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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
 
P
AY
V
ERSUS
P
ERFORMANCE
The
following table reports the total compensation of Jonathan Steinberg, our Chief Executive Officer and PEO, and the average total compensation of the other NEOs as reported in the Summary Compensation Table for the past three years, as well as the “compensation actually paid” to our PEO and the average “compensation actually paid” to our other NEOs as calculated pursuant to SEC rules and certain performance measures required by SEC rules. We refer to the other NEOs covered by this Pay Versus Performance disclosure as the Other NEOs.
 
Year
(1)
 
Summary
Compensation
Table Total for
PEO ($)
   
Compensation
Actually Paid
to PEO ($)
(2)
   
Average
Summary
Compensation
Table Total for
Other NEOs ($)
   
Average
Summary
Compensation
Actually Paid to
Other NEOs ($)
(2)
   
 
Value of Initial
Fixed $100
Investment Based
On:
   
Net
Income/(Loss)
(thousands)
($)
(4)
   
Company-
Selected
Measure
 
 
TSR ($)
   
Peer
Group
TSR
($)
(3)
   
 
TSR
Percentile
Ranking –
Traditional
Asset
Manager
Peer Group
(5)
 
                 
2022
    5,448,889       5,503,797       1,837,134       1,836,101       121.14       128.14       50,684       92
nd
 
                 
2021
    4,317,175       4,313,843       1,377,223       1,252,097       133.03       171.05       49,797       25
th
 
                 
2020
    2,881,637       3,434,784       1,253,893       1,361,386       114.11       115.87       (35,655     17
th
 
(1)
The PEO and Other NEOs for the applicable years were as follows:
 
 
 
2022: Mr. Steinberg served as our PEO and Messrs. Edmiston, Lilien, Marinof and Ziemba served as the Other NEOs.
 
 
 
2021: Mr. Steinberg served as our PEO and Messrs. Edmiston, Lilien, Marinof, Ziemba and Amit Muni, our former CFO, served as the Other NEOs. Mr. Edmiston was appointed to serve as our CFO effective June 1, 2021 in connection with Mr. Muni’s resignation as CFO to accept alternative employment effective May 31, 2021.
 
 
 
2020: Mr. Steinberg served as our PEO and Messrs. Muni, Lilien, Marinof and Ziemba served as the Other NEOs.
 
(2)
Represents the Summary Compensation Table totals reported for the PEO and the average of the Other NEOs for each year subject to the following adjustments in accordance with Item 402(v)(2)(iii) of Regulation
S-K
to calculate “compensation actually paid”:
 
 
 
 
2022
   
2021
   
2020
 
             
 
 
 
PEO
   
Average
for Other
NEOs
   
PEO
   
Average
for Other
NEOs
   
PEO
   
Average
for Other
NEOs
 
             
Summary Compensation Table – Total
   $ 5,448,889      $ 1,837,134      $ 4,317,175      $ 1,377,223      $ 2,881,637      $ 1,253,893  
             
Deduction for amounts reported under “Stock Awards” column of the Summary Compensation Table
(a)
  ($ 2,494,989   ($ 511,485   ($ 1,463,175   ($ 389,910   ($ 993,637   ($ 196,883
             
Equity Award Adjustments
(b)
   $ 2,549,897      $ 510,452      $ 1,459,843      $ 264,784      $ 1,546,784      $ 304,376  
             
Compensation Actually Paid
   $ 5,503,797      $ 1,836,101      $ 4,313,843      $ 1,252,097      $ 3,434,784      $ 1,361,386  
  (a)
Compensation actually paid excludes the amounts reported in the Stock Awards column from the relevant year’s Summary Compensation Table total.
  (b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the fair value as of the end of the applicable fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the applicable fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the applicable fiscal year; and (iii) the change in fair value during the applicable fiscal year through the vesting date of equity awards granted in prior years that vested during the applicable fiscal year, less the fair value at the end of the prior year of awards granted prior to the applicable fiscal year that failed to meet
 
 
  applicable vesting conditions during the listed year. Equity values are calculated in accordance with FASB ASC Topic 718, including Monte Carlo simulations used to value outstanding PRSUs as of the end of the applicable fiscal year. The equity award adjustments are set forth in the table below:
 
Year
 
Year End
Fair Value of
Outstanding
and
Unvested
Equity
Awards
Granted in
Applicable
Year ($)
 
Year over
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards
Granted in
Prior Years
($)
 
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year ($)
 
Year over
Year Change
in Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet
Vesting
Conditions in
the Year ($)
 
Value of
Dividends or
other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
Total Equity
Award
Adjustments
($)
 
Equity Award Adjustments – PEO
 
               
2022
      2,545,937         61,772         —           (102,452 )       —           44,640         2,549,897  
               
2021
      1,581,610         (177,002 )       —           5,196         —           50,039         1,459,843  
               
2020
      1,426,969         244,913         —           (191,507 )       —           66,409         1,546,784  
 
Equity Award Adjustments – Average for Other NEOs
 
               
2022
      512,998         3,176         —           (17,326 )       —           11,604         510,452  
               
2021
      344,057         (11,600 )       —           763         (77,860 )       9,424         264,784  
               
2020
      282,744         39,027         —           (31,605 )       —           14,210         304,376  
(3)
The peer group used for purposes of Item 201(e) of Regulation
S-K
was utilized for purposes of calculating Peer Group TSR. We refer to this peer group as the Selected Peer Group. The Selected Peer Group is comprised of 40 publicly traded asset management companies in the S&P U.S. BMI Asset Management & Custody Banks Index.
(4)
We are required to report net income/(loss) pursuant to generally accepted accounting principles (“GAAP”) in the table above, however, our GAAP net income includes items that are
non-recurring
or not core to our operating business. Our adjusted net income (a
non-GAAP
measure) (in thousands) was $41,669, $61,352 and $40,205 for the years ended December 31, 2022, 2021 and 2020, respectively. A reconciliation of our net income/(loss) as reported under GAAP to adjusted net income (a
non-GAAP
measure) is included in Item 7 of our Annual Report on Form
10-K
for the year ended December 31, 2022.
(5)
We have identified our TSR percentile ranking for the Traditional Asset Manager Peer Group as the company-selected measure for the pay versus performance disclosure, as it represents the most important financial performance measure used to link compensation actually paid to the PEO and Other NEOs in 2022 to our performance. The TSR for each member of the Traditional Asset Manager Peer Group was derived from the average
per-share
value of the publicly traded common stock of each peer group member for the
90-calendar
day period ending on January 1
st
(beginning of period) and December 31
st
(end of period) of each applicable year and includes the impact of dividends.
   
Company Selected Measure Name TSR percentile ranking for the Traditional Asset Manager Peer Group    
Named Executive Officers, Footnote [Text Block]
(1)
The PEO and Other NEOs for the applicable years were as follows:
 
 
 
2022: Mr. Steinberg served as our PEO and Messrs. Edmiston, Lilien, Marinof and Ziemba served as the Other NEOs.
 
 
 
2021: Mr. Steinberg served as our PEO and Messrs. Edmiston, Lilien, Marinof, Ziemba and Amit Muni, our former CFO, served as the Other NEOs. Mr. Edmiston was appointed to serve as our CFO effective June 1, 2021 in connection with Mr. Muni’s resignation as CFO to accept alternative employment effective May 31, 2021.
 
 
 
2020: Mr. Steinberg served as our PEO and Messrs. Muni, Lilien, Marinof and Ziemba served as the Other NEOs.
   
Peer Group Issuers, Footnote [Text Block] The peer group used for purposes of Item 201(e) of Regulation
S-K
was utilized for purposes of calculating Peer Group TSR. We refer to this peer group as the Selected Peer Group. The Selected Peer Group is comprised of 40 publicly traded asset management companies in the S&P U.S. BMI Asset Management & Custody Banks Index.
   
PEO Total Compensation Amount $ 5,448,889 $ 4,317,175 $ 2,881,637
PEO Actually Paid Compensation Amount $ 5,503,797 4,313,843 3,434,784
Adjustment To PEO Compensation, Footnote [Text Block]
(2)
Represents the Summary Compensation Table totals reported for the PEO and the average of the Other NEOs for each year subject to the following adjustments in accordance with Item 402(v)(2)(iii) of Regulation
S-K
to calculate “compensation actually paid”:
 
 
 
 
2022
   
2021
   
2020
 
             
 
 
 
PEO
   
Average
for Other
NEOs
   
PEO
   
Average
for Other
NEOs
   
PEO
   
Average
for Other
NEOs
 
             
Summary Compensation Table – Total
   $ 5,448,889      $ 1,837,134      $ 4,317,175      $ 1,377,223      $ 2,881,637      $ 1,253,893  
             
Deduction for amounts reported under “Stock Awards” column of the Summary Compensation Table
(a)
  ($ 2,494,989   ($ 511,485   ($ 1,463,175   ($ 389,910   ($ 993,637   ($ 196,883
             
Equity Award Adjustments
(b)
   $ 2,549,897      $ 510,452      $ 1,459,843      $ 264,784      $ 1,546,784      $ 304,376  
             
Compensation Actually Paid
   $ 5,503,797      $ 1,836,101      $ 4,313,843      $ 1,252,097      $ 3,434,784      $ 1,361,386  
  (a)
Compensation actually paid excludes the amounts reported in the Stock Awards column from the relevant year’s Summary Compensation Table total.
  (b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the fair value as of the end of the applicable fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the applicable fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the applicable fiscal year; and (iii) the change in fair value during the applicable fiscal year through the vesting date of equity awards granted in prior years that vested during the applicable fiscal year, less the fair value at the end of the prior year of awards granted prior to the applicable fiscal year that failed to meet
 
 
  applicable vesting conditions during the listed year. Equity values are calculated in accordance with FASB ASC Topic 718, including Monte Carlo simulations used to value outstanding PRSUs as of the end of the applicable fiscal year. The equity award adjustments are set forth in the table below:
 
Year
 
Year End
Fair Value of
Outstanding
and
Unvested
Equity
Awards
Granted in
Applicable
Year ($)
 
Year over
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards
Granted in
Prior Years
($)
 
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year ($)
 
Year over
Year Change
in Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet
Vesting
Conditions in
the Year ($)
 
Value of
Dividends or
other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
Total Equity
Award
Adjustments
($)
 
Equity Award Adjustments – PEO
 
               
2022
      2,545,937         61,772         —           (102,452 )       —           44,640         2,549,897  
               
2021
      1,581,610         (177,002 )       —           5,196         —           50,039         1,459,843  
               
2020
      1,426,969         244,913         —           (191,507 )       —           66,409         1,546,784  
 
Equity Award Adjustments – Average for Other NEOs
 
               
2022
      512,998         3,176         —           (17,326 )       —           11,604         510,452  
               
2021
      344,057         (11,600 )       —           763         (77,860 )       9,424         264,784  
               
2020
      282,744         39,027         —           (31,605 )       —           14,210         304,376  
   
Non-PEO NEO Average Total Compensation Amount $ 1,837,134 1,377,223 1,253,893
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,836,101 1,252,097 1,361,386
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(2)
Represents the Summary Compensation Table totals reported for the PEO and the average of the Other NEOs for each year subject to the following adjustments in accordance with Item 402(v)(2)(iii) of Regulation
S-K
to calculate “compensation actually paid”:
 
 
 
 
2022
   
2021
   
2020
 
             
 
 
 
PEO
   
Average
for Other
NEOs
   
PEO
   
Average
for Other
NEOs
   
PEO
   
Average
for Other
NEOs
 
             
Summary Compensation Table – Total
   $ 5,448,889      $ 1,837,134      $ 4,317,175      $ 1,377,223      $ 2,881,637      $ 1,253,893  
             
Deduction for amounts reported under “Stock Awards” column of the Summary Compensation Table
(a)
  ($ 2,494,989   ($ 511,485   ($ 1,463,175   ($ 389,910   ($ 993,637   ($ 196,883
             
Equity Award Adjustments
(b)
   $ 2,549,897      $ 510,452      $ 1,459,843      $ 264,784      $ 1,546,784      $ 304,376  
             
Compensation Actually Paid
   $ 5,503,797      $ 1,836,101      $ 4,313,843      $ 1,252,097      $ 3,434,784      $ 1,361,386  
  (a)
Compensation actually paid excludes the amounts reported in the Stock Awards column from the relevant year’s Summary Compensation Table total.
  (b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the fair value as of the end of the applicable fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the applicable fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the applicable fiscal year; and (iii) the change in fair value during the applicable fiscal year through the vesting date of equity awards granted in prior years that vested during the applicable fiscal year, less the fair value at the end of the prior year of awards granted prior to the applicable fiscal year that failed to meet
 
 
  applicable vesting conditions during the listed year. Equity values are calculated in accordance with FASB ASC Topic 718, including Monte Carlo simulations used to value outstanding PRSUs as of the end of the applicable fiscal year. The equity award adjustments are set forth in the table below:
 
Year
 
Year End
Fair Value of
Outstanding
and
Unvested
Equity
Awards
Granted in
Applicable
Year ($)
 
Year over
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards
Granted in
Prior Years
($)
 
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year ($)
 
Year over
Year Change
in Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
Fair Value at
the End of
the Prior
Year of
Equity
Awards that
Failed to
Meet
Vesting
Conditions in
the Year ($)
 
Value of
Dividends or
other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
Total Equity
Award
Adjustments
($)
 
Equity Award Adjustments – PEO
 
               
2022
      2,545,937         61,772         —           (102,452 )       —           44,640         2,549,897  
               
2021
      1,581,610         (177,002 )       —           5,196         —           50,039         1,459,843  
               
2020
      1,426,969         244,913         —           (191,507 )       —           66,409         1,546,784  
 
Equity Award Adjustments – Average for Other NEOs
 
               
2022
      512,998         3,176         —           (17,326 )       —           11,604         510,452  
               
2021
      344,057         (11,600 )       —           763         (77,860 )       9,424         264,784  
               
2020
      282,744         39,027         —           (31,605 )       —           14,210         304,376  
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block] LOGO    
Compensation Actually Paid vs. Net Income [Text Block] LOGO    
Compensation Actually Paid vs. Company Selected Measure [Text Block] LOGO    
Total Shareholder Return Vs Peer Group [Text Block] LOGO    
Tabular List [Table Text Block]
T
ABULAR
L
IST
OF
P
ERFORMANCE
M
EASURES
WisdomTree considers the following measures to be the most important performance measures it uses to link compensation actually paid to its PEO and Other NEOs to WisdomTree’s performance for 2022:
 
Performance Measures
 
TSR Percentile Ranking – Traditional Asset Manager Peer Group
 
Net Flows
 
Revenues
 
Adjusted Operating Income
 
Adjusted Operating Margin
   
Total Shareholder Return Amount $ 121.14 133.03 114.11
Peer Group Total Shareholder Return Amount 128.14 171.05 115.87
Net Income (Loss) $ 50,684,000 $ 49,797,000 $ 35,655,000
PEO Name Mr. Steinberg    
Tsr Percentile Ranking Traditional Asset Manager Peer Group 92 25 17
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name TSR Percentile Ranking – Traditional Asset Manager Peer Group    
Non-GAAP Measure Description [Text Block] We are required to report net income/(loss) pursuant to generally accepted accounting principles (“GAAP”) in the table above, however, our GAAP net income includes items that are
non-recurring
or not core to our operating business. Our adjusted net income (a
non-GAAP
measure) (in thousands) was $41,669, $61,352 and $40,205 for the years ended December 31, 2022, 2021 and 2020, respectively. A reconciliation of our net income/(loss) as reported under GAAP to adjusted net income (a
non-GAAP
measure) is included in Item 7 of our Annual Report on Form
10-K
for the year ended December 31, 2022.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Compensation Actually Paid vs. Other Measure [Text Block] LOGO    
Measure Name Net Flows    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Revenues    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Operating Income    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted Operating Margin    
PEO [Member] | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in Applicable Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 2,545,937 $ 1,581,610 $ 1,426,969
PEO [Member] | Deduction For Amounts Reported Under Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,494,989) (1,463,175) (993,637)
PEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,549,897 1,459,843 1,546,784
PEO [Member] | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 61,772 (177,002) 244,913
PEO [Member] | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (102,452) 5,196 (191,507)
PEO [Member] | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 44,640 50,039 66,409
Non-PEO NEO [Member] | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in Applicable Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 512,998 344,057 282,744
Non-PEO NEO [Member] | Deduction For Amounts Reported Under Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (511,485) (389,910) (196,883)
Non-PEO NEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 510,452 264,784 304,376
Non-PEO NEO [Member] | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,176 (11,600) 39,027
Non-PEO NEO [Member] | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (17,326) 763 (31,605)
Non-PEO NEO [Member] | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 11,604 9,424 $ 14,210
Non-PEO NEO [Member] | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   $ (77,860)