CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash ($3,517 and $3,717)	[1]	$ 27,347	$ 63,414
Restricted Cash		1,021	1,017
Due from Broker ($1,410 and $1,485)	[1]	1,410	1,875
Advisory Fees Receivable		37,689	32,531
Investments in Marketable Securities, at Fair Value ($3,195 and $3,589)	[1]	4,990	5,452
Equity Method Investments ($331 and $338)		16,107	16,285
Receivable from Related Parties		2,053	1,453
Other Receivables ($18 and $15)	[1]	142	132
Prepaid Expenses and Other Assets		1,115	990
Deferred Tax Asset		38,294	39,639
Property and Equipment, Net of Accumulated Depreciation of $3,313 and $3,063, respectively		6,004	6,259
TOTAL ASSETS		136,172	169,047
Liabilities:
Accounts Payable and Accrued Expenses ($17 and $14)	[1]	14,850	31,983
Due to Broker ($1,004 and $0)	[1]	1,165	144
Liability to Selling and Converting Shareholders		36,441	36,441
Deferred Compensation Liability		1,200	918
Other Liabilities		316	272
TOTAL LIABILITIES		53,972	69,758
Commitments and Contingencies (see Note 12)
Equity:
Preferred Stock (Par Value $0.01; 200,000,000 Shares Authorized; None Outstanding)		0	0
Additional Paid-In Capital		5,800	7,915
Retained Earnings		20,177	24,214
Accumulated Other Comprehensive Loss		(23)	(5)
Total Pzena Investment Management, Inc.'s Equity		26,131	32,304
Non-Controlling Interests		56,069	66,985
TOTAL EQUITY		82,200	99,289
TOTAL LIABILITIES AND EQUITY		136,172	169,047
Common Class A
Equity:
Common Stock		177	180
Common Class B
Equity:
Common Stock		$ 0	$ 0

[1] Asset and liability amounts in parentheses represent the aggregated balances at March 31, 2018 and December 31, 2017 attributable to Pzena International Value Service (a series of Pzena Investment Management International, LLC), Pzena Investment Management Special Situations, LLC, and Pzena U.S. Best Ideas (GP), LLC, which were variable interest entities as of March 31, 2018 and December 31, 2017, respectively.