CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and Cash Equivalents ($3,723 and $3,733)1	[1]	$ 14,731	$ 38,099
Restricted Cash		1,029	1,028
Due from Broker ($101 and $16)1	[1]	177	64
Advisory Fees Receivable		32,866	32,590
Investments ($4,115 and $3,295)1	[1]	39,033	50,470
Receivable from Related Parties		1,816	4,239
Other Receivables ($12 and $13)1	[1]	431	474
Prepaid Expenses and Other Assets		1,494	1,386
Right-of-use Assets		14,704	0
Deferred Tax Asset		35,631	37,232
Property and Equipment, Net of Accumulated Depreciation of $3,974 and $3,724, respectively		5,658	5,394
TOTAL ASSETS		147,570	170,976
Liabilities:
Accounts Payable and Accrued Expenses ($18 and $15)1	[1]	18,018	37,266
Due to Broker ($0 and $4)1	[1]	74	360
Liability to Selling and Converting Shareholders		32,389	32,389
Lease Liabilities		15,066	0
Deferred Compensation Liability		1,190	1,845
Other Liabilities		0	108
TOTAL LIABILITIES		66,737	71,968
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		0	3,913
Retained Earnings		22,684	28,871
Accumulated Other Comprehensive Income		18	35
Total Pzena Investment Management, Inc.'s Equity		22,880	33,002
Non-Controlling Interests		57,953	66,006
TOTAL EQUITY		80,833	99,008
TOTAL LIABILITIES AND EQUITY		147,570	170,976
Common Class A
Equity:
Common Stock		178	183
TOTAL EQUITY		178	183
Common Class B
Equity:
Common Stock		$ 0	$ 0

[1] Asset and liability amounts in parentheses represent the aggregated balances at March 31, 2019 and December 31, 2018 attributable to Pzena International Value Service (a series of Pzena Investment Management, LLC), Pzena Investment Management Special Situations, LLC, Pzena U.S. Best Ideas (GP), LLC, and Pzena Global Best Ideas (GP), LLC which were variable interest entities as of March 31, 2019 and December 31, 2018, respectively.