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Segment information (Tables)

12 Months Ended

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

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

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

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X

- 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
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-Section 50
-Paragraph 22
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-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

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