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Related Party Transactions | 9 Months Ended
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Sep. 30, 2018
Related Party Transactions [Abstract] |
Related Party Transactions | 17. 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 (including certain officers of the Company) of the related parties are primarily responsible for overseeing the management and affairs of the entities for the benefit of their stakeholders 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. 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, 2018 |  |  | December 31, 2017 |
Receivable from WTT |  | $ | 16,057 |  |  | $ | 19,433 |
Receivable from ETFS Issuers |  |  | 7,684 |  |  |  | — |
Receivable from BI and WTI |  |  | 861 |  |  |  | 979 |
Receivable from WTAMC |  |  | 163 |  |  |  | 87 |
Receivable from WTCS |  |  | 100 |  |  |  | 97 |
Total |  | $ | 24,865 |  |  | $ | 20,596 |
The following table summarizes revenues from advisory services provided to related parties:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Advisory services provided to WTT |  | $ | 49,900 |  |  | $ | 54,439 |  |  | $ | 157,693 |  |  | $ | 158,206 |
Advisory services provided to ETFS Issuers |  |  | 18,442 |  |  |  | — |  |  |  | 36,161 |  |  |  | — |
Advisory services provided to BI and WTI |  |  | 2,532 |  |  |  | 2,452 |  |  |  | 7,883 |  |  |  | 6,498 |
Advisory services provided to WTAMC |  |  | 489 |  |  |  | 92 |  |  |  | 1,204 |  |  |  | 263 |
Advisory services provided to WTCS |  |  | 316 |  |  |  | 310 |  |  |  | 972 |  |  |  | 1,210 |
Total |  | $ | 71,679 |  |  | $ | 57,293 |  |  | $ | 203,913 |  |  | $ | 166,177 |
The Company also has investments in certain WisdomTree ETFs of approximately $2,720 and $1,691 at September 30, 2018 and December 31, 2017, respectively. Gains and losses related to these ETFs for the three and nine months ended September 30, 2018 and 2017 were less than $100.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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