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Segment information (Tables)

9 Months Ended

Sep. 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 and nine months ended September 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 September 30,												For the Nine Months Ended September 30,
			2024						2023						2024						2023
Revenue
Private client (1)			$	218,787					$	193,254					$	640,521					$	597,920
Asset management (1)			27,262						20,830						78,015						66,987
Capital markets			124,030						94,576						328,254						264,440
Corporate/Other			3,273						4,007						10,289						11,189
Total			$	373,352					$	312,667					$	1,057,079					$	940,536
Pre-Tax Income (Loss)
Private client (1)			$	62,894					$	65,249					$	186,582					$	140,499
Asset management (1)			9,121						4,951						25,449						17,965
Capital markets			(6,144)						(15,254)						(34,621)						(44,782)
Corporate/Other			(30,501)						(33,359)						(88,720)						(84,744)
Total			$	35,370					$	21,587					$	88,690					$	28,938

(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 and nine months ended September 30, 2024 and 2023 was:

(Expressed in thousands)
			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2024						2023						2024						2023
Americas			$	360,557					$	299,946					$	1,018,441					$	905,232
Europe/Middle East			11,858						12,114						36,026						33,082
Asia			937						607						2,612						2,222
Total			$	373,352					$	312,667					$	1,057,079					$	940,536

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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