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Regulatory Requirements
3 Months Ended
Mar. 31, 2019
Regulatory Capital Requirements [Abstract]  
Regulatory Requirements

11. REGULATORY REQUIREMENTS

Under the SEC Uniform Net Capital Rule (SEC Rule 15c3-1) Alternative Standard under Section (a)(1)(ii), the minimum net capital requirement is $250. At March 31, 2019, Moelis U.S. had net capital of $15,838, which was $15,588 in excess of its required net capital. At December 31, 2018, Moelis U.S. had net capital of $63,099 which was $62,849 in excess of its required net capital.

Moelis U.S. does not carry customer accounts and does not otherwise hold funds or securities for, or owe money or securities to, customers and accordingly is exempt under Section (k)(2)(ii) of SEC Rule 15c3-3.

At March 31, 2019, the aggregate regulatory net capital of Moelis UK was $6,802 which exceeded the minimum requirement by $6,746. At December 31, 2018, the aggregate regulatory net capital of Moelis UK was $23,041, which exceeded the minimum requirement by $22,984.