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Segment information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Reported Revenue and Profit Before Income Taxes |
(Expressed in thousands) |  |  |  |  |  |  |  |
|  | For the Years Ended December 31, 2024
|  | Wealth Management |  | Capital markets |  | Corporate/Other |  | Total
Revenue |  | $972,052 |  | $447,579 |  | $12,865 |  | $1,432,496
Less : |  |  |  |  |  |  |  |
Compensation Expenses |  | 514,227 |  | 323,612 |  | 98,974 |  | 936,813
Other Segment Items(1) |  | 192,086 |  | 163,563 |  | 34,277 |  | 389,926
Pre-Tax Income (Loss) |  | $265,739 |  | $(39,596) |  | $(120,386) |  | $105,757
(1) Other segment items include communication and technology expenses, occupancy and equipment costs, clearing and exchange fees, interest and other expenses.
(Expressed in thousands) |  |  |  |  |  |  |  |
|  | For the Years Ended December 31, 2023
|  | Wealth Management |  | Capital markets |  | Corporate/Other |  | Total
Revenue |  | $890,187 |  | $345,897 |  | $12,741 |  | $1,248,825
Less : |  |  |  |  |  |  |  |
Compensation Expenses |  | 424,031 |  | 269,330 |  | 89,035 |  | 782,396
Other Segment Items(1) |  | 247,621 |  | 139,528 |  | 32,510 |  | 419,659
Pre-Tax Income (Loss) |  | $218,535 |  | $(62,961) |  | $(108,804) |  | $46,770
(1) Other segment items include communication and technology expenses, occupancy and equipment costs, clearing and exchange fees, interest and other expenses.
(Expressed in thousands) |  |  |  |  |  |  |  |
|  | For the Years Ended December 31, 2022
|  | Wealth management |  | Capital markets |  | Corporate/Other |  | Total
Revenue |  | $774,922 |  | $337,821 |  | $(1,802) |  | $1,110,941
Less : |  |  |  |  |  |  |  |
Compensation Expenses |  | 401,932 |  | 260,974 |  | 77,921 |  | 740,827
Other Segment Items(1) |  | 194,987 |  | 102,543 |  | 27,030 |  | 324,560
Pre-Tax Income (Loss) |  | $178,003 |  | $(25,696) |  | $(106,753) |  | $45,554
(1) Other segment items include communication and technology expenses, occupancy and equipment costs, clearing and exchange fees, interest and other expenses.
Schedule of Revenue Classified by Major Geographic Areas | Revenue, classified by the major geographic areas in which it was earned for the years ended December 31, 2024, 2023 and 2022 was as follows:
(Expressed in thousands) |  |  |  |  |
| For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Americas | $ | 1,376,254 |  |  | $ | 1,199,558 |  |  | $ | 1,058,188 |
Europe/Middle East | 52,513 |  |  | 46,490 |  |  | 47,080 |
Asia | 3,729 |  |  | 2,777 |  |  | 5,673 |
Total | $ | 1,432,496 |  |  | $ | 1,248,825 |  |  | $ | 1,110,941 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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