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Related Party Transactions
6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Related Party Transactions

9. Related Party Transactions

In May 2006, the Company acquired the rights to advise, distribute and administer the Insight Funds from BMO Asset Management Corp. (“BMO”), a subsidiary of BMO Financial Corp. BMO and BMO Financial Corp., a significant stockholder of the Company, are related parties of the Company.

Sub-advisory investment management fees and distribution and administration fee expenses paid or payable to BMO were $0.2 million and $0.7 million for the three months ended June 30, 2013 and 2012, respectively and $0.4 and $1.4 million for the six months ended June 30, 2013 and 2012, respectively. At both June 30, 2013 and December 31, 2012, less than $0.1 million, was payable to BMO and its affiliates related to sub-advisory investment management fees and distribution fees.