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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue:    
Advisory fees $ 59,869us-gaap_InvestmentAdvisoryFees $ 42,609us-gaap_InvestmentAdvisoryFees
Other income 272us-gaap_OtherIncome 311us-gaap_OtherIncome
Total revenues 60,141us-gaap_Revenues 42,920us-gaap_Revenues
Expenses:    
Compensation and benefits 19,601us-gaap_LaborAndRelatedExpense 9,355us-gaap_LaborAndRelatedExpense
Fund management and administration 10,168us-gaap_AssetManagementCosts 9,168us-gaap_AssetManagementCosts
Marketing and advertising 3,076us-gaap_MarketingAndAdvertisingExpense 2,578us-gaap_MarketingAndAdvertisingExpense
Sales and business development 1,900us-gaap_BusinessDevelopment 1,301us-gaap_BusinessDevelopment
Professional and consulting fees 1,463us-gaap_ProfessionalFees 1,795us-gaap_ProfessionalFees
Occupancy, communications, and equipment 918us-gaap_CommunicationsInformationTechnologyAndOccupancy 900us-gaap_CommunicationsInformationTechnologyAndOccupancy
Depreciation and amortization 220us-gaap_DepreciationAndAmortization 192us-gaap_DepreciationAndAmortization
Third party sharing arrangements 283wetf_ThirdPartySharingArrangements 10wetf_ThirdPartySharingArrangements
Acquisition contingent payment 257us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1  
Other 1,235us-gaap_OtherExpenses 1,142us-gaap_OtherExpenses
Total expenses 39,121us-gaap_OperatingExpenses 26,441us-gaap_OperatingExpenses
Income before taxes 21,020us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 16,479us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense/(benefit) 8,958us-gaap_IncomeTaxExpenseBenefit (13,725)us-gaap_IncomeTaxExpenseBenefit
Net income $ 12,062us-gaap_NetIncomeLoss $ 30,204us-gaap_NetIncomeLoss
Net income per share-basic $ 0.09us-gaap_EarningsPerShareBasic $ 0.23us-gaap_EarningsPerShareBasic
Net income per share-diluted $ 0.09us-gaap_EarningsPerShareDiluted $ 0.22us-gaap_EarningsPerShareDiluted
Weighted-average common shares-basic 134,075us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 130,934us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted-average common shares-diluted 137,311us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 138,667us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash dividends declared per common share $ 0.08us-gaap_CommonStockDividendsPerShareDeclared