CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and Cash Equivalents ($3,778 and $3,733)1	[1]	$ 33,783	$ 38,099
Restricted Cash		1,031	1,028
Due from Broker ($255 and $16)1	[1]	255	64
Advisory Fees Receivable		32,659	32,590
Investments ($4,101 and $3,295)1	[1]	40,501	50,470
Receivable from Related Parties		1,818	4,239
Other Receivables ($12 and $13)1	[1]	411	474
Prepaid Expenses and Other Assets		2,358	1,386
Right-of-use Assets		14,222
Deferred Tax Asset		34,473	37,232
Property and Equipment, Net of Accumulated Depreciation of $4,234 and $3,724, respectively		5,432	5,394
TOTAL ASSETS		166,943	170,976
Liabilities:
Accounts Payable and Accrued Expenses ($13 and $15)1	[1]	26,227	37,266
Due to Broker ($83 and $4)1	[1]	83	360
Liability to Selling and Converting Shareholders		32,389	32,389
Lease Liabilities		14,622
Deferred Compensation Liability		2,410	1,845
Other Liabilities			108
TOTAL LIABILITIES		75,731	71,968
Commitments and Contingencies (see Note 12)
Equity:
Preferred Stock (Par Value $0.01; 200,000,000 Shares Authorized; None Outstanding)
Additional Paid-In Capital		289	3,913
Retained Earnings		25,512	28,871
Accumulated Other Comprehensive Income		37	35
Total Pzena Investment Management, Inc.'s Equity		26,016	33,002
Non-Controlling Interests		65,196	66,006
TOTAL EQUITY		91,212	99,008
TOTAL LIABILITIES AND EQUITY		166,943	170,976
Common Class A
Equity:
Common Stock		178	183
TOTAL EQUITY		$ 178	$ 183

[1] Asset and liability amounts in parentheses represent the aggregated balances at June 30, 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 June 30, 2019 and December 31, 2018, respectively.