Related Party Transactions

12 Months Ended

Dec. 31, 2019

19. Related Party Transactions

The Company’s revenues are derived primarily from investment advisory agreements with related parties. Under these agreements, the Company has licensed to related parties the use of certain of its own indexes for the U.S. and Canadian WisdomTree ETFs and WisdomTree UCITS ETFs. The Board of Trustees and Board of Directors (including certain officers of the Company) of the related parties are primarily responsible for overseeing the management and affairs of the entities for the benefit of their stakeholders and have contracted with the Company to provide for general management and administration services. The Company is also responsible for certain expenses of the related parties, including the cost of transfer agency, custody, fund administration and accounting, legal, audit, and other

non-distribution

services, excluding extraordinary expenses, taxes and certain other expenses, which is included in fund management and administration on the Company’s Consolidated Statements of Operations. In exchange, the Company receives fees based on a percentage of the ETPs’ average daily net assets. The advisory agreements may be terminated by the related parties upon notice.

The following table summarizes accounts receivable from related parties which are included as a component of accounts receivable on the Company’s Consolidated Balance Sheets:


	December 31,
	2019		2018
Receivable from WTT	$	14,765	$	14,678
Receivable from ManJer Issuers		9,036		8,779
Receivable from WMAI and WTI		1,559		951
Receivable from WTAMC		227		167
Receivable from WTCS		80		95

Total	$	25,667	$	24,670

The following table summarizes revenues from advisory services provided to related parties:


	Years Ended December 31,
	2019		2018		2017
Advisory services provided to WTT	$	169,483	$	203,031	$	215,513
Advisory services provided to ManJer Issuers		82,224		54,601		—
Advisory services provided to WMAI and WTI		10,499		10,448		9,205
Advisory services provided to WTAMC		2,440		1,757		466
Advisory services provided to WTCS		1,006		1,267		1,508

Total	$	265,652	$	271,104	$	226,692

The Company also has investments in certain WisdomTree ETFs of approximately $16,886 and $7,117 at December 31, 2019 and December 31, 2018, respectively. Gains and losses related to these ETFs during the years ended December 31, 2019, 2018 and 2017 were a gain of $40, a loss of ($406) and a gain of $26, respectively, from these investments which are recorded in other losses, net on the Consolidated Statements of Operations. Amounts reported herein are exclusive of any offsetting economic hedging activities.