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Revenues (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table summarizes revenue by source:

	Three Months Ended March 31,
	2018				2017 (1)
($ in thousands)
Investment management fees
Open-end funds	$	54,361			$	30,526
Closed-end funds	10,378				11,079
Retail separate accounts	16,529				11,434
Institutional accounts	15,818				5,141
Structured products	2,326				498
Other products	1,064				593
Total investment management fees	100,476				59,271
Distribution and service fees	12,607				10,783
Administration and shareholder service fees	15,738				8,981
Other income and fees	207				741
Total revenues	$	129,028			$	79,776

(1) Prior period amounts have not been adjusted

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The impact of adoption of ASC 606 on the Company's condensed consolidated statement of operations was as follows:

	Three Months Ended March 31, 2018
($ in Thousands)	As Reported				Balance Under Prior ASC 605				Effect of Change Higher/(Lower)
Revenues
Distribution and service fees	$	12,607			$	11,371			$	1,236
Operating Expenses
Distribution and other asset-based expenses	22,291				21,055				1,236

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=82913847&loc=SL49130545-203045

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305

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-Publisher FASB
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-Name Accounting Standards Codification
-Topic 270
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794

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-Publisher FASB
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-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

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