Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Disaggregation of Revenue

Revenue from advisory fees is disaggregated into categories based on the composition of the Company's client base and advisory fee structure for the three months ended March 31, 2018 and 2017:

	For the Three Months Ended March 31,
Revenue	2018			2017
	(in thousands)
Separately Managed Accounts
Asset-Based Fees	$	20,082		$	17,579
Performance-Based Fees	—			61
Total Separately Managed Accounts Fees	20,082			17,640
Sub-Advised Accounts
Asset-Based Fees	$	15,565		$	12,081
Decrease in Asset-Based Fees	—			(57		)
Performance-Based Fees	886			209
Total Sub-Advised Fees	16,451			12,233
Pzena Funds
Asset-Based Fees	$	2,986		$	2,171
Expense Cap Reimbursements	(279		)	—
Performance-Based Fees	12			—
Total Pzena Funds Fees	2,719			2,171
Total	$	39,252		$	32,044

Schedule of Cash and Cash Equivalents

The following table reconciles cash and restricted cash per the consolidated statements of cash flows to the consolidated statements of financial condition.

	March 31,		December 31,		March 31,		December 31,
Cash and Restricted Cash	2018		2017		2017		2016
	(in thousands)
Cash	$	27,347	$	63,414	$	20,047	$	43,522
Restricted Cash	1,021		1,017		3,831		3,636
Total Cash and Restricted Cash at end of period	$	28,368	$	64,431	$	23,878	$	47,158

Schedule of Restricted Cash

The following table reconciles cash and restricted cash per the consolidated statements of cash flows to the consolidated statements of financial condition.

	March 31,		December 31,		March 31,		December 31,
Cash and Restricted Cash	2018		2017		2017		2016
	(in thousands)
Cash	$	27,347	$	63,414	$	20,047	$	43,522
Restricted Cash	1,021		1,017		3,831		3,636
Total Cash and Restricted Cash at end of period	$	28,368	$	64,431	$	23,878	$	47,158