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Investment, Carried at Cost | 3 Months Ended
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Mar. 31, 2017
Investments Schedule [Abstract] |
Investment, Carried at Cost | 6. Investment, Carried at Cost On November 18, 2016, the Company made a $20,000 strategic investment in AdvisorEngine, Inc., an end-to-end wealth management platform which enables individual customization of investment philosophies. The Company and AdvisorEngine also entered into an 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. In consideration of its investment, the Company received 11,811,856 shares of Series A convertible preferred shares (“Series A Preferred”), for an aggregate equity ownership interest of approximately 42% (or 36% on a fully-diluted basis). The Series A Preferred is convertible into common stock at the option of the Company and 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. 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 March 31, 2017 or 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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