XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.21.2

Contingent Payments | 9 Months Ended
--- | ---
Sep. 30, 2021
Contingent Payments [Abstract] |
Contingent Payments | 23. Contingent Payments The Company recognizes contingent payments when the contingency is resolved and the gain is realized. AdvisorEngine – Sale of Financial Interests On May 4, 2020, the Company closed a transaction to exit its investment in AdvisorEngine. The fair value of upfront consideration paid to the Company was $9,592. Consideration also included contingent payments totaling up to $10,408 which will be payable only upon AdvisorEngine achieving certain revenue milestones during the first through fourth anniversaries of such exit. No value has been ascribed to these contingent payments at September 30, 2021 and December 31, 2020. During the nine months ended September 30, 2020, the Company recognized an impairment of $19,672 to adjust the carrying value of its previously held financial interests in AdvisorEngine to fair value. During the three and nine months ended September 30, 2020, the Company subsequently recognized a gain of $225 and $1,093, respectively, arising from an adjustment to the estimate fair value of consideration received. These fair value adjustments were based upon the final sale terms as disclosed above. Sale of Canadian ETF Business On February 19, 2020, the Company completed the sale of all the outstanding shares of WTAMC to CI Financial Corp. The Company received CDN $3,720 (USD $2,774) in cash at closing and is entitled to additional cash consideration depending on the achievement of certain AUM growth targets as determined on the 18- and 36-month anniversaries of the closing date. In connection with this sale, the Company recognized a gain of $2,877 during the nine months ended September 30, 2020 which was recorded in other losses and gains, net. This gain represented the difference between the minimum cash consideration payable to the Company and the carrying value of WTAMC’s net assets upon disposition. During the three months ended September 30, 2021, it was determined that the Company is entitled to CDN $3,000 (USD $2,360) of additional cash consideration as determined on the 18-month anniversary of the closing date, which was paid to the Company on October 4, 2021. A gain of $787 from remeasuring the contingent payment to its realizable value was recorded in other losses and gains, net. The Company may receive additional cash consideration of CDN $0 to $4,000 depending on the achievement of certain AUM growth targets as determined on the 36-month anniversary of the closing date.

X
- Definition Contingent payment text block. + References No definition available. + Details
Name: | wetf_ContingentPaymentTextBlock
Namespace Prefix: | wetf_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contingent payments abstract. + References No definition available. + Details
Name: | wetf_ContingentPaymentsAbstract
Namespace Prefix: | wetf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration