Related Party Transactions

9 Months Ended

Sep. 30, 2016

8. Related Party Transactions

The Company’s revenues are derived primarily from investment advisory agreements with related parties. Under these agreements, the Company has licensed to related parties the use of certain of its own indexes on an exclusive basis for the U.S. and Canadian WisdomTree ETFs, Boost ETPs and WisdomTree UCITS ETFs. The Board of Trustees and Board of Directors of the related parties are primarily responsible for overseeing the management and affairs of the U.S. and Canadian WisdomTree ETFs, Boost ETPs and WisdomTree UCITS ETFs for the benefit of their shareholders and have contracted with the Company to provide for general management and administration services. The Company is also responsible for certain expenses of the related parties, including the cost of transfer agency, custody, fund administration and accounting, legal, audit, and other non-distribution services, excluding extraordinary expenses, taxes and certain other expenses, which is included in fund management and administration on the Company’s Consolidated Statements of Operations. In exchange, the Company receives fees based on a percentage of the ETF average daily net assets. The advisory agreements may be terminated by the related parties upon notice. Certain officers of the Company also provide general management oversight of the related parties; however, these officers have no material decision making responsibilities and primarily implement the decisions of the Board of Trustees and Board of Directors of the related parties.

The following table summarizes accounts receivable from related parties which are included as a component of Accounts receivable on the Company’s Consolidated Balance Sheets:


	September 30, 2016		December 31, 2015
Receivable from WTT	$	15,980	$	24,560
Receivable from BI and WTI		666		487
Receivable from WTCS and WTC		154		—
Receivable from WTAMC		30		—

Total	$	16,830	$	25,047

The following table summarizes revenues from advisory services provided to related parties:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Advisory services provided to WTT	$	49,087	$	79,242	$	161,316	$	218,997
Advisory services provided to BI and WTI		1,915		1,278		5,308		2,712
Advisory services provided to WTCS and WTC		482		—		1,406		—
Advisory services provided to WTAMC		69		—		69		—

Total	$	51,553	$	80,520	$	168,099	$	221,709