Related Party Transactions

12 Months Ended

Dec. 31, 2016

9. 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 for the U.S. and Canadian WisdomTree ETFs 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:


	December 31,
	2016		2015
Receivable from WTT	$	16,506	$	24,560
Receivable from BI and WTI		645		487
Receivable from WTCS		158		—
Receivable from WTAMC		40		—

Total	$	17,349	$	25,047

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


	Year Ended December 31,
	2016		2015		2014
Advisory services provided to WTT	$	209,199	$	293,788	$	181,987
Advisory services provided to BI and WTI		7,251		4,156		829
Advisory services provided to WTCS		1,867		—		—
Advisory services provided to WTAMC		148		—		—

Total	$	218,465	$	297,944	$	182,816

The Company also has an investment in a WisdomTree ETF of approximately $1,300 at December 31, 2016. For the year ended December 31, 2016, the Company has recorded losses of approximately $12 within other income on the Consolidated Statements of Operations.