CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and Cash Equivalents ($3,983 and $3,733)1	[1]	$ 35,685	$ 38,099
Restricted Cash		1,033	1,028
Due from Broker ($0 and $16)1	[1]		64
Advisory Fees Receivable		30,392	32,590
Investments ($4,021 and $3,295)1	[1]	53,274	50,470
Receivable from Related Parties		1,829	4,239
Other Receivables ($11 and $13)1	[1]	508	474
Prepaid Expenses and Other Assets		1,839	1,386
Right-of-use Assets		13,748
Deferred Tax Asset		33,695	37,232
Property and Equipment, Net of Accumulated Depreciation of $4,495 and $3,724, respectively		5,696	5,394
TOTAL ASSETS		177,699	170,976
Liabilities:
Accounts Payable and Accrued Expenses ($16 and $15)1	[1]	31,935	37,266
Due to Broker ($0 and $4)1	[1]		360
Liability to Selling and Converting Shareholders		32,389	32,389
Lease Liabilities		14,135
Deferred Compensation Liability		3,590	1,845
Other Liabilities			108
TOTAL LIABILITIES		82,049	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		59	3,913
Retained Earnings		28,454	28,871
Accumulated Other Comprehensive Income		63	35
Total Pzena Investment Management, Inc.'s Equity		28,752	33,002
Non-Controlling Interests		66,898	66,006
TOTAL EQUITY		95,650	99,008
TOTAL LIABILITIES AND EQUITY		177,699	170,976
Common Class A
Equity:
Common Stock		176	183
TOTAL EQUITY		$ 176	$ 183

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