Related Party Transactions

6 Months Ended

Jun. 30, 2020

19. 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 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:


	June 30, 2020		December 31, 2019
Receivable from WTT	$	10,974	$	14,765
Receivable from ManJer Issuers		10,159		9,036
Receivable from WMAI and WTI		850		1,559
Receivable from WTAMC (Note 25)		—		227
Receivable from WTCS		43		80

Total	$	22,026	$	25,667

The allowance for credit losses on accounts receivable from related parties is insignificant when applying historical loss rates, adjusted for current conditions and supportable forecasts, to the amounts outstanding in the table above. Amounts outstanding are all invoiced in arrears, are less than 30 days aged and are collected shortly after the applicable reporting period.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Advisory services provided to WTT	$	31,389	$	42,817	$	70,990	$	85,040
Advisory services provided to ManJer Issuers		23,670		19,367		43,928		38,640
Advisory services provided to WMAI and WTI		2,014		2,583		4,542		5,087
Advisory services provided to WTAMC		—		607		365		1,153
Advisory services provided to WTCS		135		253		333		547

Total	$	57,208	$	65,627	$	120,158	$	130,467

The Company also has investments in certain WisdomTree ETFs carried at fair value of

approximately $

12,929

and $

16,886

at June

2020

and December

2019

, respectively. Gains and losses related to these ETFs during the three months ended June

2020

and

2019

were $

298

and ($

205

), respectively, and during the six months ended June

2020

and

2019

were $

and $

148

, respectively.