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Subsequent Events | 3 Months Ended
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Mar. 31, 2017
Subsequent Events [Abstract] |
Subsequent Events | 16. Subsequent Events On April 27, 2017, the Company and AdvisorEngine jointly announced their commitment to providing advisor growth solutions through AdvisorEngine’s acquisition of Kredible Technologies, Inc., a technology enabled, research-driven practice management firm designed to help advisors acquire new clients. The Company invested an additional $5,000 in AdvisorEngine to help facilitate the Kredible acquisition and continue to fuel AdvisorEngine’s growth, leadership and innovation in the advisor solutions space. The Company received 2,646,062 shares of Series A-1 convertible preferred stock (“Series A-1 Preferred”) for an aggregate equity ownership interest of approximately 47% (or 41% on a fully-diluted basis). The Series A-1 Preferred has substantially the same terms as the Series A Preferred that the Company received in November 2016 in connection with its initial investment in AdvisorEngine as described in Note 6.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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