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Revenue
 6 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table presents revenues disaggregated by product offering, which aligns with the identified performance obligations and the basis for calculating each amount:
Three Months Ended
September 30,		Six Months Ended September 30,
Management and advisory fees2019201820192018
Specialized funds$26,985  $22,736  53,944  43,751  
Customized separate accounts22,466  21,106  44,429  41,493  
Advisory5,961  6,152  12,213  12,361  
Reporting and other2,092  2,163  4,255  4,113  
Distribution management702  710  2,061  1,798  
Fund reimbursement revenue990  381  2,845  711  
Total management and advisory fees$59,196  $53,248  $119,747  $104,227  

Three Months Ended
September 30,		Six Months Ended September 30,
Incentive fees2019201820192018
Specialized funds$4,980  2,085  $7,619  $7,809  
Customized separate accounts116  500  1,612  7,159  
Total incentive fees$5,096  $2,585  $9,231  $14,968  

The Company recognized $2,541 of incentive fees during the six months ended September 30, 2018 that were previously received and deferred.
Cost to obtain contracts
The Company incurs incremental costs related to sales commissions paid to certain employees directly related to customized separate account contracts. These incremental costs are capitalized and amortized over the expected contract length proportionately to the management fee revenue expected to be recognized in each year as a percentage of the total expected revenue for the contract. The contract asset related to the cost to obtain contracts was $960 and $968 as of September 30, 2019 and March 31, 2019, respectively, and is included in other assets in the Condensed Consolidated Balance Sheets. Amortization expense related to this contract asset was $124 and $246 for the three and six months ended September 30, 2019, respectively, and $114 and $236 for the three and six months ended September 30, 2018, respectively, and is included in general, administrative and other in the Condensed Consolidated Statements of Income.