XML 50 R35.htm IDEA: XBRL DOCUMENT v3.22.1

Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Summary of Reclassifications to Conform to the Current Year's Consolidated Financial Statement Presentation

The following table summarizes these revisions, which had no effect on previously reported net income:

		Three Months Ended March 31, 2021
Operating Revenues:
Advisory fees (previously reported)		$	71,616
Amounts collected on behalf of third parties			(1,574	)
Advisory fees (as corrected)		$	70,042
Total revenues (previously reported)		$	72,830
Amounts collected on behalf of third parties			(1,574	)
Total revenues (as corrected)		$	71,256
Operating Expenses:
Fund management and administration (previously reported)		$	15,521
Amounts collected on behalf of third parties			(1,574	)
Fund management and administration (as corrected)		$	13,947
Total operating expenses (previously reported)		$	54,223
Amounts collected on behalf of third parties			(1,574	)
Total operating expenses (as corrected)		$	52,649

Summary of Revisions to Consolidated Statements of Operations Due to Immaterial Correction of Error

The following table summarizes these reclassifications for the three months ended March 31, 2021:

		Three Months Ended March 31, 2021
Consolidated Statements of Cash Flows:
Cash Flows from Operating Activities
Net cash provided by operating activities (previously reported)		$	1,865
Reclassification of net cash flows from securities purchases and sales			425
Net cash provided by operating activities (currently reported)		$	2,290
Cash Flows from Investing Activities
Net cash used in investing activities (previously reported)		$	(5,565	)
Reclassification of purchases of securities owned, at fair value			(1,657	)
Reclassification of proceeds from the sale of securities owned, at fair value			1,232
Net cash used in investing activities (currently reported)		$	(5,990	)

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 3 to 5 years

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

Name:	us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about items reclassified to conform to current year presentation.

+ References

No definition available.

+ Details

Name:	wetf_DisclosureOfInformationAboutItemsReclassifiedToConformToCurrentYearPresentationTableTextBlock
Namespace Prefix:	wetf_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of estimated useful lives of related assets.

+ References

No definition available.

+ Details

Name:	wetf_ScheduleOfEstimatedUsefulLivesOfRelatedAssetsTableTextBlock
Namespace Prefix:	wetf_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration