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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Summary of Reclassifications to Conform to the Current Year's Consolidated Financial Statement Presentation
The following table summarizes these reclassifications for the years ended December 31, 2017 and 2016, which had no effect on previously reported net income.
 
 
 
Years Ended
 
 
 
December 31,

2017
 
 
December 31,

2016
 
Operating Revenues:
 
 
 
 
 
 
 
 
Advisory fees (previously reported)
 
$
227,775
 
 
$
218,465
 
Other ETP fees reclassified to Other income
 
 
(1,083
)
 
 
(248
)
Advisory fees (currently reported)
 
$
226,692
 
 
$
218,217
 
Settlement gain (previously reported)
 
$
6,909
 
 
$
—
 
Reclassify to Other Income/(Expenses)
 
 
(6,909
)
 
 
—
 
Settlement gain (currently reported)
 
$
—
 
 
$
—
 
Other income (previously reported)
 
$
2,715
 
 
$
981
 
Other ETP fees reclassified from Advisory fees
 
 
1,083
 
 
 
248
 
Interest income reclassified to Other Income/(Expenses)
 
 
(2,861
)
 
 
(1,111
)
Realized and unrealized losses reclassified to Other losses, net
 
 
1,514
 
 
 
585
 
Miscellaneous other income reclassified to Other losses, net
 
 
(848
)
 
 
—
 
Other income (currently reported)
 
$
1,603
 
 
$
703
 
Total revenues (currently reported)
 
$
228,295
 
 
$
218,920
 
Operating Expenses:
 
 
 
 
 
 
 
 
Professional and consulting fees (previously reported)
 
$
10,086
 
 
$
6,692
 
Reclassify to Acquisition-related costs
 
 
(4,832
)
 
 
—
 
Professional and consulting fees (currently reported)
 
$
5,254
 
 
$
6,692
 
Acquisition-related costs (previously reported)
 
$
—
 
 
$
—
 
Reclassified from Professional and consulting fees
 
 
4,832
 
 
 
—
 
Acquisition-related costs (currently reported)
 
$
4,832
 
 
$
—
 
Impairment (previously reported)
 
$
—
 
 
$
1,676
 
Reclassify to Other Income/(Expenses)
 
 
—
 
 
 
(1,676
)
Impairment (currently reported)
 
$
—
 
 
$
—
 
Acquisition payment (previously reported)
 
$
—
 
 
$
6,738
 
Reclassify to Other Income/(Expenses)
 
 
—
 
 
 
(6,738
)
Acquisition payment (currently reported)
 
$
—
 
 
$
—
 
Other Income/(Expenses):
 
 
 
 
 
 
 
 
Interest income reclassified from operating revenues
 
$
2,861
 
 
$
1,111
 
Settlement gain reclassified from operating revenues
 
$
6,909
 
 
$
—
 
Impairment reclassified from operating expenses
 
$
—
 
 
$
(1,676
)
Acquisition payment reclassified from operating expenses
 
$
—
 
 
$
(6,738
)
Other losses, net (previously reported)
 
$
—
 
 
$
—
 
Realized and unrealized losses reclassified from operating revenues
 
 
(1,514
)
 
 
(585
)
Miscellaneous other income reclassified from operating revenues
 
 
848
 
 
 
—
 
Other losses, net (currently reported)
 
$
(666
)
 
$
(585
)
Schedule of Estimated Useful Lives of Related Assets
Depreciation is provided for using the straight-line method over the estimated useful lives of the related assets as follows:
 
Equipment
  
 
5 years
 
Furniture and fixtures
  
 
15 years