XML 40 R30.htm IDEA: XBRL DOCUMENT v3.25.1

Revenue from contracts with customers (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and 2024:

(Expressed in thousands)			For the Three Months Ended March 31, 2025
			Reportable Segments
			Wealth Management						Capital Markets						Corporate/Other						Total
Revenue from contracts with customers:
Commissions from sales and trading			$	48,767					$	53,948					$	12					$	102,727
Mutual fund and insurance income			8,144						1						6						8,151
Advisory fees			128,792						—						11						128,803
Investment banking - capital markets			2,962						18,699						—						21,661
Investment banking - advisory			—						25,962						—						25,962
Bank deposit sweep income			30,075						—						—						30,075
Other			4,349						1,108						1,313						6,770
Total revenue from contracts with customers			223,089						99,718						1,342						324,149
Other sources of revenue:
Interest			21,485						13,454						1,430						36,369
Principal transactions, net			(587)						9,795						(233)						8,975
Other			(2,001)						294						39						(1,668)
Total other sources of revenue			18,897						23,543						1,236						43,676
Total revenue			$	241,986					$	123,261					$	2,578					$	367,825

(Expressed in thousands)			For the Three Months Ended March 31, 2024
			Reportable Segments
			Wealth Management						Capital Markets						Corporate/Other						Total
Revenue from contracts with customers:
Commissions from sales and trading			$	44,930					$	43,045					$	5					$	87,980
Mutual fund and insurance income			7,864						1						5						7,870
Advisory fees			114,836						—						11						114,847
Investment banking - capital markets			3,021						15,627						—						18,648
Investment banking - advisory			21						31,868						—						31,889
Bank deposit sweep income			36,685						—						—						36,685
Other			3,416						320						980						4,716
Total revenue from contracts with customers			210,773						90,861						1,001						302,635
Other sources of revenue:
Interest			20,196						4,303						2,267						26,766
Principal transactions, net			1,736						16,733						(235)						18,234
Other			5,256						186						61						5,503
Total other sources of revenue			27,188						21,222						2,093						50,503
Total revenue			$	237,961					$	112,083					$	3,094					$	353,138

Schedule of Receivables and Deferred Revenue Balances from Contracts with Customers

The following presents the Company's receivables and deferred revenue balances from contracts with customers, which are included in other assets and other liabilities, respectively, on the consolidated balance sheet:

(Expressed in thousands)			As of
			March 31, 2025						December 31, 2024
Receivables
Commission (1)			$	6,160					$	4,408
Mutual fund and insurance income (2)			5,790						5,838
Advisory fees (3)			5,365						11,271
Bank deposit sweep income (4)			4,405						4,748
Investment banking fees (5)			11,713						14,798
Other			5,415						5,124
Total receivables			$	38,848					$	46,187
Deferred revenue (payables):
Investment Banking fees (6)			$	374					$	28
Software license fees (7)			648						902
IRA fees (8)			610						—
			$	1,632					$	930

(1)Commissions earned but not yet received.

(2)Mutual fund and insurance 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.

(6)Retainer fees and fees received from certain advisory transactions where the performance obligations have not yet been satisfied.

(7)Software license fees received upfront from customers and recognized ratably over the contract period

(8)Fees 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration