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Segment information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Reported Revenue and Pre-Tax Income (Loss)

The table below presents information about the reported revenue and pre-tax income (loss) of the Company for the three months ended June 30, 2024 and 2023. 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 June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
Revenue
Private client (1)			$	208,701					$	201,245					$	421,734					$	404,666
Asset management (1)			25,825						22,198						50,753						46,157
Capital markets			92,141						79,582						204,224						169,864
Corporate/Other			3,922						3,164						7,016						7,181
Total			$	330,589					$	306,189					$	683,727					$	627,868
Pre-Tax Income (Loss)
Private client (1)			$	55,537					$	20,794					$	123,688					$	75,250
Asset management (1)			8,694						6,533						16,328						13,014
Capital markets			(21,775)						(14,051)						(28,477)						(29,528)
Corporate/Other			(26,591)						(24,975)						(58,219)						(51,386)
Total			$	15,865					$	(11,699)					$	53,320					$	7,350

(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.

Schedule of Revenue Classified by Major Geographic Areas

Revenue, classified by the major geographic areas in which it was earned, for the three months ended June 30, 2024 and 2023 was:

(Expressed in thousands)
			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
Americas			$	316,467					$	295,496					$	657,884					$	605,285
Europe/Middle East			13,394						10,108						24,168						20,968
Asia			728						585						1,675						1,615
Total			$	330,589					$	306,189					$	683,727					$	627,868

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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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
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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.

+ References

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