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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
ETF advisory fees $ 21,440 $ 17,554 $ 60,645 $ 48,341
Other income 221 182 579 644
Total revenues 21,661 17,736 61,224 48,985
Expenses:        
Compensation and benefits 5,734 5,085 17,068 14,912
Fund management and administration 5,671 5,093 16,677 14,991
Marketing and advertising 862 911 3,736 3,240
Sales and business development 831 954 2,533 2,612
Professional and consulting fees 1,305 1,250 3,815 3,193
Occupancy, communication and equipment 374 288 1,050 846
Depreciation and amortization 79 68 225 200
Third party sharing arrangements 1,194 1,794 4,168 4,434
Other 859 711 2,211 1,625
ETF shareholder proxy       3,264   
Litigation, net 219    700   
Exchange listing    223    729
Total expenses 17,128 16,377 55,447 46,782
Income before provision for income taxes 4,533 1,359 5,777 2,203
Provision for income taxes            
Net income $ 4,533 $ 1,359 $ 5,777 $ 2,203
Net income per share-basic $ 0.04 $ 0.01 $ 0.05 $ 0.02
Net income per share-diluted $ 0.03 $ 0.01 $ 0.04 $ 0.02
Weighted-average common shares-basic 123,214 114,238 121,445 113,886
Weighted-average common shares-diluted 138,458 136,075 137,878 135,615