Related Party Transactions

9 Months Ended

Sep. 30, 2019

18. 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 ETPs’ 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, 2019		December 31, 2018
Receivable from WTT	$	13,514	$	14,678
Receivable from ManJer Issuers		8,308		8,779
Receivable from WMAI and WTI		1,340		951
Receivable from WTAMC		201		167
Receivable from WTCS		71		95

Total	$	23,434	$	24,670

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Advisory services provided to WTT	$	41,721	$	49,900	$	126,761	$	157,693
Advisory services provided to ManJer Issuers		21,758		18,442		60,398		36,161
Advisory services provided to WMAI and WTI		2,670		2,532		7,757		7,883
Advisory services provided to WTAMC		628		489		1,781		1,204
Advisory services provided to WTCS		229		316		776		972

Total	$	67,006	$	71,679	$	197,473	$	203,913

The Company also has investments in certain WisdomTree ETFs of approximately $2,927 and $7,117 at September 30, 2019 and December 31, 2018, respectively. Gains related to these ETFs during the three months ended September 30, 2019 and 2018 were $64 and $76, respectively, and during the nine months ended September 30, 2019 and 2018 were $212 and $17, respectively.