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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
ETF advisory fees $ 84,024 $ 64,366 $ 40,567
Other income 774 794 1,045
Total revenues 84,798 65,160 41,612
Expenses:      
Compensation and benefits 23,233 19,634 19,193
Fund management and administration 23,020 19,882 14,286
Marketing and advertising 5,363 4,475 3,721
Sales and business development 3,586 3,603 2,730
Professional and consulting fees 4,603 4,307 3,779
Occupancy, communications, and equipment 1,419 1,127 1,118
Depreciation and amortization 307 267 314
Third party sharing arrangements 5,468 5,651 2,296
Other 2,976 2,243 1,724
ETF shareholders proxy 3,264    
Litigation, net 176 150  
Exchange listing and offering 353 729  
Total expenses 73,768 62,068 49,161
Income/(loss) before provision for income taxes 11,030 3,092 (7,549)
Provision for income taxes         
Net income/(loss) $ 11,030 $ 3,092 $ (7,549)
Net income/(loss) per share - basic $ 0.09 $ 0.03 $ (0.07)
Net income/(loss) per share - diluted $ 0.08 $ 0.02 $ (0.07)
Weighted-average common shares - basic 122,138 114,132 111,981
Weighted-average common shares - diluted 137,968 135,539 111,981