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Investment, Carried at Cost | 12 Months Ended
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Dec. 31, 2016
Investments Schedule [Abstract] |
Investment, Carried at Cost | 6. Investment, Carried at Cost On November 18, 2016, the Company made a strategic investment in AdvisorEngine, Inc., formerly known as Vanare, an end-to-end wealth management platform which enables individual customization of investment philosophies. The Company and AdvisorEngine also entered into a strategic agreement whereby the Company’s asset allocation models are made available through AdvisorEngine’s open architecture platform and the Company actively introduces the platform to its distribution network. The Company invested $20,000 in AdvisorEngine for 11,811,856 convertible preferred shares (“Series A Preferred”), which is the equivalent to a 36% fully diluted equity ownership interest. The Series A Preferred contains various rights and protections including a non-cumulative 6.0% dividend, payable if and when declared by the board of directors, and a liquidation preference that is senior to all other holders of capital stock of AdvisorEngine, which is convertible into common stock at the option of the Company. The investment is accounted for under the cost method of accounting as it is not considered to be in-substance common stock. This investment is assessed for impairment on a quarterly basis. No impairment existed at December 31, 2016.

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- Definition The entire disclosure for investments, including all tables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 6 -Section 10 -Paragraph (c) -Subparagraph (1) + Details
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