligations have not yet been satisfied.

(7) Fee received in advance on an annual basis.

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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