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Related Party Transactions
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

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:

 

     September 30,
2017
     December 31,
2016
 

Receivable from WTT

   $ 17,827      $ 16,506  

Receivable from BI and WTI

     1,067        645  

Receivable from WTCS

     101        158  

Receivable from WTAMC

     41        40  
  

 

 

    

 

 

 

Total

   $ 19,036      $ 17,349  
  

 

 

    

 

 

 

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

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2017      2016      2017      2016  

Advisory services provided to WTT

   $ 54,439      $ 49,087      $ 158,206      $ 161,316  

Advisory services provided to BI and WTI

     2,733        1,915        7,271        5,308  

Advisory services provided to WTCS

     310        482        1,210        1,406  

Advisory services provided to WTAMC

     92        69        263        69  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 57,574      $ 51,553      $ 166,950      $ 168,099